What makes our 100% Offset loan The best?
Austral’s 100% Offset Loan is a fully featured loan that offers a range of benefits to all types of borrowers. Whether you are a first home buyer, seasoned investor or looking to refinance your existing loan, our 100% Offset loan has something for you.
The “Headline” feature of our 100% Offset Loan is the flexibility offered whilst on a fixed interest rate. Traditionally with fixed rate loans, restrictions apply. Borrowers lose the ability to make additional repayments, redraw available funds and in general the offset feature is not available with loans of this type.
Our 100% Offset loans provides borrowers with not only the security of a competitive fixed rate but also allows them the flexibility similar to that of a variable rate loan.
As mentioned earlier, our 100% Offset Loan appeals to all types of borrowers, from the First Home Buyer to the seasoned or potential investor. Outlined below are some of the features;
General Features: (available to all borrowers)
- Make up to $20k per annum additional repayments to the loan account during a fixed rate period
- Unlimited deposits into the Offset account with no penalty
- Redraw during a fixed rate period
- Refix at the end of term - FEE FREE
- Principal & Interest or Interest Only up to 10 years
- “Earn” interest on savings at the home loan rate – tax benefit
- No ongoing account keeping fees
- 10 free transactions per statement period i.e. ATM, Eftpos, Bank@post
- Online and Telephone Account Management systems, Anypay, Bpay – FEE FREE
- Monthly Statements
First Home Buyer Features:
- Up to 90% Loan to Value Ratio (LVR) for owner occupied loans
- Discounted LMI premiums for First Home Buyers
- Ability to capitalise LMI premium (included in loan amount)
- FHOG available at settlement
Home Owners (refinancing):
- Up to 90% Loan to Value Ratio (LVR) for owner occupied loans
- Discounted LMI premiums for First Home Buyers
- Ability to capitalise LMI premium (included in loan amount)
- FHOG available at settlement
Home Owners (refinancing):
- Ability to split loan i.e. fixed and/or variable rates, Principal & Interest and/or Interest Only
- Salary crediting into Offset Account
- Reduce loan balance by interest “earned” in the offset Account
- Monthly “sweep” of credit card expenses to maximise benefit of the funds available in the Offset Account
Investors:
- Ability to split loan identifying non-deductible (home) and deductible (investment) accounts
- Ability to individually structure each individual account to maximise tax benefit
- Salary crediting and direct credits into the Offset Account
- Attach a Line of Credit for future investment
As you can see, our 100% Offset Loan is an attractive loan to suit any needs. If you want flexibility and simplicity then this is the loan for you.
If you would like to know more, why not call us on 1300 30 30 99 and speak to one of our qualified loan consultants or email Zuzana.Buttel@AustralMortgage.com.au or Paul.Bonaventura@AustralMortgage.com.au
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