Bank Beater Home Loan

Bank-Beater--v13
With an incredibly low 3.97% p.a. variable rate, beaten down even further by 0.05% p.a. after 5 years, the Bank Beater Home Loan keeps your mortgage repayments low for the life of the loan.

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Obligation Free
Simple 3 step application
Select a call back time
A qualified consultant will call you
apply now

Low 3.97% p.a. | 3.4.00%* cr
Bonus 0.05% Rate Cut after 5 years
100% Offset Account
$0 Application Fee

Featured On TV

The Bank Beater Home Loan has been featured on TV as one of the lowest variable rate home loans in the country on programs including Channel 7’s The Morning Show, Channel 7’s Sunrise, Channel 9 National News and; WIN News.

Plus, the Bank Beater Home Loan was awarded a Highly Commended honour as a finalist for the Financial Review Smart Investor Blue Ribbon Awards 2011 for Variable Rate Home Loan.

    Bank Beater Home Loan – Key Features:

    Interest Rate: OWNER OCCUPIED RATES
    < 80%                LVR: 3.77% p.a. – Comparison rate 4.00% p.a.
    > 80% to < 90% LVR: 3.97% p.a. – Comparison rate 4.20% p.a.
    > 90%                LVR: 4.17% p.a. – Comparison rate 4.40% p.a.
    (Includes Bonus Rate Drop of 0.05% p.a. after 5 years )INVESTMENT RATES
    < 80%                 LVR: 4.43% p.a. – Comparison rate 4.46% p.a.
    > 80% to < 90%  LVR: 4.78% p.a. – Comparison rate 4.81% p.a.
    > 90%                 LVR: 4.77% p.a. – Comparison rate 4.99% p.a.
    Bonus Rate Cut: 0.05% p.a. rate cut applied after 5 years
    How much can I borrow? Up to 90% of the property value
    Redraw:
    100% Offset Account:
    Line of Credit Option:
    Online Banking:
    Phone Banking:
    Interest Only Option: 1 – 10 years
    Dynamic Repayments: Available for variable P & I only
    Direct Debits / Credits:
    BPay:
    Internal Portion Transfer:
    Inward Deposit Book Payments:
    Outward Cheques
    (with Line of Credit split):


    Request a Call Back

    Complete our short call back request form, select a time and day that suits you and a qualified home loan consultant will contact you to discuss your options.

    request a call back

     

    Apply For Pre-Approval

    Complete our simple 3 step online application
    select a call back time and day that suits you
    A qualified consultant will call you obligation free

    apply now

    Bank Beater Home Loan – General Features:Purpose:Purchase / Refinance / Debt Consolidation / Limited Cash Out / Investment / NRAS approved

    Loan Amount: $250,000 – $1,000,000
    $1,000,000 – $4,000,000 option for multiple properties (different conditions and rates apply, contact us for more info)
    Loan Term: 15 – 30 years
    Available For: Owner-Occupied Property (purchase of home) | Investment Property
    Minimum Portion Amount: $10,000
    Interest Payments: Interest calculated daily and charged to the account monthly
    Repayment Options: Direct Debit, Salary Credit, Deposit Book (additional charges may apply).
    Dynamic Repayment is available (after any Interest Only period has expired).
    Repayment Options: Principal and Interest, Interest Only
    Frequency: Weekly, Fortnightly, Monthly
    Repayment Frequency: Weekly, Fortnightly, Monthly
    Additional Statements: Available upon request or online
    Statement Frequency: Usually end June and December however monthly if an access card is issued
    Eligibility: PAYG or Self Employed (with full documentation)

    Request a Call Back

    Complete our short call back request form, select a time and day that suits you and a qualified home loan consultant will contact you to discuss your options.

    request a call back

    Apply For Pre-Approval

    Complete our simple 3 step online application
    select a call back time and day that suits you
    A qualified consultant will call you obligation free

    apply now

    Save Up To $935.00 on ~Set Up Costs!

    Apply for a Bank Beater Home Loan and you’ll save up to $935.00 on the ~set up costs.

    Fees & Freebies

    Application Fee: $330 – We’ll pay this for you
    Valuation Fee: We’ll refund up to $330 for loans that proceed to settlement
    Lenders Basic Legal Fees: $275 – We’ll pay this for you
    Other Fees: Other government and legal fees may be payable, contact us for details
    Online Redraw: FREE
    Getting our Consultants to do your paperwork: FREE
    Annual Fee: $345
    Lenders Mortgage Insurance: Paid by the borrower when LVR is over 80%. Can be added to the loan above the max LVR of 90%.
    Title Insurance Fees: Loans under $600,000 = from $132; higher for larger loan amounts


    Request a Call Back

    Complete our short call back request form, select a time and day that suits you and a qualified home loan consultant will contact you to discuss your options.

    request a call back

    Apply For Pre-Approval

    Complete our simple 3 step online application
    select a call back time and day that suits you
    A qualified consultant will call you obligation free

    apply now


    Financing From The Illawarra Since 1989

    The care and service you’ll get as an Illawarra Home Loans customer is backed by over 20 years experience from directors David Underhill and Martin Anstee who have been helping people in the Illawarra and beyond with their finances since 1989.

    We’re Backed By The RMBS Program

    lllawarra home loans funding is supported by the Australian Government $16 billion RMBS program which gives us the flexibility of the big blokes with the care, experience and attention that you deserve.


    *Comparison rates for an amount of $150,000 over 25 years. Conditions fees and charges apply to all loans. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. ~Set up costs refer to the application fee, valuation fee up to $330 (refunded only if loan proceeds to settlement) and lenders basic legal fees. The above information is a guide only. Any loan application made is subject to formal consideration at the discretion of the lender and Lenders Mortgage Insurer and no approval is implied from the above information. Other fees, terms and conditions may apply. Correct as at 7th October 2015.

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