Beyond Bank Total Home Loan Package New Money Offer (Investment) review

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 NameBeyond Bank Total Home Loan Package New Money Offer (Investment)
Interest Rate TypeVariable
Interest Rate (p.a.)4.19%
Comp Rate^ (p.a.)4.59%
Minimum Loan Amount$50,000
Maximum Loan Amount$2,000,000
Minimum Loan Term1 year
Maximum Loan Term30 years
Maximum LVR80%
Maximum Insured LVR90%
Mortgage Offset AccountYes
Mortgage 100% OffsetYes
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

Application Fee$0
Lender's Legal Fee$0
Valuation FeeAt 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.

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Beyond Bank Total Home Loan Package New Money Offer (Investment)

  • Interest Rate

    4.19% p.a.

  • Comparison Rate

    4.59% p.a.

  • App Fee / Annual Service Fee

    $0 / $395

  • Max LVR

    80%

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