Basic Home Loans

Also known as ‘Discount’ Home Loans. These loans are a no frills version of the Standard Variable Home Loan. Generally they have fewer features than the Standard Variable Home Loan and are less flexible. These loans are only available for new borrowings.

Additional Repayments:

In most cases additional repayments are permitted however they maybe limited.

Redraw:

Basic home loans have a redraw feature however some lenders charge a fee, generally up to $50.00 per redraw.

Direct Salary Crediting:

Not Available

Offset:

Not Available

Portability:

Not Available

Payment Frequency:

Monthly Only

Repayment Holidays:

Not Available

Top Up:

Not Available

 

Contact Us for more information and to discuss the most suitable loan for your unique situation with any of our mortgage brokers. You can also get in touch with any of our mortgage brokers to help you with home loans in Sydney.

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