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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%