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Mortgage House Blue Home Loan Prime (Essentials Special – PAYG) home loan

This variable rate loan has a very competitive rate for home buyers and refinancers with a 30% deposit.

Mortgage House's Blue Home Loan Prime (Essentials Special – PAYG) allows for extra repayments, split and redraw facilities. It has one of the market's lowest rates but you will need a larger deposit than average. This makes it a good option for refinancers. It is not available for investment.

Refinance cashback offer

For a limited time, Mortgage House will provide a cashback for refinancers switching to this loan. If you're on the first year of your loan you'll get the $600 application fee refunded. If you've had your loan for one to five years you'll get the $600 application fee plus $600. If you've had the loan more than five years you'll get the $600 fee plus $900 cashback. Other conditions may apply.

Product NameMortgage House Blue Home Loan Prime (Essentials Special - PAYG)
Interest Rate TypeVariable
Interest Rate (p.a.)2.89%
Comp Rate^ (p.a.)2.93%
Minimum Loan Amount$150,000
Maximum Loan Amount$1,000,000
Minimum Loan Term3 years
Maximum Loan Term40 years
Maximum LVR70%
Maximum Insured LVR70%
Loan Redraw FacilityYes
Split Loan FacilityYes
Extra RepaymentYes
Repayment TypePrincipal & Interest
Application Fee$600 (refundable)
Lender's Legal Fee$395
Valuation Feeup to $300 free
Ongoing Fees$0 p.a.
Settlement Fee$445
Discharge Fee$500


  • Low interest rate
  • Split and redraw options


  • Requires a 30% deposit
  • There is a $445 settlement fee

What do I need to know about this loan?

This loan has a principal and interest variable rate and a maximum insured LVR of 70%. You'll need a 30% deposit to qualify for this mortgage.

What are the features and benefits of the Mortgage House Blue Home Loan Prime (Essentials Special – PAYG) home loan?

  • Low variable rate. The loan comes with a very competitive interest rate for owner-occupiers.
  • Loan amount. You can borrow up to $1,000,000 with this loan.
  • Purpose. This product is available for owner-occupiers only.
  • Repayment types. This loan has principal and interest repayments only.
  • Repayment flexibility. This loan allows for extra repayments.

What fees and charges come with this loan?

The Mortgage House Blue Home Loan Prime (Essentials Special – PAYG) home loan comes with a few fees to be aware of.

  • Application fee: $600 (refundable). The application fee is refunded via cashback for refinance customers.
  • Legal fee: $395. This fee covers the legal costs of finalising your mortgage.
  • Discharge fee: $500. You pay a discharge fee when you end the home loan, either by repaying it or refinancing to another lender.
  • Settlement fee: $445. This fee is charged at settlement.
  • Valuation fee: up to $300 free. Valuations are free up to $300. If the valuation cost exceeds $300 you will have to pay the difference.

How do I apply for this loan?

To apply for this product or to get more information, click the green "Enquire now" button and leave your details in the form provided. Then a Mortgage House lending specialist will get in touch and talk you through eligibility requirements and help you with your application.

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Mortgage House Blue Home Loan Prime (Essentials Special - PAYG)

  • Interest Rate

    2.89% p.a.

  • Comparison Rate

    2.93% p.a.

  • App Fee / Annual Service Fee

    $600 (refundable) / $0

  • Max LVR


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