Important disclosure
Basic Low Rate Home Loan Offer
Interest Rate
5.45%
p.a
Variable
Comparison Rate*
5.58%
p.a
5.45%
p.a
Variable
5.58%
p.a
$0
based on $500,000 loan amount for 25 years at 5.45%
Basic Low Rate Home Loan Offer
Find your ideal home loan from one of the 2 home loans from Arab Bank Australia
Principal and Interest (P&I)
| Loan type | Loan to value ratio | Interest rate | Comparison rate | |
|---|---|---|---|---|
Variable | Up to 60% | 5.45% p.a. | 5.58% p.a. | Product Info |
Variable | Up to 60% | 5.65% p.a. | 5.69% p.a. | Product Info |
Interest only
| Loan type | Loan to value ratio | Interest rate | Comparison rate |
|---|
Arab Bank Australia Variable Rate Home loan overview
For The Basics Low Rate Home Loan Offer (LVR < 60%)
Details
Maximum LVR 60% | Total Repayments |
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 |
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
