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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 20 December 2011 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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