Online Home Loans Flexi Choice Prime Variable

A low variable rate home loan that doesn't require genuine savings.

If you've been gifted a deposit, the Online Home Loans Flexi Choice Prime Variable could be the home loan for you. It accepts borrowers without genuine savings, and offers a 100% offset account and a redraw facility.

Interest Rate Max Insured LVR Max LVR
Pro Pack LVR 80% to 90% (Investor, IO)
4.49% p.a.
Comparison Rate
4.86% p.a.
90% 80%
Pro Pack LVR 80% to 90% (Investor, P&I)
4.34% p.a.
Comparison Rate
4.71% p.a.
90% 80%
Pro Pack LVR 80% to 90% (Owner Occupier, P&I)
4.04% p.a.
Comparison Rate
4.42% p.a.
90% 80%
Pro Pack LVR over 90% (Investor, IO)
4.69% p.a.
Comparison Rate
5.05% p.a.
95% 80%
Pro Pack LVR over 90% (Investor, P&I)
4.54% p.a.
Comparison Rate
4.91% p.a.
95% 80%
Pro Pack LVR over 90% (Owner Occupier, P&I)
4.24% p.a.
Comparison Rate
4.61% p.a.
95% 80%
Pro Pack LVR up to 80% (Investor, IO)
4.29% p.a.
Comparison Rate
4.66% p.a.
80% 80%
Pro Pack LVR up to 80% (Investor, P&I)
4.14% p.a.
Comparison Rate
4.52% p.a.
80% 80%
Pro Pack LVR up to 80% (Owner Occupier, IO)
3.99% p.a.
Comparison Rate
4.73% p.a.
80% 80%
Pro Pack LVR up to 80% (Owner Occupier, P&I)
3.84% p.a.
Comparison Rate
4.22% p.a.
80% 80%
Standard LVR 80% to 90% (Investor, IO)
4.59% p.a.
Comparison Rate
4.62% p.a.
90% 80%
Standard LVR 80% to 90% (Investor, P&I)
4.44% p.a.
Comparison Rate
4.47% p.a.
90% 80%
Standard LVR 80% to 90% (Owner Occupier, P&I)
4.14% p.a.
Comparison Rate
4.18% p.a.
90% 80%
Standard LVR over 90% (Investor, IO)
4.79% p.a.
Comparison Rate
4.82% p.a.
95% 80%
Standard LVR over 90% (Investor, P&I)
4.64% p.a.
Comparison Rate
4.67% p.a.
95% 80%
Standard LVR over 90% (Owner Occupier, P&I)
4.34% p.a.
Comparison Rate
4.37% p.a.
95% 80%
Standard LVR up to 80% (Investor, IO)
4.39% p.a.
Comparison Rate
4.42% p.a.
80% 80%
Standard LVR up to 80% (Investor, P&I)
4.24% p.a.
Comparison Rate
4.27% p.a.
80% 80%
Standard LVR up to 80% (Owner Occupier, IO)
4.09% p.a.
Comparison Rate
4.13% p.a.
80% 80%
Standard LVR up to 80% (Owner Occupier, P&I)
3.94% p.a.
Comparison Rate
3.98% p.a.
80% 80%
Product NameOnline Home Loans Flexi Choice Prime
Interest Rate TypeVariable
Comp Rate^ (p.a.)
Minimum Loan Amount$50,000
Maximum Loan Amount$2,000,000
Minimum Loan Term15 years
Maximum Loan Term30 years
Maximum LVR80%
Maximum Insured LVR95%
Mortgage Offset AccountYes
Mortgage 100% OffsetYes
Loan Redraw FacilityYes
Split Loan FacilityYes
Loan PortableYes
Suitable for InvestmentYes
Extra RepaymentYes
Repayment TypePrincipal & Interest and Interest Only Options
Application Fee$345
Valuation Fee$330
Ongoing Fees$0 p.a.
Discharge Fee$0
Early Termination Fee$608

Pros

  • No ongoing fees
  • 100% offset account

Cons

  • A $345 application fee applies

What do I need to know about this loan?

The Online Home Loans Flexi Choice Prime Variable is available to owner-occupiers and investors for the purchase of a property. It's not available for construction.

What are the features and benefits of the Online Home Loans Flexi Choice Prime Variable?

  • Loan amount. The Online Home Loans Flexi Choice Prime Variable has a minimum borrowing amount of $50,000 and a maximum borrowing amount of $2,000,000. It has a high maximum loan-to-value ratio of 95%, but be aware that borrowing above 80% will incur a lenders mortgage insurance premium.
  • No genuine savings option. If you've been gifted a deposit or plan to use a first home owners grant as part of your deposit, the Online Home Loans Flexi Choice Prime Variable doesn't require proof of genuine savings. By comparison, most other home loans require at least 5% genuine savings.
  • Flexible repayments. The Online Home Loans Flexi Choice Prime Variable allows unlimited additional repayments without penalty. You can make your repayments weekly, fortnightly or monthly to suit your pay cycle.
  • Redraw account. You can withdraw any extra funds you've deposited using the loan's redraw facility. There is a minimum redraw amount of $100 and a $26 fee for making redraws.
  • 100% offset account. You can save on home loan interest by using the loan's linked 100% offset account.

What fees and charges come with this loan?

  • Application fee: $345. This fee only applies to the Pro Pack option for this loan.

How do I apply for this loan?

If you think the Online Home Loans Flexi Choice Prime Variable is the right home loan for you, click the green button. You'll be asked to fill out a brief form, after which you'll be contacted by an Online Home Loans representative who will walk you through the application process.

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Online Home Loans Flexi Choice Prime

  • Interest Rate

    N/A

  • Comparison Rate

    N/A

  • App Fee / Annual Service Fee

    $345 / $0

  • Max LVR

    80%

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