Hello Ozbargainers,
Firstly, thank you for your support so far.
Below are the key rates. Refer to this link for all rates.
- 6.24% P.A(CR 6.26% P.A.) upto 60% LVR.
- 6.29% P.A(CR 6.31% P.A.) upto 80% LVR.
Can negotiate further interest rate discount with uBank for larger loan
Fees :- $250 for Setup and $300 for discharge/exit. I have been able to get the setup fee($250) waived for most of my clients . Refer to this link for all other fees that could apply.
This is one of the best rates in the market at the moment for Investment Property loans. Especially to purchase an investment property. ME Bank might work out better for refinance situations, depending on loan amount. I have access to both and happy to work out the numbers for you.
The product does not come with offset account. People normally prefer offsetting their Home Loans so this might be a good option. The offset option is slightly more expensive starting at 6.29%(CR 6.53%) for 60% LVR .
Combined with Broker Cashback of 0.3% **, the effective rate for will be starting from **6.09% for the first 2 years, that is most competitive in the market for investment property loan.
Refer to this link for broker cashback terms and conditions.
You can also combine the broker cashback with any of the 40+ banks on my panel, The easiest way to reach out, is to book an obligation-free appointment in my calendar.
General Advice Warning-. The information contained on this web page is general in nature and does not take into account your personal situation. Please contact me for a tailored solution, comparing 40+ banks/lenders.
Regards,
Roopali
Director | Mortgage Broker
Lending Workshop
Credit Representative Number 544854| Australian Credit License Number 391237| ABN 98 663 429 598|Certified FBAA Member M-353524.
can't even buy PPOR