Yellow Brick Road Rate Smasher Home Loan

Moneybuddy says

This home loan is a great solution from Yellow Brick Road for people who already have a home loan with a high rate. The ratesmasher home loan has a lower variable rate than the 4 big banks, has no account fees and flexible repayment options. You can also get this great rate for a new home loan, if you have a 30% deposit or more.

The Basics

Max LVR 70.00%

Interest type Variable rate

Headline interest rate p.a. 4.73%

Comparison rate p.a. 4.74%

Annual fee $0

The cool stuff: features

Draw down loan progressively -

Insurance details -

Loan is Transferable -

Line of credit available -

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 -

Minimum loan term 30 years

Maximum loan term 30.00 years

Min loan amount $100,000

Max loan amount $750,000

Early repayments Yes

Redraw facility Yes

Repayment holiday -

Ability to split loan -

Extra repayments Yes

Offset account available -

Interest only payments No

The ugly stuff: fees

Application fee $0

Valuation fee $0

Subsequent valuation fee -

Valuation fee details -

Discharge fee $400

Discharge fee details -

Legal fee -

Settlement fee -

Redraw fee $0

Comparison Rate Disclaimer Comparison rate based on a $150,000 loan amount over 25 years. Warning: This rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

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Warning: These comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Yellow Brick Road says

Whether you're buying your first home or moving to a new home, Yellow Brick Road's Rate Smasher home loan could save you up to $44 per month in repayments or $13,200 over the life of a $150,000 loan.*

Key features

  • 70% Maximum LVR
  • No Account Fees
  • Flexible Repayments
  • Free Unlimited Additional Payments

Pros

  • No Account Fees
  • Flexible Repayments
  • Free Unlimited Additional Payments

Cons

  • 70% Maximum LVR

Terms & conditions

*Warning: The example saving ($13,200) is based on a $150,000 loan over 25 years using the Rate Smasher. Savings will depend on factors specific to your individual loan.

 
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