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Advantage Rate Home Loan

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The MyLoan MyWay Advantage Rate Loan is a variable rate loan with a very competitive rate. Unlike other lenders offering discounted interest rates, the Advantage Rate Loan is fully featured and includes unlimited free redraws, no fees, salary crediting and flexible repayment options.

Low Rates, No Fees*
A fully featured variable rate loan that let’s you access one of the lowest fully featured variable interest rates available.

This Advantage Rate Loan could be the perfect home loan if you are:

  • A first home buyer
  • A person who wants to renovate their existing home
  • Looking for a better home loan deal or consolidating debt
  • An investor looking for a competitive variable rate loan

Advantage Rate Home Loan Features *

Our Advantage Rate Home Loan is packed with flexible features. Here are some of them…

Loan Amounts $50,000 to $2,000,000
Minimum of $25,000 in combination or split.
Interest Rate Type Variable rate only
Term 10 to 30 years
Repayment Type Principal and Interest (amortising) or Interest only up to 5 years
Combinations and Splits Can split advantage rate up to 4 accounts (will consider more) or combine with Fixed Rate Loan or Line of Credit loans
Repayment Options Direct Debit either monthly or fortnightly Salary crediting Internet or telephone transfers from pre-nominated account for additional repayments
Additional Repayments Allowable with no limit on variable rate loans
Redraw Facility No minimum redraws via Internet or telephone banking to pre-nominated account
Withdrawals Cash withdrawals not available other than electronic transfers as above
Salary Crediting? Yes
Ability to Switch Can switch all or part of loan limit to another product
Statement Issued P&I Quarterly, I/O Monthly
Other Fees Nil
Substitution Can substitute security within loan limit

*No fees on standard applications above $500,000, terms and conditions apply.  

* While we have taken all reasonable care in producing this information, we do not promise that it contains all the information you need to answer all your questions. All product details, interest rates, terms, conditions and other information may change at any time without notice.

Call us now to speak to one of our experienced home loan professionals and we will work out how much we can SAVE you by doing it the NEW WAY! Or Click here to apply right now.

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