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Home Loan Variable: 5.94% (5.95%*) • Home Loan Fixed: 5.79% (6.39%*) • Fixed: 5.79% (6.39%*) • Variable: 5.94% (5.95%*) • Investment IO: 6.19% (6.85%*) • Investment PI: 5.99% (6.61%*)

  Purple Basic Vbl Home Loan-Inv

The Purple Basic Variable Investment Loan is a simple home loan with a low interest rate, offering great value.
Category: Home Loans  Last Updated February 28, 2024  Effective July 5, 2024

 General Lending Rates

Rates listed below are for a VARIABLE INVESTMENT P&I product. Additional Information Purple Basic Variable Investment Loan. Principal & interest, LVR <=60% & a minimum of $150,000 new money. Conditions apply.
Interest Rate
6.24% PA
Comparison Rate
6.27%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.

Product Variations
Product rates and conditions will usually vary based on the LVR and other conditions..
  INVESTMENT, VARIABLE, 6.34%
  • Lending Rate Type: Variable
  • Interest Rate: 6.34%, Comparison Rate 6.37%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Investment
  INVESTMENT, VARIABLE, 6.74%
  • Lending Rate Type: Variable
  • Interest Rate: 6.74%, Comparison Rate 6.77%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Investment

 Product Features

  • Digital Banking Additional Information: Access your money 24/7 through Internet Banking, Telephone Banking or Mobile Banking services.
  • Other Additional Information: Pre-Approval: 120 day pre-approval so you can search with confidence.
  • Other Additional Information: Additional Repayments: make unlimited additional repayments to your loan.
  • Redraw Additional Information: Redraw payments made in advance at any time through Internet and Mobile Banking. There is no minimum redraw amount.

 Product Eligibility

  • Employment Status - Lending Criteria, Requirements And Terms And Conditions Apply.
  • Min Age - 18. Additional Information: Available for customers aged 18 years and over
  • Natural Person
  • Other Additional Information: Membership: You must be or become a Beyond Bank Australia member.
  • Other Additional Information: Lending criteria, requirements and terms and conditions apply
  • Other Additional Information: LVR: Borrow up to 90% of the value of the property (inclusive of LMI). Conditions apply.
  • Other Additional Information: Security: A single residential property or cross collateral security permitted.
  • Pension Recipient Additional Information: Lending criteria, requirements and terms and conditions apply
  • Residency Status - Australian Citizen. Additional Information: Must be an Australian citizen, permanent Australian resident or hold a Visa. If a Visa holder's income is relied upon to determine serviceability, the term of the Visa must exceed the term of the loan.

 Bank Fees and Charges

  • Mortgage Loan Establishment Fee (Upfront), Amount: 445.00. Additional Information: This fee is payable on establishment of the loan.
  • Mortgage Discharge, Settlement Or Partial Discharge Fee (Event), Amount: 350.00. Additional Information: Payable whenever a mortgage is discharged or partially discharged
  • Loan Variation Documentation Fee (Upfront), Amount: 345.00. Additional Information: This fee is payable when a property already held by us as security is to be used as security for additional credit.
  • Redraw (staff-assisted) Fee (Transaction), Amount: 35.00. Additional Information: This fee is payable for each staff-assisted redraw.
  • Redraw (online) Fee (Transaction), Amount: 0.00. Additional Information: Online redraw via Internet or Mobile Banking is free.
  • Default Notice Fee (Event), Amount: 20.00. Additional Information: This fee is payable whenever we send you a default notice because you have defaulted under the contract or related mortgage.
  • Additional Security Fee (Upfront), Amount: 150.00. Additional Information: This fee is payable when we prepare any security in addition to the mortgage over the primary mortgaged property.
  • Default Fee On Home And Investment Loan - On The 8th Day (Event), Amount: 20.00. Additional Information: This fee is payable on the 8th day you are in default.
  • Default Fee On Home And Investment Loan - Every 14th Day Thereafter (Event), Amount: 25.00. Additional Information: This fee is payable every 14th day thereafter for so long as you remain in default.
  • Property Valuation Fee (Upfront), Amount: 0.00. Additional Information: A property valuation may be required at time of application and we will provide you with a quote if applicable. Beyond Bank will cover up to $300 of the valuation fee (GST inclusive) for the first valuation/property only

 Limitations & Restrictions (Constraints)

  • Max Limit of 2000000.00
  • Min Limit of 150000.00

Ask us a question and we will get back to you within 1 working day

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