Resi Low Start Loan
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Moneybuddy says
Home loan from Resi featuring a one-off application fee and no regular monthly or yearly fees. This loan is for those needing a lower introductory rate and not requiring high flexibility.
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 Payable by borrower if more than 80% LVR
Loan is Transferable Yes
Line of credit available Yes
Product suits Owner - Occupier & Investor
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 -
Ability to split loan No
Extra repayments Yes
Offset account available -
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.
Resi says
Room to breathe in the first critical months with a LOW introductory rate. If you are looking for a low interest rate upfront, with a little less flexibility, then this product is for you! Here are some great reasons to take out a Low Start Loan: A super HOT variable introductory for ** months. Reverts to the competitive Resi Complete home loan rate. The ability to make extra repayments anytime. Free redraw Interest only option. No regular monthly or yearly fees. A one-off application fee. **/* Internet and Phone access. One simple variable rate loan and no fixed rate or split facility options
Key features
- Ability to make extra repayments anytime
- Free redraw
- No regular monthly or yearly fees
- A one-off application fee
- **/* Internet and Phone access
Pros
- One-off application fee
- No regular monthly or yearly fees
- **/* Internet and Phone access
Cons
- Lower flexibility
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