Property Investment Mortgage Interest Only

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Property Investment Mortgage Interest Only

Our Interest Only Investment Loan option offers you flexibility on your 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 property investment variable rate, or renegotiated for a further 12/24 months at the prevailing Interest Only rate.

3.99% pa
interest rate

3.52% pa comparison rate¹

100% offset
No redraw fees
No ongoing fees
Variable and lump sum repayments
Automatic repayment from salary

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How do I apply?

What documents do I need?

Evidence of Income:

Copy of 2 current pay slips or a letter from your employer stating commencement date and salary details
If your pay is not currently deposited to an LCU account, please supply 3 months' of complete bank statements
Proof and source of other income
If self-employed please provide full financial statements and tax assessments for the last 2 years and current figures no more than 3 months old
A copy of a recent rental lease or bank statements showing receipt of rent.

Evidence of Commitments:

Statement of your home and/or other loans
A copy of a recent rental lease or if boarding, a letter from the owner
Latest 3 months' of statements for all credit cards and store cards

Additional information

Rates are subject to change. Please refer to our rates and fees page.
¹Comparison rate based on a secured loan of $150,000 over 25 years. Warning: These comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees and other loan amounts might result in a different comparison rate.

Key features
Calculator

Property Investment Mortgage interest only
Interest Rates
Interest only Interest Rate	3.99% pa
Comparison Rate	3.52% pa¹
Fees
Establishment Fee	$903.60
Annual Fee	$0
Monthly Fee	$0
Redraw Fee	$0
Features
Automatic Deposits (salary / account)	Yes
Minimum Amount	$50,000
Maximum borrowing capacity (LVR)	80% No LMI, 95% with LMI
Minimum Term in Years	1 or 2
Maximum Term in Years	40
Redraw Facility	Yes
Offset Account	100% offset available
Repayments	Weekly, fortnightly or monthly

¹ Warning: This comparison rate applies only to the examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. Comparison Rate is calculated on a loan amount of $150,000 over a term of 25 years based upon monthly repayments. These rates are for secured loans only.

Property Investment Mortgage Interest Only