Beyond Bank Standard Home Loan - Investment - Variable

Ratings

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About this rate option

This Beyond Bank Standard Home Loan rate option applies to investment property purchases, with a variable interest rate of 8.99% (comparison rate 9.04%) that can move when the lender changes its rates. Repayments are principal and interest, reducing the loan balance over time, and the rate is published for any LVR level. Borrowers on the variable rate can make unlimited extra repayments, link optional offset accounts to reduce the interest paid, and redraw advance payments with a $500 minimum.

This summary was generated from Beyond Bank’s published product data for this specific rate option. Always confirm current rates with the lender.

About Standard Home Loan

Interest only loans have traditionally been tailored to investors so they can reduce their mortgage repayments and maximise their tax benefits and overall return on investment (ROI). However, getting home loan with interest only (IO) has its place and some lenders are willing to consider your application if you can provide valid reasons.

LVR is an acronym for Loan-To-Value Ratio. The LVR is the amount you are borrowing against the property value being used as security, represented as a percentage.

Fees & Costs

A 100% offset account is an account linked to your home loan where you can park your savings and spare cash to reduce the interest you pay. Then, when interest is calculated on your home loan, the balance in your offset account is deducted from the loan amount owing, and interest is only charged on what remains.
Beyond Bank charge a discharge fee of $350, which covers the cost for removing the mortgage that has been registered on the title of your property.
There is upfront costs of $645 to apply for Standard Home Loan, with no ongoing account keeping fees.

Borrowing Limits

Beyond Bank Standard Home Loan does not offer tier pricing for lower LVR. With Standard Home Loan, you can borrow upto $90% LVR.

Eligibility

Interest only repayment option is not available with Beyond Bank Standard Home Loan for buying next home.
Interest only repayment option is not available with Beyond Bank Standard Home Loan for refinance.

IMPORTANT:Lenders change their policy from time to time so this information is current only accurate at the time that it was written. You should always check with Beyond Bank or a mortgage broker just to be sure. This information should be used as a guide only.

Other rate options for Standard Home Loan

Refinance Variable · Principal & Interest 0 Years · 90% LVR

8.70%

Investment Fixed · Interest Only 3 Years · Any LVR

7.34%

Investment Fixed · Interest Only 5 Years · Any LVR

7.54%

Investment Fixed · Principal & Interest 1 Year · Any LVR

6.84%

Investment Fixed · Principal & Interest 2 Years · Any LVR

6.94%

Investment Fixed · Principal & Interest 3 Years · Any LVR

7.14%

Investment Fixed · Principal & Interest 4 Years · Any LVR

7.34%

Investment Fixed · Principal & Interest 5 Years · Any LVR

7.34%

Investment Variable · Interest Only 0 Years · Any LVR

9.29%

Investment Variable · Principal & Interest 0 Years · Any LVR

8.99%

Owner Occupied Fixed · Principal & Interest 1 Year · Any LVR

6.64%

Owner Occupied Fixed · Principal & Interest 2 Years · Any LVR

6.74%

Frequently Asked Questions

Are there costs when I exit or refinance to another lender?

Beyond Bank charge a discharge fee of $350, which covers the cost for removing the mortgage that has been registered on the title of your property.

Does Beyond Bank Standard Home Loan comes with an offset account?

Yes, Standard Home Loan comes with a 100% offset account. A 100% offset account is an account linked to your home loan where you can park your savings and spare cash to reduce the interest you pay. Then, when interest is calculated on your home loan, the balance in your offset account is deducted from the loan amount owing, and interest is only charged on what remains.

What are the costs to apply for Beyond Bank Standard Home Loan?

There is upfront costs of $645 to apply for Standard Home Loan, with no ongoing account keeping fees. Application fee: $445
Settlement fee: $200

Fees

Application fee

Important Information

Lenders change their policy from time to time so this information is current only accurate at the time that it was written. You should always check with Beyond Bank or a mortgage broker just to be sure. This information should be used as a guide only.