Lowest fixed interest rate
- Thread starter evisional
- Start date
There are 1 years fixed under 4% ...but I'll quote you the 3 years fixed.
4.09% 3 years fixed with Teachers mutual bank ( You need to be a teacher or working in educational field OR family member is a TMB member/ teacher etc..)
ING 4.24%, 3 years - available to all ( Min $50,000 variable tho...)
Bankwest 4.29%, 3 years - available to all. ( full fix)
)
Suncorp - 4.30% , 3 years - available to all. ( full fix)
3yrs - 4.14% Advantage. There are some conditions on it though (fixed/variable combination, 80% LVR, more than $200k).
It's not too difficult to beat the online lenders on rate, but as has been said many times, it's not always the best outcome for borrowers.
It's not too difficult to beat the online lenders on rate, but as has been said many times, it's not always the best outcome for borrowers.
Resi has a split deal too - 4.06% fixed for 3 / 4.54% variable 80%LVR and over $500k loan.
yeah I just wrote one of these. Even took me by surprise how low that 2 and 3 year becomes when you split it up 50/50 with the variable.
Cheers
Jamie
And I thought my fixed rate (from 10 months ago) of 4.49% with them was good. That's a great rate.
How easy is it to get IP loans with them? Mine is a PPOR.
4.49% 10 month ago IS and WAS an excellent rate so don't be to hard...nobody could have predicted this rate drop with any accuracy
IP with TBA is ok...not the best but average
- Allows I/O
- Max cash out is generally $100,000 which is workable...
- Limited DUA over 80% LVR
- Average servicing
Huge break and exist cost if you break a fix early, as they source their funding from local market ( normally 30% more than the big 4)
Lowest interest rate I have found is Newcastle Permanent: 4.14%pa for 2 years.
For a limited time they are offering a special discount^ of 0.10% p.a. off our Fixed Rate Home Loan rates if you have more than 20% equity and a minimum home loan of $250,000.
http://www.newcastlepermanent.com.au/Personal/HomeLoans/FixedRateHomeLoan/tabid/94/Default.aspx
Product Features
Fixed loan repayments for your peace of mind
Borrow up to 95% of the property value
No ongoing fees
Can split with other Newcastle Permanent loan
For a limited time they are offering a special discount^ of 0.10% p.a. off our Fixed Rate Home Loan rates if you have more than 20% equity and a minimum home loan of $250,000.
http://www.newcastlepermanent.com.au/Personal/HomeLoans/FixedRateHomeLoan/tabid/94/Default.aspx
Product Features
Fixed loan repayments for your peace of mind
Borrow up to 95% of the property value
No ongoing fees
Can split with other Newcastle Permanent loan
I would also look at some of the other fees that are involved that you won't find at other lenders who might have a higher rate.
- $10/$35 redraw fees
- $10 document fee (per document)
- $350/$1000 switch fee
- $35/$50 arrears fee
- valuation fee
