Crown Money Management Rate Reducer Home Loan Review

Rates and Fees verified correct on October 25th, 2016

With a competitive interest rate and a long list of flexible features, the Crown Rate Reducer home loan is worth considering.

If you’re looking for a home loan that combines a competitive variable rate with an offset account and a free redraw facility, the Rate Reducer home loan from Crown Money Management could be an ideal solution. Available for owner-occupier and investment purchases, the Crown Rate Reducer offers a discount off the standard variable rate and it also allows you to borrow up to 80% of the property purchase price.

Important information about this loan

There are multiple eligibility requirements for this loan. You must have an owner-occupier and investment loan to package together to access owner occupier rates from 2% p.a.

This loan also has some tax implications so be sure to speak to an accountant.

Product NameCrown Rate Reducer Home Loan
Interest Rate TypeVariable
Interest Rate (p.a.)2.00%
Comp Rate^ (p.a.)2.56%
Minimum Loan Amount$300,000
Maximum Loan Amount$1,000,000
Maximum Loan Term30 years
Maximum LVR80%
Maximum Insured LVR80%
Mortgage Offset AccountYes
Mortgage 100% OffsetYes
Loan Redraw FacilityYes
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableYes
Suitable for InvestmentYes
Extra RepaymentYes
Available as equity loan/line of creditNo
Repayment TypePrincipal & Interest

Application Fee$660
Lender's Legal Fee$400
Valuation Fee$302.50
Ongoing Fees$395 p.a.
Discharge Fee$535


  • 100% offset account attached.
  • Fee free extra repayments and redraw available.
  • Split loan option.


  • Application fee of $660.
  • $395 annual service fee.
  • Discharge fee of $535 when you close your loan.

Things to consider about the Crown Rate Reducer

The Crown Rate Reducer is available for loans of up to $1,000,000, but it’s also possible to take advantage of the Rate Reducer interest rate discount across multiple loans that qualify (up to a maximum total of $2.5 million of loans per customer). Suitable for residential loans only, the Crown Rate Reducer can be used to purchase an owner-occupied home or to finance an investment purchase.

Standout features of the loan include a 100% offset account to minimise interest repayments, the ability to make extra payments to pay down your loan ahead of schedule, and a free redraw facility so you can access the additional funds you pay towards your loan.

Features of the Crown Rate Reducer

  • Loan amount. The Crown Rate Reducer is available for loan amounts of between $300,000 and $1,000,000.
  • Maximum loan-to-value ratio (LVR). The loan allows you to borrow up to 80% of the property’s purchase price, but if you borrow more than 80% LVR you will also need to pay for lender’s mortgage insurance.
  • Repayments. Repayments towards your Crown Rate Reducer home loan can be made weekly, fortnightly or monthly. Extra payments can also be made without incurring a penalty, allowing you to pay your debt off quicker.
  • Redraw facility. The Crown Rate Reducer features a free redraw facility when you need to access the funds you have paid towards your loan. Redraws can be made via phone or email.
  • Offset account. A 100% offset account is included with the Crown Rate Reducer home loan package to allow you to minimise your interest repayments.
  • Loan split. The Crown Rate Reducer features a loan split option if you would also like to take advantage of the benefits of a fixed interest rate.


  • Application fee: $660. This fee covers the administrative costs associated with establishing your loan.
  • Legal fee: $400. This fee covers the legal costs Crown Money Management incurs when setting up your loan.
  • Valuation fee: $302.50. This fee covers the cost of having your property professionally valued.
  • Annual service fee: $395. To access the rate discount of the Crown Rate Reducer, you’ll need to pay this annual fee.
  • Discharge fee: $535. The exit fee is payable when you discharge your loan.

How to apply for the Crown Rate Reducer

If you’d like to find out more information about the features and benefits of the Crown Rate Reducer, click the “Go to site” link on this page to be redirected to the Crown Money Management website. You can then get in touch with the lender via phone or email to determine whether the Crown Rate Reducer is the right home loan for you.

If you decide to apply for this loan, you’ll need to supply:

  • Your personal details. Your full name, address, phone number and proof of ID will be required.
  • Loan purpose. You will need to specify whether the loan will be used to buy an owner-occupied home or take control of your investment debt.
  • Details of your income. You’ll need payslips and tax returns to provide evidence of your income and employment.
  • Details of your assets. Provide details of any assets you own, including savings, shares, and other property.
  • Details of your expenses. If you have other outstanding loans or credit card debt, detail these during your application.
  • Property details. You’ll need to provide the address of the property and the purchase price.

The Crown Rate Reducer is worth enquiring about if you’re in the market for a home loan with a competitive rate and a host of flexible features. Compare it with a range of other mortgages to find the best loan for your borrowing requirements.

Crown Money Management Rate Reducer Home Loan Review Interest Rate History vs RBA Cash Rate Graph

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This page was last modified on 13 July 2016 at 14:20.

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Crown Rate Reducer Home Loan

  • Interest Rate

    2% p.a.

  • Comparison Rate

    2.56% p.a.

  • App Fee / Annual Service Fee

    $660 / $395

  • Max LVR


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