Aussie Optimizer Variable Rate Home Loan

Rates and Fees verified correct on December 4th, 2016

Pay your home loan off sooner without the extra features you don't need

The Aussie Optimiser Variable Rate Home Loan offers a competitive variable interest rate as well as account management fee. If you are borrowing over $350,000 then you may want to consider this loan.

Key features of the Aussie Optimizer Variable Rate Home Loan

Interest Rate Max Insured LVR Max LVR
<$750k LVR <= 80% (Investor + I/O)
4.34% p.a.
Comparison Rate
4.35% p.a.
80% 80%
<$750k LVR <= 80% (Investor + P&I)
4.14% p.a.
Comparison Rate
4.15% p.a.
80% 80%
<$750k LVR <= 80% (Owner Occupier + I/O)
4.09% p.a.
Comparison Rate
4.10% p.a.
80% 80%
<$750k LVR <= 80% (Owner Occupier + P&I)
3.86% p.a.
Comparison Rate
3.87% p.a.
80% 80%
<$750k LVR >90% (Owner Occupier + P&I )
4.19% p.a.
Comparison Rate
4.20% p.a.
95% 90%
<$750k LVR 80.01% to 90% (Investor + I/O)
4.49% p.a.
Comparison Rate
4.50% p.a.
90% 80.01%
<$750k LVR 80.01% to 90% (Investor + P&I)
4.34% p.a.
Comparison Rate
4.35% p.a.
90% 80.01%
<$750k LVR 80.01% to 90% (Owner Occupier + P&I)
4.09% p.a.
Comparison Rate
4.10% p.a.
90% 80.01%
$750k+ LVR <= 80% (Investor + I/O)
4.29% p.a.
Comparison Rate
4.30% p.a.
80% 80%
$750k+ LVR <= 80% (Investor + P&I)
4.09% p.a.
Comparison Rate
4.10% p.a.
80% 80%
$750k+ LVR <= 80% (Owner Occupier + I/O)
4.04% p.a.
Comparison Rate
4.05% p.a.
80% 80%
$750k+ LVR <= 80% (Owner Occupier + P&I)
3.81% p.a.
Comparison Rate
3.82% p.a.
80% 80%
$750k+ LVR 80.01% to 90% (Investor + I/O)
4.44% p.a.
Comparison Rate
4.45% p.a.
90% 80.01%
$750k+ LVR 80.01% to 90% (Investor + P&I)
4.29% p.a.
Comparison Rate
4.30% p.a.
90% 80.01%
$750k+ LVR 80.01% to 90% (Owner Occupier + P&I)
4.04% p.a.
Comparison Rate
4.05% p.a.
90% 80.01%
Product NameAussie Optimizer Variable Rate
Interest Rate TypeVariable
Comp Rate^ (p.a.)
Minimum Loan Amount$350,000
Maximum Loan Amount$5,000,000
Minimum Loan Term5 years
Maximum Loan Term30 years
Maximum LVR80%
Maximum Insured LVR95%
Mortgage Offset AccountNo
Mortgage 100% OffsetNo
Loan Redraw FacilityYes
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableYes
Suitable for InvestmentYes
Extra RepaymentYes
Available as equity loan/line of creditNo
Repayment TypePrincipal & Interest and Interest Only Options
Application Fee$0
Lender's Legal Fee$363
Valuation Fee$0
Ongoing Fees$0 p.a.
Settlement Fee$100
Discharge Fee$400
Early Termination Fee$0

Pros

  • There is $0 application fee
  • There is $0 monthly fee to pay
  • You can make extra payments without penalty
  • You can withdraw excess funds from the mortgage with the redraw facility (minimum redraw amount applies)

Cons

  • There is a settlement fee of $100
  • A $400 discharge fee applies when you close your home loan account
  • Minimum loan size is $350000

Things to consider about the Aussie Optimizer Variable Rate Home Loan

The Aussie Optimizer Variable Rate Home Loan is an option for any individual looking for a residential property. It has flexible interest rates and loan options available in order to cater for any individual.

It's only available for residential properties and is available as a high documentation loan. If you’re looking for a low documentation option, then Aussie recommends that you contact an Aussie Mortgage Broker to look at circumstances.


Features of the Aussie Optimizer Variable Rate Home Loan

  • Easy access to loan. You can access your account via internet, telephone and B-Pay
  • Flexible repayment options. Change to a fixed interest rate at any time with no additional costs, choose to repay monthly or fortnightly. You can also have interest-only repayments for a maximum of 5 years or principal and interest repayments. Have the option of paying by direct salary, direct debit and optional additional payments made anytime free of charge.
  • Redraw facility. This facility simply let's you access the additional funds you repay on your loan whenever you need it. Have the flexibility to withdraw your extra repayments for when you need to fund at unexpected times. $1,000 redraw minimum for automatic self-help transaction through use of website.
  • Discounted variable rates. These are subject to the LVR - the lower the LVR the higher the discount.
  • Split your loan. This feature is free of charge and at anytime, but with a maximum of 2 splits prior to settlement and a maximum of 6 in total. This simply means you can apply for a fixed rate on a part of your loan. No charges will be levied if done before settlement.
  • Loan portability. Loan portability allows you to bring your loan with you if you sell your property and buy a new one - saving you the costs of applying for a new loan. Loan variations may be opted for, but are subject to approval and only up to 6 months after settlement. After settlement, another loan may be applied for to the original loan amount.

Fees

Fees you can avoid
  • Application fees. $0.
  • Valuation fees. $0 charges for 1st valuation, thereafter $300
  • Additional statements. $15 is charged only if you need additional statements.
  • Redraw fee. $0 online, or $50 when applying through the customer service team.
  • Split fee. $300 charges when wanting to split the loan after settlement and after maximum amount of splits have been utilised.
  • Discharge fee. $400.
Fees you can’t avoid
  • Settlement fee. $100 loan settlement fee
  • Solicitors fees to be advised

Calculate your repayments by filling in some of your details

How to apply

If you think the Aussie Optimizer Variable Rate Home Loan is for you then clicking ‘Go to Site’ will safely redirect you to Aussie, where you can request a free appointment with an Aussie Mortgage Broker.


Enquire about this home loan

Aussie Optimizer Variable Rate Home Loan Interest Rate History vs RBA Cash Rate Graph


Enquire about this home loan
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This page was last modified on 29 July 2015 at 21:52.

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Aussie Optimizer Variable Rate

  • Interest Rate

    N/A

  • Comparison Rate

    N/A

  • App Fee / Annual Service Fee

    $0 / $0

  • Max LVR

    80%

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