Aussie First Home Buyer Standard Variable
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Moneybuddy says
The First Home Buyer Standard Variable from Aussie Home Loans lets borrowers take advantage of the First Home Buyers Grant from the Federal Government. You can payback the loan in lump sums if you have the cash, or just pay the monthly interest amounts if you need to. There are no monthly fees and this loan is available to first home buyers only.
The Basics
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Headline interest rate p.a. -
Max LVR -
Annual fee -
The cool stuff: features
Draw down loan progressively -
Insurance details -
Loan is Transferable Yes
Line of credit available No
Product suits Owner - Occupier
The Facts & Figures
Introductory rate p.a. -
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Comparison rate (p.a.) 7 years -
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Comparison rate (p.a.) 15 years -
Comparison rate p.a. -
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Early repayments No
Redraw facility Yes
Repayment holiday No
Ability to split loan Yes
Extra repayments Yes
Offset account available No
Interest only payments Yes
The ugly stuff: fees
Application fee -
Valuation fee -
Subsequent valuation fee -
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* Important note: All product information comes from the product provider or an affiliate and to the best of our knowledge is correct at time of publishing.
Pros
- First year Building Insurance waived
- Use first home buyers grant towards deposit
- **% Max LVR
Cons
- High portability fee
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