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Yellow Brick Road Empower Fixed Rate Home Loan

16 January 2018

The Yellow Brick Road Empower Fixed Rate Home Loan offers a low fixed rate along with the flexibility often missing from fixed rate products.

The Yellow Brick Road Empower Fixed Rate Home Loan offers a competitive fixed rate without sacrificing on flexibility. The loan carries no ongoing fees, and lets you lock in a low rate to ensure your repayments won't change over the fixed period.

	Interest Rate	Max Insured LVR	Max LVR
4 Year Fixed (Investor, P&I)	4.49% p.a. Comparison Rate 4.16% p.a.	95%	80%
3 Year Fixed (Investor, P&I)	4.29% p.a. Comparison Rate 4.07% p.a.	95%	80%
1 Year Fixed <70% (Owner Occupier IO)	4.09% p.a. Comparison Rate 4.23% p.a.	70%	70%
1 Year Fixed LVR Up to 95% (Investor, IO)	4.24% p.a. Comparison Rate 4.38% p.a.	95%	80%
1 Year Fixed LVR ≤ 80% (P&I)	4.09% p.a. Comparison Rate 4.18% p.a.	80%	80%
1 Year Fixed LVR ≤ 90% (P&I)	4.19% p.a. Comparison Rate 4.60% p.a.	90%	80%
1 Year Fixed (Investor, P&I)	3.99% p.a. Comparison Rate 3.99% p.a.	95%	80%
1 Year Fixed LVR ≤ 70% (Investor, IO)	4.24% p.a. Comparison Rate 4.38% p.a.	70%	70%
1 Year Fixed LVR up to 95% (Owner Occupier P&I)	4.28% p.a. Comparison Rate 4.25% p.a.	95%	80%
2 Year Fixed LVR ≤ 90% (P&I)	4.39% p.a. Comparison Rate 4.59% p.a.	90%	80%
2 Year Fixed LVR ≤ 80% (P&I)	4.29% p.a. Comparison Rate 4.21% p.a.	80%	80%
2 Year Fixed LVR Up to 95% (Investor, IO)	4.34% p.a. Comparison Rate 4.38% p.a.	95%	80%
2 Year Fixed (Investor, P&I)	4.19% p.a. Comparison Rate 4.03% p.a.	95%	80%
2 Years Fixed LVR up to 95% (Owner Occupier P&I)	4.29% p.a. Comparison Rate 4.26% p.a.	95%	80%
2 Year Fixed LVR ≤ 70% (Investor, IO)	4.34% p.a. Comparison Rate 4.38% p.a.	70%	70%
2 Years Fixed <70% (Owner Occupier IO)	4.29% p.a. Comparison Rate 4.25% p.a.	70%	70%
3 Year Fixed LVR ≤ 90% (P&I)	4.49% p.a. Comparison Rate 4.60% p.a.	90%	80%
3 Year Fixed LVR ≤ 70% (Investor, IO)	4.39% p.a. Comparison Rate 4.39% p.a.	70%	70%
3 Year Fixed LVR ≤ 80% (P&I)	4.39% p.a. Comparison Rate 4.24% p.a.	80%	80%
3 Year Fixed LVR Up to 95% (Investor, IO)	4.39% p.a. Comparison Rate 4.39% p.a.	95%	80%
3 Years Fixed <70% (Owner Occupier IO)	4.29% p.a. Comparison Rate 4.25% p.a.	70%	70%
3 Years Fixed LVR up to 95% (Owner Occupier P&I)	4.29% p.a. Comparison Rate 4.26% p.a.	95%	80%
4 Years Fixed <70% (Owner Occupier IO)	4.59% p.a. Comparison Rate 4.36% p.a.	70%	70%
4 Years Fixed LVR up to 95% (Owner Occupier P&I)	4.69% p.a. Comparison Rate 4.40% p.a.	95%	80%
4 Year Fixed LVR ≤ 70% (Investor, IO)	4.59% p.a. Comparison Rate 4.46% p.a.	70%	70%
4 Year Fixed LVR ≤ 80% (P&I)	4.59% p.a. Comparison Rate 4.33% p.a.	80%	80%
4 Year Fixed LVR Up to 95% (Investor, IO)	4.59% p.a. Comparison Rate 4.46% p.a.	95%	80%
4 Year Fixed LVR ≤ 90% (P&I)	4.69% p.a. Comparison Rate 4.66% p.a.	90%	80%
5 Year Fixed LVR ≤ 90% (P&I)	4.79% p.a. Comparison Rate 4.70% p.a.	90%	80%
5 Year Fixed LVR ≤ 80% (P&I)	4.69% p.a. Comparison Rate 4.40% p.a.	80%	80%
5 Year Fixed (Investor, P&I)	4.59% p.a. Comparison Rate 4.24% p.a.	95%	80%
5 Years Fixed LVR up to 95% (Owner Occupier P&I)	4.79% p.a. Comparison Rate 4.47% p.a.	95%	80%
5 Year Fixed LVR ≤ 70% (Investor, IO)	4.69% p.a. Comparison Rate 4.51% p.a.	70%	70%
5 Years Fixed <70% (Owner Occupier IO)	4.69% p.a. Comparison Rate 4.43% p.a.	70%	70%
5 Year Fixed LVR Up to 95% (Investor, IO)	4.69% p.a. Comparison Rate 4.51% p.a.	95%	80%

