eMoney Variable Rate Home Loan
Review of the eMoney Variable Rate Home Loan
Any homeowner wanting to keep interest costs to an absolute minimum will be able to benefit from applying for an eMoney full doc variable rate home loan. First home buyers have the opportunity to take advantage of ultra-low interest rates, while those seeking to refinance to keep their mortgage repayments down will also find it’s possible to reduce monthly repayment amounts.
Investors may also find this home loan to be perfect for an investment property portfolio, as the discount interest rates offer an opportunity to improve investment cash flow.
Features & Benefits
The eMoney Variable Rate Home Loan offers several features to borrowers including:
- Loan to Value Ratio (LVR): 90% up to $1,000,000
- Loan Term: 5-30 years
- Minimum Loan Amount: $150,000
- Repayment Options: Direct Debit, BPay, Direct Salary Crediting
- Redraw Facility?: Yes
This product is suitable for borrowers who are seeking to purchase an investment property, build a property, or refinance / consolidate their existing mortgage and debts and is available to:
- First Home Buyers
- Investors
- Owner-Occupiers
- and Refinancers
Rates, Fees & Charges
- Application Fee: $0
- Valuation Fee: $275
- Discharge Fee: $295
- Lenders Legal Fee: Nil for a standard loan
Application Details
- Deposit Requirement: Loans up to 90% of purchase price or property valuation. Evidence of 10% deposit required.
- Lenders Mortgage Insurance: Borrower pays Lenders Mortgage Insurance where loan to value ratio is greater than of property value.
Top Home Loans
| Home Loan | Details | Interest Rate (p.a.) | Comp Rate^ (p.a.) | App Fee / Ongoing Fee | Max LVR | Min & Max Borrowing | |
|---|---|---|---|---|---|---|---|
 Loans.com.au - Dream Catcher​ | A home loan offer with a $0 application fee and one of the lowest available home loan interest rates. | 5.85% | 6.21% | $0 / $375 | 80% | $50,000 / $750,000 |
 
|
 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 |
|
 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 |
|
 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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