Hume Bank Intro Package – 2 Year Fixed Home Loan

Home buyers can get a special low rate for the first two years of their package loan.

Hume Bank's Intro Package - 2 Year Fixed (Owner Occupier P&I) Home Loan offers discounted rates and is available with a 5% deposit. It allows for flexible repayments and online redraws.

As a package loan, this product also offers discounts and fee waivers on insurance policies and a credit card.

Cashback offer for refinancers

For a limited time, if you refinance an eligible Hume Bank owner occupied home loan you can receive a $2,000 cashback. Your loan needs to be at least $200,000 in size. This offer is available until 30 November 2019.

Product NameHume Bank Intro Package - 2 Year Fixed (Owner Occupier P&I)
Interest Rate TypeFixed
Interest Rate (p.a.)2.88%
Comp Rate^ (p.a.)4.11%
Minimum Loan Amount$150,000
Maximum Loan Term30 years
Maximum LVR80%
Maximum Insured LVR95%
Mortgage Offset AccountNo
Mortgage 100% OffsetNo
Loan Redraw FacilityYes
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableYes
Suitable for InvestmentNo
Extra RepaymentYes
Available as equity loan/line of creditNo
Repayment TypePrincipal & Interest

Application Fee$0
Lender's Legal Fee$0
Valuation Fee$0
Ongoing Fees$375 p.a.
Settlement Fee$150
Discharge Fee$0 - $200

Pros

  • Borrow up to 95%
  • $0 application fee

Cons

  • There is a $375 annual fee
  • There is a $150 settlement fee

What do I need to know about this loan?

This loan has a principal-and-interest fixed rate and a maximum insured LVR of 95%. This means you only need a 5% deposit (but you may have to pay lenders mortgage insurance).

What are the features and benefits of the Hume Bank Intro Package - 2 Year Fixed (Owner Occupier P&I) Home Loan?

  • Low fixed rate. This is a very low interest rate, and it won't change for two years.
  • Purpose. This product is only available to owner-occupiers buying a home to live in or refinancing.
  • Package benefits. With this loan, you can avoid paying the application fee on a Hume Bank personal loan, the annual fee on a Hume Bank credit card and get a 10% discount on car and home and contents insurance (if you apply at the same time as the mortgage). You can also get a 100% offset account once the fixed period on the loan ends.
  • Repayment flexibility. You can repay this loan monthly, weekly or fortnightly. You can make extra repayments too.
  • Redraw. This loan also has a redraw facility with unlimited free online redraw.

What fees and charges come with this loan?

The Hume Bank Intro Package - 2 Year Fixed (Owner Occupier P&I) Home Loan has only a couple of fees, although one of them is charged annually.

  • Settlement fee: $150. This fee covers the cost of settlement.
  • Service fee: $375. This package fee is charged annually.
  • Discharge fee: $0 - $200. You pay a discharge fee when you end the home loan, either by repaying it or refinancing to another lender.

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 the Hume Bank website. A Hume Bank lending specialist will get in touch and talk you through eligibility requirements and help you with your application.

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Hume Bank Intro Package - 2 Year Fixed (Owner Occupier P&I)

  • Interest Rate

    2.88% p.a.

  • Comparison Rate

    4.11% p.a.

  • App Fee / Annual Service Fee

    $0 / $375

  • Max LVR

    80%

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