Featured Rate
Owner-Occupied (1 Year)
To be eligible for this rate, a credit of $1500 a month must be deposited into a MOVE Bank transaction account.
A fixed rate loan designed to offer excellent features
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Product Features:
Home Loans |
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| Minimum Loan Amount : | $100,000 |
| Maximum Loan Amount : | $3,000,000 |
| Maximum Loan to Valuation Ratio (LVR) : | 80% for P&I loans or 80% for IO loans |
| Maximum LVR with LMI : | 95% for Owner-Occupied Loans and 90% for Investment |
| Maximum Loan Term : | 30 years |
| Interest Type : | Fixed - 1, 2, 3 and 5 years |
| Repayment Type : | Principal and Interest. Interest Only available for investment loans |
| Interest Only Available : | Yes, Interest Only available for investment loans only |
| Repayment Frequency : | Monthly |
| Offset Account : | No |
| Additional Repayments Accepted : | Yes |
| Redraw Facility : | Yes |
| Establishment Fee : | $600 |
| Annual Package Fee : | $0 |
| Rate Lock Option : | Yes |
| Discharge Fee : | $350 |
| Available for Bridging : | No |
| Split Fee : | $50 |
| Available for Construction : | Yes |
| Owner-occupied | Interest rate | Comparison rate |
| Everyday Fixed Home Loan (Maximum LVR 95%) | ||
| 1 year fixed | 5.89% p.a. | 6.03% p.a. |
| 2 year fixed | 5.84% p.a. | 6.01% p.a. |
| 3 year fixed | 5.79% p.a. | 5.98% p.a. |
| 4 year fixed | 5.94% p.a. | 6.02% p.a. |
Interest Only available for Owner-Occupier construction loans for a maximum of 12 months3.
| Investment | Interest rate | Comparison rate |
| Everyday Fixed Home Loan (Maximum LVR 90%) | ||
| 1 year fixed | 6.19% p.a. | 6.33% p.a. |
| 2 year fixed | 6.14% p.a. | 6.31% p.a. |
| 3 year fixed | 6.09% p.a. | 6.28% p.a. |
| 5 year fixed | 6.24% p.a. | 6.32% p.a. |
Interest Only available for Investment loans for a maximum of 5 years3. A premium of 0.20% is added to the applicable rate noted above.
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Important Information:
Loans are issued by Railways Credit Union Limited trading as MOVE Bank ABN 91 087 651 090. AFSL/ Australian credit licence 234536. Available only for new lending to MOVE Bank, excludes internal refinance. Loans Rates current are subject to change. All rates quoted are per annum. Suitability and assessment criteria, fees, charges, terms and conditions apply.
*Insurance is issued by Insurance Australia Limited ABN 11 000 016 722 AFSL 227681 trading as CGU Insurance. Consider the relevant PDS available in branch or online to see if a product is right for you.
Footnotes:
- 1 Reverts to Owner Occupied or Investment Everyday Home Loan Variable <80% Rate. Minimum loan amount $100,000.
- 2 Comparison rate is based on a secured loan of $150,000 for a term of 25 years. 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. Fees and charges apply. Rates quoted are correct as stated and are subject to change without further notice. All rates quoted are per annum. All applications are subject to MOVE’s standard credit assessment and eligibility criteria.
- 3 Alternate interest rate and LVR conditions apply to Interest Only loans. LMI may be required for loans over 80% LVR. Details are available upon application.
- 4 Additional repayments can be made up to a limit of $10,000 per fixed rate term
- 5 Establishment fee includes one standard valuation up to $205.
- 6 The split fee is charged for each split on the application.
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Railways Credit Union Limited trading as MOVE Bank | ABN 91 087 651 090 | AFSL/Australian credit licence 234 536 | BSB 724 100 | Swift code WPACAU2S