Aussie Optimizer Line of Credit Home Loan
What happens when I click Enquire Now?
- Clicking Enquire Now will take you to the lender's website
- After completing the contact form, a mortgage expert will contact you
- The mortgage expert will ensure you find the right loan, calculate your repayments, and explains all the associated fees
- After going through the enquiry process you will be able to know how much you can borrow, begin your application when you are ready to apply and be approved for a home loan
Key Features of the Aussie Optimizer Line of Credit Home Loan
The Aussie Optimizer Line of Credit Home Loan has the following key features:
- Residential properties only
- Zero transaction fees
- Minimum loan of $100,000
- Maximum loan of $2,000,000
- Simple access to loan account via:
- Internet
- Telephone
- B Pay
- EFTPOS
- ATM
- Cheque book
- Australia Post Deposits
- Competitive interest rate options:
- Variable interest rate of 7.06% – with a potential discount feature
- Comparison Rate of N/A%
- Select a fixed interest rate at no additional charges during any time
- Up to 30 years loan repayment term
- Repayment options:
- Fortnightly or once a month
- Interest only – to a maximum of 10 years when owner occupied & 15 years when an investment property
- Principal and interest
- Payment methods:
- Direct debit order
- Direct salary deduction
- With voluntary additional payments made at any time at no cost
- Free redraw facility through telephone banking or website
- Free printed statement every 6 months
Other Features Include:
Additional features for this loan type include:
- Maximum LVR (Loan to Valuation Ratio) of 90%
- Unlimited transactions at no charge
- Redraw – This facility allows clients to access available money from their account when supplementary repayments on the account have been made.
- Redraw minimum via self-help facilities: $1000
- Obtain a cash card for effortless redraw of funds from an ATM – transaction fees may apply
Self-help Advantages
Utilise the website from anywhere in the world and enjoy the following advantages:
- Access to your home loan account
- Request a cheque book
- Request a cash card
- Free transactions
Aussie Optimizer Line of Credit Home Loan
- Interest Rate of 7.06%
- Comparison Rate of 0.00%
- Application Fee of $0
- Maximum LVR With LMI: 90%
- Minimum Borrowing: $100,000
- Maximum Borrowing: $2,000,000
Read the Aussie Optimizer Line of Credit Home Loan terms and conditions.
Optional Possibilities
The Aussie Optimizer Line of Credit Home Loan includes various options when it comes to loan type and interest rates. These include:
- Take advantage of a reduced variable rate which is linked to the LVR. The lower the LVR the higher the discount.
- A 100% fixed interest rate may be applied for with this loan.
- 2 Split options available on your loan prior to settlement, and at no additional cost with up to 10 splits allowed in total. Split loans are referred to when a loan is subject to 2 different interest rate types i.e. variable & fixed rates. Loans can be split free of charge after settlement.
- Or choose to only repay interest.
Need to change your loan?
Adapt your loan according to your circumstances by opting for a loan variation. Approval is based on merit of each application. A fee of $410 will apply.
Fees
The only applicable fees to this loan type are as follows:
- Application fee: $0
- Split fees: zero
- Loan settlement fee: $100
- Charges for initial valuation: free, thereafter $200
- Solicitor’s fees: to be advised upon application
- Annual ongoing fee: $198
- Additional statements: $15
- Loan discharge fee: $400
- Loan portability fee: $600 when applicable property is held as security
- Loan variation fee: $410
Tips
The Aussie Optimizer Line of Credit Home Loan can really work for you. Use the following tips to save on interest, time and charges:
- Apply for cash cards, cheque books and redraw facilities online
- Pay additional funds on your monthly instalments, and access these funds when needed via your redraw facility
- By depositing your salary into your loan account, you will also save on interest
How Much Can I Borrow?
Approval of each application is subject to a few factors including, but not limited to:
- Deposit paid
- The loan size
- LVR
- Credit rating
LVR or “Loan to Value Ratio” simply means to the percentage of loan amount you wish to apply for against the value of the property i.e. 90%
Conclusion
The Aussie Optimizer Line of Credit Home Loan is flexible enough to suit the needs of any individual, and can be adjusted to adapt to personal circumstances. It includes self-help facilities in order to save on interest and time, and allows for greater personal account management. This loan is particularly favoured due to unlimited transactions with no additional charges.
Read the official terms and conditions
Top Home Loans
| Home Loan | Details | Interest Rate (p.a.) | Comp Rate^ (p.a.) | App Fee / Ongoing Fee | Max LVR | Min & Max Borrowing | |
|---|---|---|---|---|---|---|---|
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 Bankwest Online Home Loan | A low interest rate home loan with a $0 application fee and ongoing maintenance fees. This offer is exclusively available by applying online. | 5.97% | 5.97% | $0 / $0 | 80% | $100,000 / $1,000,000 |
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 Illawarra Home Loans Bank Beater Home Loan | A low variable rate, beaten down even further by 0.05% p.a. after 5 years. | 6.07% | 6.35% | $0 / $345 | 90% | $250,000 / $1,000,000 |
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 State Custodians Mortgage Company Standard Variable Offset Loan | Awarded the 2011 Non bank Lender of the Year this feature-packed loan rewards customers with a bonus rate drop of 0.25% after 5 years. | 6.02% | 6.23% | $0 / $345 | 95% | $150,000 / $1,000,000 |
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