| 3.49%p.a.Interest rate | 3.39%p.a.Comparison rate |
| Home loan type | Investment |
|---|---|
| Interest rate type | Variable |
| Maximum LVR | 80% |
| Repayment type | Interest Only |
Basic Home Loan - Loan amount less than $150,000 - (LVR 80% or less) - Investment (Interest Only)
The Basic Home Loan - Loan amount less than $150,000 from ME Bank is a 3.49% p.a. Variable Investment home loan with Interest Only repayments – and is suitable for buyers looking to purchase an Investment property. This product has a Maximum LVR of 80%.
What are the features and benefits of this loan?
With this loan you can enjoy the following:
- no account-keeping fees
- free redraws
- option to pay loan off early
- flexible repayment options
What are the application criteria of this loan?
To be eligible for this loan you must:
- not have existing applications, internal refinances, top ups, additional advances or variations of existing home loans
What fees and charges come with this loan?
- valuation fee: $200
- agent fee: $110
- solicitor fee: $200
- Security discharge preparation fee: $350
Partial discharge – Payable when you request that we release part of a security.
Full discharge – Payable when you repay the money you owe us in full and request that we prepare a full discharge of mortgage. - Security Substitution fee: $350
Payable if we approve your request to substitute the security property for another property.
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