Products
Extra Home Loan Product Discount Margin (Life of Loan Discount)
Back to Extra Home Loan
- The offer the customer is eligible for is locked in when loan documents are generated
- The relevant customer discount and final rate are automatically applied
- Extra Home Loan (life of loan discount) is only available for new loans with minimum new borrowing of $10,000 (excluding Lenders' Mortgage Insurance (LMI) or Low Deposit Premium (LDP) and financed fees, if applicable).
- Extra Home Loan (life of loan discount) is only available with minimum new borrowing of $150,000 (excluding Lenders' Mortgage Insurance (LMI) or Low Deposit Premium (LDP) and financed fees, if applicable) above the existing loan for internal refinance and top-up loan applications.
Loan Type
|
Variable Reference Rate
|
Effective Date |
Extra Home Loan Variable Reference Rate
|
3.78% p.a.
|
24/03/2020
|
| Extra Home Loan (Interest Only) Variable Reference Rate |
4.34% p.a.
|
24/03/2020 |
| Extra Investment Home Loan Variable Reference Rate |
4.13% p.a. |
24/03/2020 |
| Extra Investment Home Loan (Interest Only) Variable Reference Rate |
4.69% p.a. |
24/03/2020 |
Owner Occupied Home Loans - Principal and Interest
Effective Date
25/09/2020 |
Extra Home Loan (life of loan discount) ≤ 70% LVR |
Extra Home Loan (life of loan discount) > 70% to 80% LVR |
Extra Home Loan (life of loan discount) > 80% LVR |
| Loan Amount |
Discount p.a. |
Interest Rate p.a. |
Discount p.a. |
Interest Rate p.a. |
Discount p.a. |
Interest Rate p.a. |
| $10,000 + |
-1.09 |
2.69% |
-1.09 |
2.69% |
-0.65 |
3.13% |
Owner Occupied Home Loans - Interest Only
Effective Date
25/09/2020 |
Extra Home Loan Interest Only (life of loan discount) ≤ 70% LVR |
Extra Home Loan Interest Only (life of loan discount) > 70% to 80% LVR |
Extra Home Loan Interest Only (life of loan discount) > 80% LVR |
| Loan Amount |
Discount p.a. |
Interest Rate p.a. |
Discount p.a. |
Interest Rate p.a. |
Discount p.a. |
Interest Rate p.a. |
| $10,000 + |
-1.09 |
3.25% |
-1.09 |
3.25% |
-0.65 |
3.69% |
Investment Home Loans - Principal and Interest
Effective Date
25/09/2020 |
Extra Investment Home Loan (life of loan discount) ≤ 70% LVR |
Extra Investment Home Loan (life of loan discount) > 70% to 80% LVR |
Extra Investment Home Loan (life of loan discount) > 80% LVR |
| Loan Amount |
Discount p.a. |
Interest Rate p.a. |
Discount p.a. |
Interest Rate p.a. |
Discount p.a. |
Interest Rate p.a. |
| $10,000 + |
-1.01 |
3.12% |
-0.98 |
3.15% |
-0.59 |
3.54% |
Investment Home Loans - Interest Only
Effective Date
25/09/2020 |
Extra Investment Home Loan Interest Only (life of loan discount) ≤ 70% LVR |
Extra Investment Home Loan Interest Only (life of loan discount) > 70% to 80% LVR |
Extra Investment Home Loan Interest Only (life of loan discount) > 80% LVR |
| Loan Amount |
Discount p.a. |
Interest Rate p.a. |
Discount p.a. |
Interest Rate p.a. |
Discount p.a. |
Interest Rate p.a. |
| $10,000 + |
-1.01 |
3.68% |
-0.98 |
3.71% |
-0.59 |
4.10% |