Essential Home Loan - 6.69% Variable
In response to the exodus and the disatisfaction of customers with the major banks, Mortgageport has designed a variable home loan with a highly competitive low interest rate, no ongoing fees and most importantly, 'no early repayment fees'.
The Essential Home Loan offers a low variable interest rate of 6.69%, that directly caters to those borrowers who still want the flexibility within their home loan that some fixed loans may not offer.
To find out more details on this loan product please contact us.
Variable Interest Rate on Offer
The table below compares this rate with that currently offered by the major banks. The standard variable rates are shown here, but even when comparing this offer to the banks discounted home loans and professional packages the rate stacks up better than ever.
Of course we have access to loans from most major lenders too but this offer we believe is great value for money and not generally availble through other mortgage brokers.
| Lender |
Compare Current Variable Rates |
| Bendigo and Adelaide Bank – but managed by Mortgageport | 6.69% (up to 90% LVR) *6.82 Comparison Rate |
| Commonwealth Bank | 7.94% |
| ANZ | 7.90% |
| NAB | 7.72% |
| Westpac | 7.99% |
Source: February 3, 2011 from the noted banks actual websites comparison rates.
All fee and charges payable, eligibility criteria and terms and conditions are available on application.
This product offer is for internet generated inquiries only.
What you get with this home loan
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Loan size over $150,000 |
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No ongoing monthly fees |
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6.69% available for borrowing up to 95% of the property’s value $150-$750k |
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Secure funder |
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Establishment Fee - 0.50% (plus gst), valuation fee $295 and lenders legal fees deducted at settlement |
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Choose between weekly, fortnightly, or monthly repayments |
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Internet Banking and Redraw available |
This product is only available as an Internet only deal and is applicable to all new loans.
*What is a comparison rate?
A comparison rate helps you identify the true cost of a loan. It takes into account the interest rate, loan set-up costs, the term of the loan, and any other up front or ongoing fees associated with a loan.
When deciding on the loan that suits your particular needs, it's important to consider all features of the loan, not just the comparison rate. For example, features such as Internet banking or flexible repayment arrangements are not included in the comparison rate.
It's also important to know that the comparison rate does not include:
- Government charges, such as stamp duty or mortgage registration fees
- Fees and charges associated with certain loan options that may or may not be used by the lender, such as early repayment or redraw fees.
Important information
The comparison rate is calculated on the basis of a minimum home loan of $150,000 over a 25 year term.
WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
