Aussie Optimizer Standard Fixed Rate 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
Aussie Optimizer Standard Fixed Rate Home Loan – Key Features
The world economic environment has caused a veritable oscillate in the interest rates, leaving many people uncertain of what they will be paying on their credit. This no longer needs to be a worry for you, the consumer, as a fixed rate home loan allows for up to 5 years peace of mind and constant interest rates.
Below are the key features of the Aussie Optimizer Standard Fixed Rate Home Loan:
- Minimum Loan size is $100,000
- Maximum Loan size is $2,000,000
- There is maximum Loan to Value ratio of 90%
- Repayment of the loan can be either Principle and Interest or Interest only
- Payments options are either fortnightly or monthly
- Payments are made via a direct debit
- Additional payments can be made up to a maximum of 5% of the total loan value without incurring any fees
Interest Rates
The Aussie Optimizer Standard Fixed Rate Home Loan offer highly competitive fixed interest rates. The table below indicates both the yearly Aussie rates and the comparative rates offered by other home loan companies. These comparisons are based on a $125 000 home loan taken over 25 years, and have not included any fees that may be payable.
- 1 Year fixed rates
5.85% for the Aussie Optimizer Standard Fixed Rate Home Loan
6.98% is the comparison rate
- 2 Year Fixed rates
5.99% for the Aussie Optimizer Standard Fixed Rate Home Loan
6.89% is the comparison rate
- 3 Year Fixed rates
5.99% for the Aussie Optimizer Standard Fixed Rate Home Loan
6.80% is the comparison rate
- 4 Year Fixed rates
6.39% for the Aussie Optimizer Standard Fixed Rate Home Loan
6.86% is the comparison rate
- 5 Year Fixed rates
6.39% for the Aussie Optimizer Standard Fixed Rate Home Loan
6.81% is the comparison rate
Applicable fees for the Aussie Optimizer Standard Fixed Rate Home Loan
The Aussie Optimizer Standard Fixed Rate Home Loan has a very competitive fee structure with no ongoing fees or application fees. The following fees apply:
- There is $500 application fee
- If the loan is settled, $100 settlement fee is payable
- Solicitors fees will be advised upon application
- $0 ongoing fees
- Discharge fee of $400 is payable
- A possible break cost may be payable when the home loan is discharged during the fixed term.
More Information
Although the key features of the Aussie Optimizer Standard Fixed Rate Home Loan includes a great fixed rate, the flexibility options are also worth noting.
Payment Options
- To further reduce your monthly instalments, choose to pay only the interest initially
- Pay your home loan off quicker by making additional payments of up to 5% of the loan amount each year without any fees being charged.
- Make payments every two weeks or once a month.
Other important points to note:
- This loan is only available for purchasing of residential property
- Pay your loan off over a maximum of 30 years
- If you no longer want a fixed rate, the account will be subject to break costs involved in ending you rate term
- Once the fixed rate term has ended, your home loan will be automatically converted to an Aussie Optimizer Variable rate home loan without any fees payable.
- Although the maximum amount for a fixed rate home loan is $2,000,000, home loans over this amount will be assessed individually on merit. In such instances the loan to value ratio (LVR), and the amount that is paid as a deposit will be considered when making the application.
In Conclusion
Aussie Optimizer Standard Fixed Rate Home Loan offers fantastic interest rates, flexible payment options and payment terms. The fixed interest rates are perfect for those who want certainty and stability in their monthly budgeting with interest rates being extremely competitive. Should the interest rates drop dramatically, it is comforting to know that the fixed term is not set in stone and can be discharged for a fee. So in essence, the Aussie Optimizer Standard Fixed Rate Home Loan gives one the best of both worlds, and is worth considering as a viable home loan option.
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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