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- Base Variable Investment Loan (Principal and Interest)
Base Variable Rate Home Loan
- Investor
- Variable
- 10% min deposit
- P&I
Interest rate p.a.
7.36%
Comparison rate* p.a.
7.41%
Base Variable Rate Home Loan
- Investor
- Variable
- 10% min deposit
- P&I
Interest rate p.a.
7.36%
Comparison rate* p.a.
7.41%
RateCity says
"A no-frills, low-deposit investment loan with the ability to make extra repayments while paying down your debt."
Calculate your repayments for this loan
$
Your estimated repayment
$3,448
based on 500000 loan amount for 25 years at 7.36%
Monthly Repayment
$3,448
Total interest
$741,376
Total payments
$1,241,376
Start date
04-2024
End date
04-2049
$1,241,376
025 years
Principal owed
Total repayments owed
Interest owed
Pros and Cons
For Base Variable Rate Home Loan
Benefits
- No upfront or ongoing fees
- Extra repayments and redraw facility
- Free redraw facility
Drawbacks
- No offset account
- Higher than average interest rate
- Discharge fee at end of loan
- No repayment holidays
NAB Variable Rate Home Loan overview
For Base Variable Investment Loan (Principal and Interest)
Details
Maximum LVR
90%
Total repayments
$1,241,376
Interest rate type
Variable
Borrowing range
$20k - $100m
Suitable for
Investors
Loan term range
1 - 30 years
Repayment type
Principal and Interest
Applicable states
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Repayment options
Fortnightly, Monthly, Weekly
Target Market Determination
Visit National Australia Bank Limited to view Target Market Determination.
Features
Extra repayments
Unlimited
Redraw facility
Redraw fee: $0
Offset account
Split interest facility
Loan portability
Repayment holiday available
Allow guarantors
Available for first home buyers
Other benefits
Application fee waiver (usually $600)
Fees
Total estimated upfront fees
$0
Application fee
$0
Legal fee
$0
Valuation fee
$0
Settlement fee
$0
Other upfront fee
$0
Ongoing fee
$0
Discharge fee
$350
