May’s cheapest investor loans
Investors are back on the menu for lenders as regulations ease.
APRA has officially lifted the 10% cap it put on investment lending in 2014.
The banking regulator placed the cap on lending to investors over concerns that bank home loan portfolios were growing too risky. But in April, APRA chairman Wayne Byres said the speed limit would be lifted as lenders had brought their new investment loans below the cap.
"The temporary benchmark on investor loan growth has served its purpose. Lending growth has moderated, standards have been lifted and oversight has improved," Byres said.
As investment lending ramps back up, lenders are sharpening their rates to entice property investors back to the market. We’ve scoured our database to bring you the cheapest investor home loans available through finder.com.au. To make sure that the loans we chose would help the average investor, we used the following criteria:
- All loans have a minimum loan amount no greater than $250,000 and a maximum loan amount of $500,000 or higher.
- All loans require a 20% deposit, while some need even less (though you'll have to pay lenders mortgage insurance).
- All loans are for investment purposes and exclude line of credit and construction loans.
Product information for all these loans is correct as of 2 May 2018.
You can check out the loans in the table below.*Our cheapest investment home loans round-up is a monthly regular article that features the cheapest loans in finder's database. The rates and other information in this page are correct at the time of publication and are subject to change. There may be cheaper loans on the market than the ones listed here. The home loans in the table above were taken from finder.com.au's database on 2 May 2018.