Key Features

We have listed the key features of each of our home loan products in the table below so that you can easily compare each product and ensure that you choose the right loan for you.

Look through the list of key features below or view the benefits of our home loans.

 

Key Features	FastRoad Home Loan	Variable Rate Home Loan	Fixed Rate Home Loan
Interest rate	View our interest rates and comparison rate schedules
Minimum amount	$100,000	$10,000	$10,000
Maximum amount	80% of the property value; 95% of the property value with Mortgage Insurance; 70% land only	80% of the property value; 95% of the property value with Mortgage Insurance; 70% land only	80% of the property value; 95% of the property value with Mortgage Insurance; 70% land only
Loan period	Up to 30 years	Up to 30 years	Up to 30 years
Repayments	Monthly / Fortnightly / Weekly	Monthly / Fortnightly / Weekly	Monthly / Fortnightly / Weekly
Interest charges	Calculated daily, Charged monthly	Calculated daily, Charged monthly	Calculated daily, Charged monthly
Loan set up costs (Valuation & Solicitor)	Approx $640	Approx $390	Approx $390
Variable and lump sum repayments	Yes	Yes	Yes
Early repayment	3 months interest if paid out within 2 years	No Penalty	$500 if paid out within 3 years, $300 if paid out from 3-5 years
Redraw facility	Yes ($35 per redraw and minimum amount $1,000)	Yes, (free redraw, minimum amount $100)	Yes (free redraw, minimum amount $100)
Top up facility available	Yes	Yes	Yes on Variable Loans
Top up fee	$350	$100	$100
Switching fee	$1,000	$300	$300
Loan repayment insurance available	Yes	Yes	Yes
Auto repayments (salary/account)	Yes	Yes	Yes
Loan interview required	No	No	No

* reverts to the current variable rate at the end of the fixed term.

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Learn More

• Read the benefits of our home loans.
• Use one of our loan calculators to work out which loan is right for you.
• Review our home loan interest rates