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Aussie Classic Plus (>=$500,000) (LVR <=70%)

Posted August 3rd, 2010 and last modified January 31st, 2012

When you borrow more money or pay a large deposit then you should receive a benefit because you are giving the provider more of your money. Many providers will offer you a discount in fees or even a discount on the interest rate. The Aussie Classic Plus (>=$500,000) (LVR <=70%) offers you a variety of discounts and features that will help you save. The main feature of the Aussie Classic Plus (>=$500,000) (LVR <=70%) is that you will receive a lower interest rate when compared to the normal Aussie Classic Plus home loans. You will only receive this discount if you pay a 30% deposit or more.

Features of the Aussie Classic Plus (>=$500,000) (LVR <=70%)

The Aussie Classic Plus (>=$500,000) (LVR <=70%) is a loan that not only offers you discounts for borrowing more money but it also offers you a variety of features. The features of the Aussie Classic Plus (>=$500,000) (LVR <=70%) are:

  • Who is this loan suited to? The Aussie Classic Plus (>=$500,000) (LVR <=70%) is not suited to all people. The Aussie Classic Plus is suited to people that have a lot of money to commit to a home. The Aussie Classic Plus home loan requires you to pay 30% of the loan to value ratio and borrow over $500,000 so you must have at least $150,000 to give upfront.
  • How much can you borrow. The Aussie Classic Plus allows you to borrow anywhere between $500,000 and $2,000,000. As mentioned before you will have to provide a minimum of 30% deposit to get the low interest rates. You will have up to 30 years to pay off the loan.
  • Redraw facility. The Aussie Classic Plus (>=$500,000) (LVR <=70%) comes with a redraw facility that lets you draw money from the loan if an unexpected payment comes up. This feature adds flexibility and will help you in times of financial stress.
  • Split the Loan. A great feature of the Aussie Classic Plus (>=$500,000) (LVR <=70%) that adds flexibility is the ability to split the loan if needed. When you split a loan one part of the loan will be subject to the Aussie Classic Plus loan scheme while the other part will be subject to another loan scheme. Most people will split the loan with a fixed rate loan.
  • Loan is transferable. When you are buying a house you may plan to live there for a long time. However, sometimes your situation can change and you may have to move. When you move homes you will often have to apply for a new loan to pay off the old loan and secure the money that you need for the new home. The Aussie Classic Plus home loan is fully transferable and as a result you will be able to move the home loan with you to your new home.

The Aussie Classic Plus (>=$500,000) (LVR <=70%) is a great home loan that offers you a variety of things. The main feature of the Aussie Classic Plus is that you will receive a discount on the interest rate. Furthermore, the Aussie Classic Plus also offers you a variety of features that will add flexibility to the loan and help you save.


Minimum Loan Amount$500,000
Maximum Loan Amount$2,000,000
Maximum LVR72%
Maximum Insured LVR72%
Mortgage Offset AccountNo
Loan Redraw FacilityNo
Split Loan FacilityNo
Fixed Interest OptionNo
Interest Rate TypeFixed
Interest Rate6.45%
Comparison Rate6.63%
Repayment TypeInterest Only
Repayment FrequencyWeekly
Extra RepaymentsNo
Application Fee$250
Legal Fee$0
Valuation Fee$0
Service Fee$15.00
Settlement Fee$100
Exit Fee$400


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