Product Name	Yellow Brick Road Empower Fixed Rate Home Loan
Interest Rate Type	Fixed
Comp Rate^ (p.a.)
Minimum Loan Amount	$100,000
Maximum Loan Amount	$5,000,000
Minimum Loan Term	1 year
Maximum Loan Term	30 years
Maximum LVR	80%
Maximum Insured LVR	95%
Mortgage Offset Account	No
Mortgage 100% Offset	No
Loan Redraw Facility	Yes
Split Loan Facility	Yes
Fixed Interest Option	Yes
Suitable for Investment	Yes
Extra Repayment	Yes
Available as equity loan/line of credit	No
Repayment Type	Principal & Interest and Interest Only Options

Application Fee	$0
Lender's Legal Fee	$300
Valuation Fee	$0
Ongoing Fees	$0 p.a.
Discharge Fee	$400

Pros

No application or ongoing fees.
A competitive interest rate.

Cons

A $400 discharge fee applies.
No offset account.

What do I need to know about this loan?

The Yellow Brick Road Empower Fixed Rate Home Loan is available to owner-occupiers to buy, build or renovate their home. The loan allows you to borrow with a small deposit, and even allows a family guarantee to save you from paying lenders mortgage insurance fees.

What are the features and benefits of the Yellow Brick Road Empower Home Loan - Fixed?

Loan amount and loan-to-value ratio (LVR). This loan has a minimum borrowing amount of and a maximum borrowing amount of $5,000,000. The loan has a maximum loan-to-value ratio (LVR) of 95%. While borrowing more than 80% will incur a lenders mortgage insurance (LMI) premium, the Yellow Brick Road Empower Fixed Rate Home Loan allows a family member to serve as guarantor, which could keep you from having to pay for LMI.
Extra repayments. The Yellow Brick Road Empower Fixed Rate Home Loan allows you to make us much as $10,000 per year in additional repayments without penalty.
Portability. The Yellow Brick Road Empower Fixed Rate Home Loan is portable, meaning that if you move home within the fixed rate term, your home loan can move with you. This could save you from having to pay break costs and other fees associated with refinancing.
Split facility. You can split the Yellow Brick Road Empower Fixed Rate Home Loan to take advantage of other Yellow Brick Road home loan products. You could split a portion of your loan to take advantage of one of Yellow Brick Road's variable rate products, giving you the certainty of a fixed rate along with the flexibility of a variable rate.

What fees and charges come with this loan?

Legal fee: $300. This fee covers the legal and administrative costs involved with establishing your home loan.
Discharge fee: $400. The discharge fee applies when you close your home loan account.

How do I apply for this loan?

If you've compared your options and believe the Yellow Brick Road Empower Fixed Rate Home Loan could suit your circumstances, click the button below to fill out a brief form, and a Yellow Brick Road home loan specialist will contact you to walk you through the application process.

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16 January 2018

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