Reply: 4.1
From: Rolf Latham
Hi Brian
Tis a good rate for smallish loans.
on the sort of money were talking about here
Westpac will do 5.47 % var I/O over 30 years
CBA will do 5.57 var i/o over 20 years
ANZ will do 5.57 var i/o over 30 years.
"Subject to Lender terms and conditions"
Rolf
Reply: 3
From: Rolf Latham
Hi Peter
You could look at a revolving line of credit which is by nature usually an interest only product with a 20 to 30 year loan term.
Some lenders will want a higher interest rate on this product than say a no frill standard term loan with a 5 year interest...
