Online Home Loan Product
HOME OF AUSTRALIA'S BEST MORTGAGE & REFINANCE LOAN!

The benefits of Ratebusters Home Loan Products and home loan rates are clearly detailed for you below. Whether your'e looking for a refinance, investment or standard home loan, all you need to do is;

1. Read through all the benefits our home loan offers
2. Call our home loan helpdesk if you need advice
3. Apply Online!


ratebusters fightback home loan
 
 

Ratebusters Ultimate

AFG Retro Pro HL
(via Assured Home Loans)
AFG Edge HL
(via Assured Home Loans)
Variable Interest Rate
Loan Owner Occ Investment Investment IO >80% - 90%
  4.17% 4.47% 4.54%

 

 

Please Refer to the table below for current rates.
These rates are effective for new loans only.

Loan
Owner Occ P&I
Investment P&I
Investment I/O
  LVR LVR LVR LVR LVR LVR
  </=80% >80-90% </=80% >80-90% </=80% >80-90%
$100k - $200k 4.15% 4.25% 4.15% 4.25% 4.35% 4.55%
$200k - $1.0m 4.00% 4.10% 4.05% 4.15% 4.25% 4.45%

Please Refer to the table below for current rates.
These rates are effective for new loans only.

Loan P & I I/O
  LVR LVR LVR LVR
  </=80% >80-90% </=80% >80-90%
Owner Occupied Standard Variable Rates (p.a.)
>$500k 3.84% 4.08% 4.01% 4.28%
$200k - $500k 3.86% 4.13% 4.06% 4.33%
<200k 4.06% 4.33% 4.26% 4.53%
Investment Standard Variable Rates (p.a.)
>$500k 4.01% 4.28% 4.21% 4.48%
$200k - $500k 4.06% 4.33% 4.26% 4.53%
<200k 4.26% 4.53% 4.46% 4.73%
Comparison Rate
Loan Owner Occ Investment Investment IO >80% - 90%
  4.18% 4.55% 4.55%

 

Loan
Owner Occ P&I
Investment P&I
Investment I/O
  LVR LVR LVR LVR LVR LVR
  </=70% >70-90% </=70% >70-90% </=70% >70-90%
$100k - $200k 4.49% 4.58% 4.49% 4.58% 4.68% 4.88%
$200k - $1.0m 4.34% 4.44% 4.36% 4.49% 4.58% 4.78%
Loan P & I I/O
  LVR LVR LVR LVR
  </=80% >80-90% </=80% >80-90%
Owner Occupied Standard Variable Comparison Rates (p.a.)
>$500k 3.95% 4.22% 4.09% 4.36%
$200k - $500k 4.00% 4.27% 4.14% 4.41%
<200k 4.20% 4.47% 4.34% 4.61%
Investment Standard Variable Comparison Rates (p.a.)
>$500k 4.15% 4.42% 4.35% 4.62%
$200k - $500k 4.20% 4.47% 4.40% 4.67%
<200k 4.40% 4.67% 4.60% 4.87%
Application Fee $0.00 One Standard application fee currently waived Nil
Document Preparation Fee $330.00 One Standard legal fee currently waived $0.00 (included in settlement fee)
Valuation Fee $247.50 (metro) One Standard valuation fee currently waived $0.00
Lenders Processing Fee Nil Nil

$250 per loan payable at time of settlement

Settlement Fee $150.00 $150.00 $250
Allowance to cover Sundry Solicitor Costs
(unacertainable, but allow say)
$110.00 $110.00 $0.00 (included in settlement fee)
Annual Fee (collected in advance) $0.00 $0.00 $120
Monthly Service Fee $0.00 $0.00 $0.00
Redraw Fee $50 (if not completed via online account access) $50 (if not completed via online account access) Free redraw via internet banking
Free redraw via customer service
Minimum Redraw Amount
No Min from Offset Account
$500 from Home Loan
Note: redraw not available from Interest Only loan
No Min from Offset Account
$500 from Home Loan
Note: redraw not available from Interest Only loan

