LVR stands for the initial loan to value ratio at loan approval. LVR may be the quantity of your loan set alongside the Bank’s valuation of your home wanted to secure your loan expressed as a portion.
As an example, financing of $400,000 to get a residential property worth $500,000 leads to a loan to value ratio of 80%. The interest levels listed here are for brand new loans. Mortgage rates are set in line with the LVR that is initial don’t change as a result of modifications into the LVR through the lifetime of the mortgage.
Get a 0.15% p.a. Discount on Advantage Package * for balances above $150,000 (contained in the rates that are below
| Term | yearly price | contrast price 1 |
|---|---|---|
| Principal & Interest | ||
| 12 months standard fixed rate less package discount | 2.94% p.a. | 3.86% p.a. |
| LVR up to 60% (Includes further discount of 0.10% p.a. ) |
2.84% p.a. | 3.76% p.a. |
| LVR above 60per cent as much as 80per cent (Includes further discount of 0.05% p.a. ) |
2.89% p.a. | 3.81% p.a. |
| LVR above 80% (No modification to rate that is standard |
2.94percent p.a. | 3.86% p.a. |
| 2 year standard fixed rate less package discount | 2.94% p.a. | 3.81% p.a. |
| LVR up to 60% (Includes further discount of 0.10% p.a. ) |
2.84% p.a. | 3.72% p.a. |
| LVR above 60per cent as much as 80per cent Continue reading |
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