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Sydney Mutual Bank Special Fixed Home Loan

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The Special Fixed Home Loan from Sydney Mutual Bank offers competitive fixed rates for owner-occupiers and investors.

Sydney Mutual Bank's Special Fixed Home Loan is available for both owner-occupiers and investors. The loan is also available for a deposit as small as 5% of your property's value. This makes it an option for borrowers with low deposits.

Interest Rate Max Insured LVR Max LVR
2 Year (Investor, IO)
2.73% p.a.
Comparison Rate
3.51% p.a.
95% 80%
2 Year (Investor, P&I)
2.53% p.a.
Comparison Rate
3.37% p.a.
95% 80%
2 Year (Owner Occupier, P&I)
2.28% p.a.
Comparison Rate
2.91% p.a.
95% 80%
3 Year (Investor, IO)
2.73% p.a.
Comparison Rate
3.47% p.a.
95% 80%
3 Year (Investor, P&I)
2.53% p.a.
Comparison Rate
3.29% p.a.
95% 80%
3 Year (Owner Occupier, P&I)
2.28% p.a.
Comparison Rate
2.86% p.a.
95% 80%
Product NameSydney Mutual Bank Special Fixed Home Loan
Interest Rate TypeFixed
Comp Rate^ (p.a.)
Minimum Loan Amount$100,000
Maximum Loan Amount$10,000,000
Minimum Loan Term1 year
Maximum Loan Term30 years
Maximum LVR80%
Maximum Insured LVR95%
Mortgage Offset AccountNo
Mortgage 100% OffsetNo
Loan Redraw FacilityYes
Split Loan FacilityYes
Loan PortableYes
Extra RepaymentYes
Repayment TypePrincipal & Interest and Interest Only Options
Application Fee$250
Lender's Legal FeeVariable
Valuation FeeVariable
Ongoing Fees$0 p.a.
Settlement FeeVariable
Discharge Fee$180

Pros

  • Competitive rates
  • Limited extra repayments

Cons

  • The loan has several fees

What do I need to know about this loan?

The Sydney Mutual Bank Special Fixed Home Loan has a fixed interest rate for two or three years. After the fixed period ends, the rate reverts to a variable interest rate.

The loan has principal and interest repayments, but investors can also choose interest only repayments.

What are the features and benefits of the Sydney Mutual Bank Special Fixed Home Loan?

  • Loan amount. This loan has a minimum loan amount of $10,000,000 and a maximum loan amount of $100,000.
  • Loan to value ratio (minimum deposit). The maximum insured loan to value ratio on this loan is 95%. If your deposit is below 20% you may need to pay lenders mortgage insurance (LMI) as well.
  • Extra repayments. This loan allows you to make up to $20,000 in extra repayments during the fixed period.
  • More options. This loan lets you split your rate between fixed and variable and has a redraw facility.
  • Family support option. If you have a family member who can offer their own property as security, they can guarantee your Special Fixed Home Loan. This can help you get the loan with little or no deposit, while avoiding LMI.

What fees and charges come with this loan?

The Sydney Mutual Bank Special Fixed Home Loan only has several fees, so make sure you factor these into your comparison. Some of these fees will vary depending on your borrowing situation.

  • Application fee: $250. This fee is charged once, to cover the costs of processing your application.
  • Settlement fee: Variable. This one-off fee covers the cost of loan settlement.
  • Valuation fee: Variable. This fee covers the lender's cost to get your property valued.
  • Legal fee: Variable. This fee covers the lender's legal costs.
  • Discharge fee: $180. This fee is only charged when you exit the loan.

How do I apply for this loan?

If you are interested in the Special Fixed Home Loan from Sydney Mutual Bank, or you want to learn more, click the green button and leave your details. A lending specialist from Sydney Mutual Bank will get in touch to help you take the next step.

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Sydney Mutual Bank Special Fixed Home Loan

  • Interest Rate

    N/A

  • Comparison Rate

    N/A

  • App Fee / Annual Service Fee

    $250 / $0

  • Max LVR

    80%

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