A competitive interest rate without being locked into a fixed rate for a set term. Offers you complete repayment flexibility and a full range of features.
- Minimum amount $50,000
- Maximum amount is 95% of the value of the property
- Loan Mortgage Insurance (LMI) is required if amount borrowed is more than 80% of the value of the property
- Variable interest rate
- Weekly, fortnightly or monthly repayments
- Redraw facility
- Ability to make extra repayments
- Automatic repayments
- Loan portability available
- 100% linked offset account available
Is this loan right for you?
The Essentials Home Loan offers you all the features and flexibility you need to pay off your loan as quickly as you like.
Because the interest rate varies, the interest applied to your loan will increase or decrease according to movements in official market rates. If rates fall, you can reduce your repayment amount, or keep it unchanged and get ahead of your repayment requirements. The choice is yours.
You have total repayment flexibility - make as many additional repayments as you wish, and pay your loan off as fast as you like.
Warning: The comparison rate is calculated on a loan amount of $150,000 over a term of 25 years based on monthly repayments. Different amounts and terms will result in different Comparison Rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the Comparison Rate but may influence the cost of the loan.
This calculator provides the approximate repayment amount required on a monthly, fortnightly or weekly basis. Simply enter a loan amount, a loan term and an annual interest rate and press the 'Calculate' button.
This calculator provides the approximate years and months it will take to repay a loan. Simply enter a loan amount, a regular repayment and an annual interest rate and press the 'Calculate' button.
Provides an approximate loan amount based on a regular repayment. Simply enter a regular repayment amount, an annual interest rate and a loan term and press the 'Calculate' button.