Who is best suited to an interest-only loan?
Interest-only loans can be a great option
For investors, or for home buyers who’d prefer to spend money on making improvements to the property rather than paying off the principal at the beginning of the loan. There may also be tax benefits for investors who choose an interest only loan.
Why choose a Interest-Only Home Loan?
Interest only period
Enjoy lower repayments during the interest-only period of your home loan so you can save extra cash or renovate.
Perks for Investors
Reap potential tax benefits by offsetting rental income against your costs, and use the extra cashflow to renovate your property.
We'll switch you
We will notify you of the change, the new repayment amount and automatically transfer your loan to principal and interest.
Unexpected events
Temporarily reducing your home loan repayments could help ease some financial pressure, when life's unexpected events happen.
A home loan that gives you budget confidence
Here’s your new offer
Rates
Owner Occupier
Variable Home Loan
1 Year Fixed
2 Year Fixed
3 Year Fixed
Interest Rate:
6.54% p.a.***
6.94% p.a.*
6.74% p.a.*
6.64% p.a.*
Comparison Rate:
6.41% p.a.*
6.36% p.a.*
6.38% p.a.*
6.40% p.a.*
Max LVR:
80%
80%
80%
80%
Investor
Variable Investor Home Loan
1 Year Fixed
2 Year Fixed
3 Year Fixed
Interest Rate:
6.74% p.a.+
7.14% p.a.*
6.94% p.a.*
6.84% p.a.*
Comparison Rate:
6.66% p.a.*
6.64% p.a.*
6.66% p.a.*
6.66% p.a.*
Max LVR:
90%
80%
80%
80%
Key Features
Up to 30 years loan term
Available for refinance or purchase
Flexible repayment options
Repayments
Frequency
Monthly
Estimated repayments
$2,725 per month#
The monthly repayment estimate is based on a $500,000 loan over 30 years at 6.54% p.a. paying interest only.
Fees
Application fee
$0
Ongoing fees
$0
Security assessment fee
$230
Government fees
At cost
Settlement fee
$300
Optional rate lock fee
$350*^
Owner Occupier
Variable Home Loan
Interest Rate:
Comp Rate:
Max LVR:
6.54% p.a.***
6.41% p.a.*
80%
1 Year Fixed
Interest Rate:
Comp Rate:
Max LVR:
6.94% p.a.*
6.36% p.a.*
80%
2 Year Fixed
Interest Rate:
Comp Rate:
Max LVR:
6.74% p.a.*
6.38% p.a.*
80%
3 Year Fixed
Interest Rate:
Comp Rate:
Max LVR:
6.64% p.a.*
6.40% p.a.*
80%
Investor
Variable Investor Home Loan
Interest Rate:
Comp Rate:
Max LVR:
6.74% p.a.+
6.66% p.a.*
90%
1 Year Fixed
Interest Rate:
Comp Rate:
Max LVR:
7.14% p.a.*
6.64% p.a.*
80%
2 Year Fixed
Interest Rate:
Comp Rate:
Max LVR:
6.94% p.a.*
6.66% p.a.*
80%
3 Year Fixed
Interest Rate:
Comp Rate:
Max LVR:
6.84% p.a.*
6.66% p.a.*
80%
Up to 30 years loan term
Available for refinance or purchase
Flexible repayment options
Frequency
Weekly, monthly or fortnightly
Estimated repayments
$2,725 per month#
The monthly repayment estimate is based on a $500,000 loan over 30 years at 6.54% p.a. paying interest only.
Application fee
$0
Ongoing fees
$0
Security assessment fee
$230
Government fees
At cost
Settlement fee
$300
Optional rate lock fee
$350*^
As seen on...
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Home loan customers
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Frequently Asked Questions
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