Advantage Special 4.49%
Take advantage of low interest rates with our incredibly flexible Advantage Special.
Special offer on loans with an LVR 70% and under
Split loans available (combination of fixed / variable)
Available for construction loans
Available for Term Loans & 100% Offset Loans
Variable rate 4.49% | Comparison rate of 4.57%
- Fixed rates: Comparison rates:
- 1 year: 4.63% 1 year 5.07%
- 2 years: 4.53% 2 years 5.02%
- 3 years: 4.63% 3 years 5.00%
- 4 years: 4.83% 4 years 5.04%
5 years: 4.93% 5 years 5.07%
No ongoing fees or charges
Principal & Interest repayments only
Fast application processing
Unique Features of our Advantage Special
- Our 100% Offset account is also available while you are in a fixed rate product.
Most lenders only offer their borrowers a 100% offset savings account with their variable rate home loans. If fixed rates are low and borrowers want to lock in the rate, the benefits of the offset are effectively cancelled. With our 100% Offset product, you can have the account variable or fixed and still receive the same benefits.
- Austral’s Advantage Special Fixed Rate product does not require a rate lock fee provided you settle within 60 days of the date the loan is approved
Most lenders including the major banks require a rate lock fee to hold the fixed rate from the time your loan is approved until it settles.
- While on a fixed rate Austral’s Advantage Special product still allows you to repay up to $20,000 p.a. without any breakcost penalty applying
Once in fixed rate the major banks generally do not allow you to make additional lump sum repayments of principal unless you pay a break cost penalty on the amount repaid.
- The ability to convert to variable or re-fix after the fixed rate period has expired with no further costs or fees involved
Some lenders do make you change products when converting to a variable rate after the fixed rate has expired which can attract fees and charges. With the Advantage Plus product you have the ability to re-fix or convert to a variable rate without accruing any further costs.
Austral Mortgage Testimonials
"I really must compliment the whole team there at Austral, everyone is so helpful and has enough knowledge to cover each other in an absence, it is very refreshing"
“Many thanks for your exceptional help. Everything you did for me was without hesitation. Austral went beyond the normal level of service. My anxiety was overcome due to your efforts once again.”