Greater Building Society Mortgage Express
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Moneybuddy says
The Greater Building Society Mortgage Express home loan lets you use your savings as a 100% offset to reduce interest charges. You can also make unlimited redraws from ATM, Eftpos, BPay, Phone Banking, and Internet Banking. That's a big monthly saving in transaction fees. You will have to pay the principal and interest each month however, not just interest only payments.
The Basics
Interest type -
Headline interest rate -
Max LVR -
Annual fee -
The cool stuff: features
Draw down loan progressively -
Insurance details -
Loan is Transferable No
Line of credit available No
Product suits Owner - Occupier
The Facts & Figures
Introductory rate -
Introductory term -
Interest rate 1 year -
Interest rate 2 years -
Interest rate 3 years -
Interest rate 4 years -
Interest rate 5 years -
Interest rate 7 years -
Interest rate 10 years -
Interest rate 15 years -
Comparison rate 1 year -
Comparison rate 2 years -
Comparison rate 3 years -
Comparison rate 4 years -
Comparison rate 5 years -
Comparison rate 7 years -
Comparison rate 10 years -
Comparison rate 15 years -
Comparison rate 8.20%
Minimum loan term -
Maximum loan term -
Min loan amount -
Max loan amount -
Early repayments No
Redraw facility Yes
Repayment holiday No
Ability to split loan Yes
Extra repayments Yes
Offset account available Yes
Interest only payments No
The ugly stuff: fees
Application fee $0
Valuation fee -
Subsequent valuation fee -
Valuation fee details -
Discharge fee -
Discharge fee details -
Legal fee -
Settlement fee -
Redraw fee -
* Important note: All information provided by advertiser or taken from advertiser website and correct at time of publishing. If this information is incorrect, please contact us.
Pros
- 100% offset against your loan balance
- No excess transaction fees using ATM/Eftpos
- No application fee if borrowing more than $40 000.
Cons
- Must pay the principal and interest every month
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