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Finder Awards 2020 Best Investor Home Loan – P&I – Variable

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This investment loan from Freedom Lend has a consistently low variable interest rate, no fees and a 100% offset account, making it a strong and flexible loan all round.

Finalists:

Methodology: Best Investor Home Loan - P&I - Variable

Here's how our expert analysts assessed the Best Investor Home Loan - P&I - Variable category to pick the 2020 winner.

Selection and scoring

Products were selected from the broader market that met these criteria:

  • 80% loan-to-value ratio available
  • Principal and interest, variable
  • Interest rate between 2% and 5%

Scores were awarded out of 10 for each product metric, based on how each metric compares to the other products in a given category.

Scores for each metric were then weighted:

  • Interest rate: 80%
  • Total fees: 10% including application fees, service fees, settlement fees, valuation fees, legal fees, exit fees
  • Offset account: 10%

Tiebreakers were ranked by the lowest interest rate in Q4.

Availability criteria

Product must be available at the time of award announcement.
Products were analysed and compared to the market on the following dates:

  • 1/9/19 (Q1)
  • 1/12/19 (Q2)
  • 29/2/20 (Q3)
  • 32/5/20 (Q4)

Products must have been in the market for at least two of the four quarters, including the most recent quarter.
Quarters were weighted as follows unless otherwise stated (with Q4 being the most recent quarter):

  • Q4: 50% of final score
  • Q3: 25% of final score
  • Q2: 12.5% of final score
  • Q1: 12.5% of final score

For products only available in three quarters, the weighting is as follows:

  • Q4: 50% of final score
  • Q3: 35% of final score
  • Q2: 15% of final score

For products only available in two quarters, the weighting is as follows:

  • Q4: 60% of final score
  • Q3: 40% of final score

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