Wizard Rate Breaker Loan

Wizard
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Headline interest rate
-
Max LVR
80%
Annual fee
-

Moneybuddy says

The Wizard Rate Breaker Loan is all about the low rate. It boasts one of the lowest variable interest rates in Australia, but without many features or much flexibility. The loan is only available to owner-occupied residential property purchasers and is for loans up to $400,000 with 80% finance. You can't make additional repayments with the Rate Breaker Loan, or convert to a fixed or split loan, but if it's a low fee you're after this loan has one of the lowest.

The Basics

Interest type -

Headline interest rate -

Max LVR 80%

Annual fee -

The cool stuff: features

Draw down loan progressively -

Insurance details -

Loan is Transferable No

Line of credit available No

Product suits Investor

The Facts & Figures

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Comparison rate 1 year -

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Minimum loan term -

Maximum loan term 30 years

Min loan amount $100,000

Max loan amount $400,000

Early repayments No

Redraw facility No

Repayment holiday No

Ability to split loan No

Extra repayments No

Offset account available No

Interest only payments No

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 information provided by advertiser or taken from advertiser website and correct at time of publishing. If this information is incorrect, please contact us.

Pros

  • One of the lowest variable rates of any loan in Australia

Cons

  • No interest-only repayments available
  • No option to make or redraw extra repayments
  • No options for payments schedule - payments must be made monthly

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home > compare home loans > Wizard home loans > Wizard Rate Breaker Loan