Featured Rate

Owner-occupied (≤80% LVR) New Lending

Owner Occupied <80% LVR 6.14 % p.a. Interest rate 6.19 % p.a. Comparison rate

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Why choose this loan?

More reasons to choose MOVE Bank

How does an offset account work?

When it comes to managing your home loan, an offset account can be a powerful tool if used correctly.

The concept is simple yet powerful. The balance in the offset account is subtracted from the outstanding mortgage balance, reducing the amount on which interest is calculated.

Product Features:

Home Loans
Minimum Loan Amount : $100,000
Maximum Loan Amount : $3,000,000
Maximum Loan to Valuation Ratio (LVR) : 80% for Principal & Interest or 80% for Interest Only
Maximum LVR with LMI : 95% for Owner-Occupier or 90% for Investment
Maximum Loan Term : 30
Interest Type : Variable
Repayment Type : Principal & Interest or Interest Only
Interest Only Available : Yes, Interest Only available for Owner-Occupier construction loans (max 12 months) or Investment loans (max 5 years)
Repayment Frequency : Weekly, Fortnightly or Monthly
Offset Account : Yes
Additional Repayments Accepted : Yes
Redraw Facility : Yes
Establishment Fee : $600
Discharge Fee : $350
Available for Bridging : No
Split Fee : $50
Available for Construction : Yes
Owner-occupied Interest rate Comparison rate
Offset Variable Home Loan (Maximum LVR 95%)    
≤80% LVR   6.14% p.a.   6.19% p.a.
80.01% - 90% LVR   6.29% p.a.   6.34% p.a.
90.01% - 95% LVR   6.44% p.a.   6.49% p.a.

 

Interest Only available for Owner-Occupier construction loans for a maximum of 12 months2.

Investment Interest rate Comparison rate
Offset Variable Home Loan (Maximum LVR 90%)    
≤80% LVR   6.44% p.a.   6.49% p.a.
80.01% - 90% LVR   6.59% p.a.   6.64% p.a.

 

Interest Only available for Investment loans for a maximum of 5 years2. 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.

+ For more information about fee-free banking please visit our Fees & Charges page. See Special Services Fees section for overseas ATM withdrawal fees. MOVE Bank does not charge eligible members for ATM transactions, however, individual ATM providers may charge fees for using their service.

*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.

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