First home buyers can get 1, 2 or 3 year fixed rates and only need a 5% deposit.
Beyond Bank's First Home Buyers Total Home Loan Package offers discounted rates and is available with a 5% deposit. You can make extra repayments and it has free online redraw.
There is an annual package fee of $395.
|Product Name||Beyond Bank First Home Buyers Total Home Loan Package Fixed Rate Home Loan|
|Interest Rate Type||Fixed|
|Comp Rate^ (p.a.)|
|Minimum Loan Amount||$50,000|
|Maximum Loan Amount||$2,000,000|
|Minimum Loan Term||5 years|
|Maximum Loan Term||30 years|
|Maximum Insured LVR||95%|
|Mortgage Offset Account||No|
|Mortgage 100% Offset||No|
|Loan Redraw Facility||Yes|
|Split Loan Facility||Yes|
|Fixed Interest Option||Yes|
|Repayment Type||Principal & Interest|
|Lender's Legal Fee||At Cost|
|Valuation Fee||At Cost|
|Ongoing Fees||$395 p.a.|
- Available with a low deposit
- Free online redraw
- Flexible repayments
- There is a $395 annual package fee
- There is a $350 discharge fee
What do I need to know about this loan?
This loan has principal-and-interest repayments and fixed rates, plus a maximum insured LVR of 95%. You can get this loan with a 5% deposit, but you may have to pay lenders mortgage insurance.
What are the features and benefits of the Beyond Bank First Home Buyers Total Home Loan Package loan?
- Loan amount. You can borrow up to $2,000,000 with this loan.
- Purpose. This mortgage is for people buying their first home.
- Repayment flexibility. You can repay this loan monthly, weekly or fortnightly. You can also make extra repayments up to $25,000 a year.
- Redraw. This loan also has a redraw facility with unlimited free online redraw. You will need to redraw a minimum of $500.
What fees and charges come with this loan?
The Beyond Bank First Home Buyers Total Home Loan Package comes with an annual package fee and a few other fees to watch out for.
- Service fee: $395. This package fee is charged annually.
- Discharge fee: $350. You pay a discharge fee when you end the home loan, either by repaying it or refinancing to another lender.
- Switching fee: $395. You pay this fee when changing from one Beyond Bank home loan to another.
- Legal and valuation fees: The legal and valuation expenses are charged at cost and will vary by property.
How do I apply for this loan?
To apply for this product or to get more information, click the green "Go to site" button and leave your details on Beyond Bank's website. A Beyond Bank lending specialist will get in touch and talk you through eligibility requirements and help you with your application.