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If you are looking for a simple, no fuss variable rate home loan that offers a lower rate than many of the big banks then a Hume Interest Saver loan may be for you.
Key Features
Account keeping fee
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Zero
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Max loan term
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30yrs
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Max LVR (Loan to Value Ratio)
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95%
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Lenders Mortgage Insurance
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Is generally required if amount borrowed is more than 80% of the valuation of the security property |
Repayment frequency
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Weekly/fortnightly/monthly |
Repayment method
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No restrictions |
Additional repayments
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Accepted any time - no penalty |
Redraw facility
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Yes
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Available for construction loan
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Yes |
Interest only option
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Yes
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| 100% offset account |
No |
Free linked transaction account
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Yes (terms and conditions apply)
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Purpose
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Owner occupied or investment use
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Split Loan
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Yes. You can have this loan as a standalone loan or as part of a split-loan. | |
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Things you must read
Interest rate correct as at 01/09/2010 and subject to change without notice. Terms, conditions, fees, charges and normal lending criteria apply. Comparison rate based on a secured loan of $150,000 over 25 years. Warning: The comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees and other loan amounts might result in a different comparison rate.
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