loans.com.au
Basic Home Loan With Offset
Investment Variable Interest Only 0 Years 80% LVR
6.84%
Interest rate
6.86%
Comparison rate
Rates as at 16 Jun 2026
Ratings
★ ★ ★ ★ ★ (1 reviews)
About Basic Home Loan With Offset
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.
- There is no discharge fee for Basic Home Loan With Offset. Which is a good news as most lenders charge a discharge fee range anywhere from $150 to $400 when you exit or refinance out.
- There is upfront costs of $530 to apply for Basic Home Loan With Offset, with no ongoing account keeping fees.
Borrowing Limits
- loans.com.au Basic Home Loan With Offset does not offer tier pricing for lower LVR. With Basic Home Loan With Offset, you can borrow upto $80% LVR.
- loans.com.au Basic Home Loan With Offset does not offer tier pricing for lower LVR. With Basic Home Loan With Offset, you can borrow upto $90% LVR.
💡 Tip: To get approved for an interest only home loan you need to have a strong enough income to afford principal and interest (P&I) repayments once your interest only term expires. Sometimes extending your interest only period can be tough and getting approved for a P&I refinance is a lot easier.
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 loans.com.au or a mortgage broker just to be sure. This information should be used as a guide only.
Other rate options for Basic Home Loan With Offset
Frequently Asked Questions
Are there costs when I exit or refinance to another lender?
There is no discharge fee for Basic Home Loan With Offset. Which is a good news as most lenders charge a discharge fee range anywhere from $150 to $400 when you exit or refinance out.
Does loans.com.au Basic Home Loan With Offset comes with an offset account?
Yes, Basic Home Loan With Offset 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 loans.com.au Basic Home Loan With Offset?
There is upfront costs of $530 to apply for Basic Home Loan With Offset, with no ongoing account keeping fees. Valuation fee: $230
Settlement fee: $300
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 loans.com.au or a mortgage broker just to be sure. This information should be used as a guide only.