LendingMart is the trading name of Lendingmart Pty Ltd (ACN 636 022 690, Corporate Credit Representative 520073), of BLSSA Pty Ltd (ACN 117 651 760 Australian Credit license 391237)
*WARNING: This comparison rate applies only to the example or 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. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
IMPORTANT INFORMATION: Loan Terms of between 1 Year and 30 Years are available subject to lender and credit criteria. Any calculations or estimated savings do not constitute an offer of credit or a credit quote and are only an estimate of what you may be able to achieve, based on the accuracy of the information provided. It doesn’t take into account any product features or any applicable fees. Lending criteria and the basis upon which we assess what you can afford may change at any time without notice. Savings shown are based on user-inputted data and a loan term of 30 years. All applications for credit are subject to lender credit approval criteria.
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Variable interest rate home loans come in two forms, standard variable and basic variable. Both of these variable home loans work in a similar way but the main difference is the interest rate charged and how much flexibility is available.
A variable interest rate home loan is affected by economic conditions both within Australia and around the world, so you can expect your home loan repayments to rise and fall over the term of your loan.
VARIABLE INTEREST RATE HOME LOANS PROS
VARIABLE INTEREST RATE HOME LOANS CONS
BASIC VARIABLE
STANDARD VARIABLE
WHAT YOU NEED TO KNOW:
Terms and conditions, fees and charges, normal lending criteria apply. New clients only, and may be withdrawn at any time. LVR < 75% and for loans $200,000 or more.
Annual fee from $395 applies. Comparison rate based on a loan of $150,000 over 25 years.
WARNING: The comparison rate is true only for the example or examples given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different comparison rate. Terms and conditions, fees and charges, normal lending criteria apply. Details available on request.
Fixed interest rate home loans offers you a fixed interest rate so you have a fixed repayment amount over a set term, usually between 1 year and 10 years. The most commonly used fixed interest rate term in Australia is 2 years.
A fixed interest rate home loan is set by your lender; they borrow money from the wholesale money markets and then sells’ this on to you. The cost to the lender of borrowing this money is determined by what the money markets believe interest rates will do over a set term. Your lender will then add a margin to this, the final interest rate is then offered to you for the fixed term you are applying for.
Variable interest rate home loans come in two forms, standard variable and basic variable. Both of these variable home loans work in a similar way but the main difference is the interest rate charged and how much flexibility is available.
A variable interest rate home loan is affected by economic conditions both within Australia and around the world, so you can expect your home loan repayments to rise and fall over the term of your loan.
VARIABLE INTEREST RATE HOME LOANS PROS
VARIABLE INTEREST RATE HOME LOANS CONS
BASIC VARIABLE
STANDARD VARIABLE
WHAT YOU NEED TO KNOW:
Terms and conditions, fees and charges, normal lending criteria apply. New clients only, and may be withdrawn at any time. LVR < 75% and for loans $200,000 or more.
Annual fee from $395 applies. Comparison rate based on a loan of $150,000 over 25 years.
WARNING: The comparison rate is true only for the example or examples given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different comparison rate. Terms and conditions, fees and charges, normal lending criteria apply. Details available on request.
