480 - Housing Interest Only
Pay Only The Interest On The Principle Amount During The Term Of This Loan. Ideal If You're Looking For Bridging Finance Once You've Purchased A New Home And Are Awaiting The Sale Of Your Existing Home.
Category: Home Loans Last Updated July 26, 2024 Effective November 1, 2024
General Lending Rates
Rates listed below are for a VARIABLE Owner Occupied Interest Only product. Additional Information Reference Rate Provided And Subject To Assessment Of Application For Credit, With Interest Rate Being Offered Upon Approval
Interest Rate
7.54% PA
7.54% PA
Comparison Rate
7.80%PA*
7.80%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 Features
- Digital Banking Additional Information: 24/7 Banking And Instant Access To Your Accounts Via Laptop, Tablet Or Smartphone
- Loyalty Program Additional Information: "Relationship Rewards" - Providing You The Opportunity For Fee-Free Banking
- Other Additional Information: No Monthly Account Keeping Fees
- Other Additional Information: No Loan Service Fees
- Other Additional Information: No Penalties For Additional Repayments
- Other Additional Information: No Penalties For Early Payouts
- Unlimited Txns Additional Information: "Relationship Rewards" - Providing You The Opportunity For Fee-Free Banking
Product Eligibility
- Business Additional Information: Self Employed Members and Business Owners Are Eligible
- Employment Status - Full Time, Part Time, Casual Etc.. Additional Information: Employed Members Are Eligible
- Min Age - 18.
- Other Additional Information: Subject To Eligibility For Credit Via Loan Application Assessment
- Pension Recipient Additional Information: Centrelink Recipients And Self-Funded Retirees Are Eligible
- Residency Status - Australian Citizens Or Permanent Residents. Additional Information: Residents Of Australia Are Eligible
- Staff Additional Information: BHCCU Staff Are Eligible
- Student Additional Information: Student Members Are Eligible
Bank Fees and Charges
- Discharge Of Mortgage Fee (Event), Amount: 500.52.
- Lenders Mortgage Insurance (Upfront), Amount: 0.00.
- Enforcement Collection Cost (Event), Amount: 0.00.
- Valuation Fee (Upfront), Amount: 0.00.
- Solicitors Fee (Upfront), Amount: 0.00.
- Registration Fee (Upfront), Amount: 0.00.
- Agents Fee (Upfront), Amount: 0.00.
- Credit Report Fee (Upfront), Amount: 20.00.
- Loan Establishment Fee (Upfront), Amount: 655.00.
- Loan Establishment Fee - Self Employed Or Debt Consolidation (Upfront), Amount: 705.00.
- Bhccu Enforcement Expense (Event), Amount: 0.00.
- Loan Establishment Fee - Lenders Mortgage Insurance (Upfront), Amount: 855.00.
- Loan Contract Variation Fee (Event), Amount: 275.00.
- Guarantee Security Fee (Event), Amount: 325.00.
- Discharge Administration Fee (Event), Amount: 250.00.
- Credit Bureau Default Listing (Event), Amount: 75.00.
- Electronic Settlement Fee (Upfront), Amount: 0.00.
- Security Handling Fee (Event), Amount: 200.00.
- Progress Drawdown Fee (Event), Amount: 150.00.
- Ipex Fee (Upfront), Amount: 35.00.
- Settlement Fee (Event), Amount: 150.00.
- Debt Agreement Fee (Event), Amount: 150.00.
- Enforcement Expense (Event), Amount: 0.00.
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