MyRate All-in-one

MyRate
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Headline interest rate p.a.
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Max LVR
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Annual fee
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Moneybuddy says

A line of credit loan from MyRate with a competitive rate and the trademark "no fees" feature. A nil interest Visa card is included too - great for consolidating your debt in the process.

The Basics

Interest type Variable rate

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 Yes

Product suits Owner - Occupier

The Facts & Figures

Introductory rate p.a. -

Introductory term -

Interest rate (p.a.) 1 year -

Interest rate (p.a.) 2 years -

Interest rate (p.a.) 3 years -

Interest rate (p.a.) 4 years -

Interest rate (p.a.) 5 years -

Interest rate (p.a.) 7 years -

Interest rate (p.a.) 10 years -

Interest rate (p.a.) 15 years -

Comparison rate (p.a.) 1 year -

Comparison rate (p.a.) 2 years -

Comparison rate (p.a.) 3 years -

Comparison rate (p.a.) 4 years -

Comparison rate (p.a.) 5 years -

Comparison rate (p.a.) 7 years -

Comparison rate (p.a.) 10 years -

Comparison rate (p.a.) 15 years -

Comparison rate p.a. -

Minimum loan term -

Maximum loan term -

Min loan amount -

Max loan amount -

Early repayments Yes

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 -

Valuation fee details -

Discharge fee -

Discharge fee details -

Legal fee -

Settlement fee -

Redraw fee -

* 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. Money Buddy earns a referral fee in the form of a commission payment per successful or referred application from redirecting website users to MyRate's website. Website users have no obligation to apply for a product or service that they may be referred to by this website.

MyRate says

A low-rate fully-flexible loan package that allows you to consolidate your debts and minimize interest costs.It combines a nil interest Visa card (NIVA), no fixed loan term and interest-only minimum repayments.

Key features

  • Low rate
  • No upfront fees
  • No ongoing fees
  • Securely funded by ING
  • * Day Approval Guarantee

Pros

  • Low rate
  • No fees
  • * day approval
  • Nil interest Visa card
 

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