LCU offers an Interest Only option on investment loans. This allows investors to maximise the benefits that may be obtained through negative gearing. The interest rate is fixed for one or two years initially; it may then be transferred to the variable rate, or renegotiated for a further 12/24 months at the prevailing interest only rate.
- Pre-purchase approval available
- Automatic salary deductions
- Free redraw with internet access
| Key Features | |
|---|---|
| Fixed interest rate | View our Interest Rates |
| Fixed honeymoon rate (when available) | No |
| Maximum borrowing as % of LVR | 80% (No LMI), 95% (with LMI) |
| Term of loan | Up to 2 years (Interest Only L9 Fixed), may be negotiated (Interest Only L29 Variable) |
| Free redraw with Internet access | Yes |
| Lump sum repayments | Yes |
| Automatic salary deduction | Yes |
| Repayment frequency | Monthly |
| Loan Protection Insurance | No |
| Pre-purchase approval | Yes |
| No monthly fees | Yes |
More Information
- Read the benefits of our Home Loans
- Need answers? Read our list of FAQs
- Compare our Home Loans
- Use our Loan Calculator to work out what loan is right for you
- Find out more about our Loan Repayment Insurance
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