Aussie Classic Fixed Rate Home Loan
A fixed rate loan with a range of options, no account maintenance fees and fixed rate term of up to 5 years. So, if you want some certainty of your repayments consider splitting or fixing your home loan.
With the Aussie Classic Fixed Rate Loan you can protect yourself against rising interest rates and control you repayments with interest rates fixed for up to 5 years.
Interest Rate
1yr fixed rate -
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2yr fixed rate -
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3yr fixed rate -
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4yr fixed rate -
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5yr fixed rate -
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Loan Size
Minimum - $100,000
Maximum - $2,000,000
Maximum Loan to Valuation Ratio
90%
Loan Repayments
Principal & Interest or Interest Only
Interest Only: Maximum term of 5 yrs
Payment Frequency
Fortnightly or Monthly. Monthly only available for Interest Only repayments
Additional Payments
Up to 5% of the original fixed loan amount every year without incurring penalties.
Access
Internet & Phone. There is no redraw available on fixed accounts
Valuation Fee
1st valuation is free, $200 for 2nd and subsequent valuations
Solicitors Fee
Advised by solicitor
Deferred Establishment Fee
you only need to pay DEF if you pay out the loan with in the first five years.
$1,500 (Year 1 & 2)
$1,000 (Year 3 & 4)
$500 (Year 5)
Discharge Fee
$715 (Year 1-5)
$215 thereafter
Break costs may be applicable if loan discharged during the fixed period.
What you get with this home loan
Not only a great rate, but it also comes with some flexible features.
With the Aussie Classic Fixed Rate Loan you can:
- Choose to pay interest only.
- Make additional repayments - up to 5% of the original fixed loan amount every year.
- Choose between fortnightly and monthly repayments.
What you need to know about this loan
- It’s only for residential properties.
- The maximum loan term is 30 years.
- There are break costs if you decide to end your fixed term early.
- It reverts to Aussie Classic Variable rate at the end of the fixed rate term at no extra cost.
Amount you can borrow
The maximum amount that can be borrowed on this type of loan is $2 million but we will assess each case individually. We generally consider a few things such as the size of the deposit and the Loan to Value Ratio (LVR). The LVR is the percentage of the property’s value you wish to borrow.