Economy Standard Variable Home Loan

The Economy standard variable home loan is packaged with a low rate, flexible features and no ongoing account fees.

This home loan will suit:

• Home owners wanting to lower their current repayments
• First home buyers looking for an affordable home loan
• Investors and owner-occupiers looking to refinance and/or consolidate debt

Enjoy these benefits:

• Low rate
• No account keeping fees
• The flexibility to repay extra and redraw funds when you need them

Key Home Loan Features

Who is this home loan for?		Owner occupied or investment property purchases, re-financing existing residential or investment or business loans
How much can you borrow with this loan?		From $30,000 to $2,500,000 per security property
What is the maximum amount I can borrow against the value of my property?		Subject to your loan size (conditions apply): Up to 97% for owner occupied loans up to $500,000 Up to 95% for owner occupied and investment loans up to $650,000 Up to 90% for all loans up to $750,000 Up to 85% for all loans up to $1,000,000 Up to 80% for all loans up to $2,500,000
Is Lenders Mortgage Insurance payable?		Lenders Mortgage Insurance is payable if the amount borrowed is greater than 80% of the value of the property (conditions apply)*
The maximum loan term?		30 Years
Can I make interest only repayments?		Yes, for 2,3,5 or 10 years
Repayment frequency		Weekly, fortnightly or monthly by electronic direct debit or direct salary credit. Extra repayments can be made on variable loans.
Can I split the loan?		Yes, up to 4 separate splits per facility.
Is there a re-draw facility?		Unlimited re-draw at no cost. Minimum re-draw $50 when using our loan service line or loan service net for all variable rate loans.
Internet Banking		Yes, payment can also be made to any bank, building society or credit union directly from your loan using a valid BSB and account number (excludes credit cards). Max $5,000 per day.

To see the comparison rate schedule for this loan click here

Rates are subject to change without notice. All applications are subject to Economy Home Loans' normal credit approval criteria. Full terms, conditions and schedule of fees are set out in the relevant loan contracts. Terms and conditions, including fees and charges, may be varied or introduced in the future. Fees and charges are payable. Government charges and taxes may apply.