$50 via Internet Banking
$1000 via Customer Service

Split loan account available Yes (up to 4 splits) Yes (up to 4 splits) Yes – up to 4 splits
Split loan fee No if option taken at original loan application No if option taken at original loan application $100
Offset Account Yes Yes No
ATM Access (Any ATM) Yes (transactions via RediATM Network are free) Yes (transactions via RediATM Network are free) Yes (transactions via RediATM Network are free)
Eftpos Yes Yes Yes
Cheque Book No No No
Fixed rate available Currently Not Available Currently Not Available Currently Not Available
Fee to Fix N/A N/A N/A
Additional Repayments Allowed Yes Yes Yes
via Deposit book
No No No
via BPay
No No Yes
via our internet
No No No
via direct credit (eg dividend, or from another bank's internet)
Yes Yes Yes
Direct Debit Yes Yes Yes
Telephone Account Access No No Yes
Online account access
(See bottom of table for online account functions)
Yes Yes Yes
Salary crediting Yes Yes Yes
Interest Only available Yes (5 yrs and investment loans only) Yes (5 yrs and investment loans only) Interest only term up to 10 years where the loan is for investment purposes, and up to 5 years where the loan is for personal use and/or LVR >85%
Owner Occupier Yes Yes Yes
Construction Loan No No Yes if LVR <90%
Investment Yes Yes Yes
Term of Loan 8 - 30 years 8 - 30 years 30 years
Loan Amount Minimum $80,000 Maximum
$1,000,000
Minimum $100,000 Maximum
$1,000,000
Minimum $30,000 Maximum
$2,000,000
LVR Up to 90% Plus Cap LMI Up to 90% Plus Cap LMI Investment LVR 90% inc cap LMI (purchase & refinance) – O/O purchase LVR 95% inc Cap LMI – O/O refinance LVR 90% + cap LMI
Lenders Mortgage Insurance (LMI) Required on all loans. Loans >80% lending ratio premium payable by borrower. Required on all loans. Loans >80% lending ratio premium payable by borrower.

Required on all loans. Loans lending ratio premium payable by borrower:

Investment LVR 90% inc cap LMI (purchase & refinance) – O/O purchase LVR 95% inc Cap LMI – O/O refinance LVR 90% + cap LMI

Security 1st registered mortgage over residential property 1st registered mortgage over residential property 1st registered mortgage over residential property
Vacant Land as security No No Yes
Repayment frequency - - -
Weekly
Yes (Monthly amount divided by 4) Yes (Monthly amount divided by 4) Yes (monthly amount divided by 4)
Fortnightly
Yes (Monthly amount divided by 2) Yes (Monthly amount divided by 2) Yes (monthly amount divided by 2)
Twice Monthly
No No No
Monthly
Yes Yes Yes
Early Repayment Fee Nil Nil Nil
Discharge Fee $350.00 $350.00 $295
Security Substitution Allowed Yes (Must be simultaneous) Yes (Must be simultaneous) Yes (Must be simultaneous)
online home loan
Internet Access (This section refers to functions available online) Yes Yes Yes
Internet Redraw
Yes Yes Yes
Pay anyone
Yes Yes Yes
Maximum redraw via internet
$3,000.00 $3,000.00 No maximum – only limited to the available redraw in the loan account
Online statements
Transaction list only. Transaction list only. Transaction list only.
Bpay/Biller payment
Yes Yes No
Change frequency/Amount of repayments
No No Yes via internt banking
Draw Additional payments from nominated outside bank account
No No Yes via updated direct debit form
Change Direct Debit details
No No Yes via updated direct debit form
Change personal details
No No Via internet banking
Reset Password
Yes Yes Via internet banking
Confirm repayment details
No No Via internet banking
Activate Card
Yes Yes Yes via internet/phone banking

Just 3 simple steps and you're on your way to a better home loan

And remember, applying for a Ratebusters home loan is as easy as 1,2,3. Simply research yourself by reviewing the details of our award winning products, call a helpdesk consultant if you need help at any time, then apply online. It's that simple!


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You Can Apply Easily, Right Now!

Even if you're not computer savvy or not an expert on home loans, Ratebusters makes it easy to apply online. We don't want you to miss out on the savings our low rate home loan offers, so if you have any questions about how to apply, deposit and fees or just where to go from here, our expert home loan consultants at Harry's Helpdesk can give you a hand.

Apply Now


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Please Note: The above information is subject to change without notice. All fees and charges have been based on a single security standard mortgage application within metropolitan areas. Full terms and conditions will be included in the Loan Offer. Other fees and charges are payable including disbursements. Lending criteria terms and conditions apply.

**The Comparison Rate is calculated on a loan amount of $150,000 over a term of 25 years. Fees and charges may be payable.

Click here for a comparison rate schedule

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.

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