Refinancers can score a competitive rate with this basic, low-cost home loan.
The loans.com.au Essentials Refinance Special offers a low rate and minimal fees to borrowers looking to refinance. It offers some basic features along with its competitive rate.
What do I need to know about this loan?
This loan is available for owner occupiers who are refinancing their home loan. The loans.com.au Essentials Refinance Special is a principal and interest loan.
What are the features and benefits of the loans.com.au Homebuyer Special (Essentials PI) loan?
- Owner occupier refinancers. This loan is only for owner occupiers who are refinancing their home loan.
- Loan-to-value ratio. The loans.com.au Homebuyer Special (Essentials PI) has a maximum LVR of 80%. This means you’ll need at least 20% of equity in your home in order to qualify for the loan.
- Free redraw. The loans.com.au Essentials Refinance Special allows you to access any additional repayments you’ve made via a free redraw facility.
- Flexible repayments. You can make monthly, fortnightly or weekly repayments. You can also make unlimited additional repayments.
What fees and charges come with this loan?
- Settlement fee: $300. This fee covers the cost of setting up your home loan.
- Discharge fee: $300. This fee is charged when you close your home loan account, either by repaying or refinancing your loan.
- Switching fee: $260. This fee is charged for switching from another loans.com.au product.
How do I apply for this loan?
If you're interested in the loans.com.au Homebuyer Special (Essentials PI) you can click the link below to be taken to the loans.com.au site. There, you'll be walked through the entire online application process.