Important disclosure
Calculate your repayments for this loan
Your estimated repayment
$3,056
based on $500,000 loan amount for 25 years at 5.45%
Pros and cons
For The Basics Low Rate Home Loan Offer (LVR < 60%)
Benefits
- Interest rates ranked in the best 20%
- Extra repayments and redraw facility
- Free redraw facility
Drawbacks
- No offset account
- Ongoing fee
- Higher than average upfront fee
- Discharge fee at end of loan
- Maximum loan amount is limited to 60% of the property's value
Arab Bank Australia Variable Rate Home loan overview
For The Basics Low Rate Home Loan Offer (LVR < 60%)
Details
Maximum LVR 60% | Total Repayments $916,658 |
Interest rate type Variable | |
Borrowing range
$50k
-
$100m
| Suitable for Owner Occupiers |
Loan term range 1 - 30 years | Repayment type Principal and Interest |
Applicable states ACT, NSW, NT, QLD, SA, VIC, WA | |
Target Market Determination Visit Arab Bank Australia Ltd to view Target Market Determination. |
Features
Extra repayments Unlimited extra repayments | Redraw facility Redraw fee: $0 |
Offset account No | Split interest facility |
Loan portable | Repayment holiday available |
Allow guarantors | Available for first home buyers |
Other benefits |
Fees
Total estimated upfront fees $600 | Application fee $600 |
Legal fee $0 | Valuation fee $0 |
Settlement fee $0 | Other upfront fee $0 |
Ongoing fee $8 monthly | Discharge fee $115 |