The Beyond Bank Total Home Loan Package for investment offers investors a full-featured and flexible package home loan.
The Beyond Bank Total Home Loan Package New Money Offer (Investment) comes with a competitive variable rate, package discounts and flexible features like a 100% offset account, free redraw and a split facility.
| Product Name | Beyond Bank Total Home Loan Package New Money Offer (Investment) |
|---|---|
| Interest Rate Type | Variable |
| Interest Rate (p.a.) | 4.09% |
| Comp Rate^ (p.a.) | 4.49% |
| Minimum Loan Amount | $50,000 |
| Maximum Loan Amount | $2,000,000 |
| Minimum Loan Term | 1 year |
| Maximum Loan Term | 30 years |
| Maximum LVR | 80% |
| Maximum Insured LVR | 90% |
| Mortgage Offset Account | Yes |
| Mortgage 100% Offset | Yes |
| Loan Redraw Facility | Yes |
| Split Loan Facility | Yes |
| Fixed Interest Option | No |
| Loan Portable | Yes |
| Suitable for Investment | Yes |
| Extra Repayment | Yes |
| Available as equity loan/line of credit | No |
| Repayment Type | Interest Only |
| Application Fee | $0 |
|---|---|
| Lender's Legal Fee | $0 |
| Valuation Fee | At cost |
| Ongoing Fees | $395 p.a. |
| Settlement Fee | $0 |
| Discharge Fee | $350 |
Pros
- 100% offset account
- A flexible package loan
Cons
- A $395 fee applies
- A $350 fee applies
What do I need to know about this loan?
The Beyond Bank Total Home Loan Package New Money Offer (Investment) is available to investors and allows you to borrow up to 90% of the value of the property you're buying.
What are the features and benefits of the Beyond Bank Total Home Loan Package New Money Offer (Investment)?
- Loan amount and loan-to-value ratio (LVR). This loan has a minimum borrowing amount of and a maximum borrowing amount of $2,000,000. The loan has a maximum loan-to-value ratio (LVR) of 90%, so you'll only need a 10% deposit. However, be aware that borrowing more than 80% will incur a lenders mortgage insurance (LMI) premium.
- Repayment flexibility. The Beyond Bank Total Home Loan Package New Money Offer (Investment) allows you to repay your home loan weekly, fortnightly or monthly to suit your pay and lifestyle. You can also make as many extra repayments as you like without penalty.
- Package benefits. In exchange for the annual package fee, the Beyond Bank Total Home Loan Package waives the establishment fee. It also offers free everyday banking and Beyond Bank's Low Rate Credit Card.
- 100% offset. The Beyond Bank Total Home Loan Package New Money Offer (Investment) comes with a 100% offset account, which can save you some serious money in interest charges. The linked account offsets the amount on which your home loan interest is calculated by the funds in your account.
- Free redraw. This home loan offers free redraw, so if you've made extra repayments, you can withdraw the funds via online banking. There is no fee for redrawing, but there is a minimum redraw amount.
- Split facility. You can split the Beyond Bank Total Home Loan Package New Money Offer (Investment) to take advantage of both a variable and fixed rate.
What fees and charges come with this loan?
- Package fee: $395. This administrative fee is charged annually in exchange for the fee waivers, discounts and package benefits that come with the home loan.
- Discharge fee: $350. The discharge fee applies when you close your home loan account.
How do I apply for this loan?
If you've compared your options and believe the Beyond Bank Total Home Loan Package New Money Offer (Investment) is right for you, click the button below to be taken to Beyond Bank's website. There, you'll be walked through the steps to apply.
