AFG Home Loans Retro Retro Lite
Variable rateOffsetRedraw
A low doc OO/INV variable home loan with both P&I and IO rate
- Interest rate a year, from
- 7.19%
- Comparison rate
- 7.53%
- Upfront fees
- $675
- Annual fee
- Not published
- Monthly fee
- Not published
Monthly repayment
$600,000 over 30 years
What it would cost
At the lowest rate of 7.19% (variable, live in, principal and interest). The rate you are offered depends on your deposit and the loan you choose, and upfront fees are not included.
- Monthly repayment
- $4,069
- Total repayments
- $1,464,721
- Interest
- $864,721
Rates
Every rate AFG Home Loans Retro publishes for this loan. LVR is the loan as a share of the property's value: 80% for a 20% deposit.
| Rate | Property | Repayments | LVR | Interest rate | Comparison rate |
|---|---|---|---|---|---|
| Variable | Live in | Principal and interest | Up to 60% | 7.19% | 7.53% |
| Variable | Live in | Principal and interest | Up to 60% | 7.19% | 7.53% |
| Variable | Live in | Principal and interest | Up to 60% | 7.19% | 7.53% |
| Variable | Live in | Principal and interest | 60% to 70% | 7.19% | 7.53% |
| Variable | Live in | Principal and interest | 60% to 70% | 7.19% | 7.53% |
| Variable | Live in | Principal and interest | 60% to 70% | 7.19% | 7.53% |
| Variable | Live in | Principal and interest | 70% to 80% | 7.39% | 7.73% |
| Variable | Live in | Principal and interest | 70% to 80% | 7.39% | 7.73% |
| Variable | Live in | Principal and interest | 70% to 80% | 7.49% | 7.83% |
| Variable | Live in | Principal and interest | 80% to 90% | 8.09% | 8.42% |
| Variable | Live in | Principal and interest | 80% to 90% | 8.09% | 8.42% |
| Variable | Live in | Principal and interest | 80% to 90% | 8.09% | 8.42% |
| Variable | Live in | Interest only | Up to 60% | 7.49% | 7.64% |
| Variable | Live in | Interest only | Up to 60% | 7.49% | 7.64% |
| Variable | Live in | Interest only | Up to 60% | 7.49% | 7.64% |
| Variable | Live in | Interest only | 60% to 70% | 7.49% | 7.64% |
| Variable | Live in | Interest only | 60% to 70% | 7.49% | 7.64% |
| Variable | Live in | Interest only | 60% to 70% | 7.49% | 7.64% |
| Variable | Live in | Interest only | 70% to 80% | 7.69% | 7.84% |
| Variable | Live in | Interest only | 70% to 80% | 7.69% | 7.84% |
| Variable | Live in | Interest only | 70% to 80% | 7.94% | 8.01% |
| Variable | Investment | Principal and interest | Up to 60% | 7.34% | 7.68% |
| Variable | Investment | Principal and interest | Up to 60% | 7.34% | 7.68% |
| Variable | Investment | Principal and interest | Up to 60% | 7.34% | 7.68% |
| Variable | Investment | Principal and interest | 60% to 70% | 7.39% | 7.73% |
| Variable | Investment | Principal and interest | 60% to 70% | 7.39% | 7.73% |
| Variable | Investment | Principal and interest | 60% to 70% | 7.39% | 7.73% |
| Variable | Investment | Principal and interest | 70% to 80% | 7.54% | 7.88% |
| Variable | Investment | Principal and interest | 70% to 80% | 7.54% | 7.88% |
| Variable | Investment | Principal and interest | 70% to 80% | 7.64% | 7.98% |
| Variable | Investment | Principal and interest | 80% to 90% | 8.29% | 8.62% |
| Variable | Investment | Principal and interest | 80% to 90% | 8.29% | 8.62% |
| Variable | Investment | Principal and interest | 80% to 90% | 8.29% | 8.62% |
| Variable | Investment | Interest only | Up to 60% | 7.49% | 7.73% |
| Variable | Investment | Interest only | Up to 60% | 7.49% | 7.73% |
| Variable | Investment | Interest only | Up to 60% | 7.49% | 7.73% |
| Variable | Investment | Interest only | Up to 60% | 7.59% | 7.82% |
| Variable | Investment | Interest only | Up to 60% | 7.59% | 7.82% |
| Variable | Investment | Interest only | Up to 60% | 7.59% | 7.82% |
| Variable | Investment | Interest only | 60% to 70% | 7.49% | 7.75% |
| Variable | Investment | Interest only | 60% to 70% | 7.49% | 7.75% |
| Variable | Investment | Interest only | 60% to 70% | 7.49% | 7.75% |
| Variable | Investment | Interest only | 60% to 70% | 7.59% | 7.83% |
| Variable | Investment | Interest only | 60% to 70% | 7.59% | 7.83% |
| Variable | Investment | Interest only | 60% to 70% | 7.59% | 7.83% |
| Variable | Investment | Interest only | 70% to 80% | 7.64% | 7.90% |
| Variable | Investment | Interest only | 70% to 80% | 7.64% | 7.90% |
| Variable | Investment | Interest only | 70% to 80% | 7.74% | 8.00% |
| Variable | Investment | Interest only | 70% to 80% | 7.74% | 7.98% |
| Variable | Investment | Interest only | 70% to 80% | 7.74% | 7.98% |
| Variable | Investment | Interest only | 70% to 80% | 7.84% | 8.08% |
| Variable | Investment | Interest only | 80% to 90% | 8.39% | 8.65% |
| Variable | Investment | Interest only | 80% to 90% | 8.39% | 8.65% |
| Variable | Investment | Interest only | 80% to 90% | 8.39% | 8.65% |
Comparison rates are for an example loan of $150,000 over 25 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Fees and features
Fees
- Upfront fees
- $675
- Annual fee
- Not published
- Monthly fee
- Not published
Features
- Offset account
- Yes
- Redraw
- Yes
- Highest LVR
- 90%
- Loan amount
- Not published
How it compares
Against the other home loans we compare, for a home you live in with a 20% deposit. Typical means the middle half of them.
Variable rate
7.39%
For a home you live in, paying principal and interest. Typical is 6.62%.
Comparison rate
7.73%
For the same rate. Typical is 6.70%.
Upfront fees
$675
Typical upfront fees are $600.
Smallest deposit
10%
Most loans need at least 10% of the price.
Pros and cons
Pros
- An offset account. Money in it is taken off your balance when interest is worked out, so your savings and pay cut the interest while staying easy to reach.
- Extra repayments. Paying more than the minimum pays the loan off sooner and cuts the interest you pay.
- Redraw. You can take back extra repayments later if you need the money.
- No early repayment fee listed. You can pay the loan off early, or refinance, without a penalty. Check the terms to be sure.
- Interest only available. Some investors use it to keep repayments down for a few years, though the balance doesn't fall in that time.
Cons
Nothing stands out.
Similar home loans
Home loans from other lenders with a similar starting variable rate, for a home you live in with a 20% deposit.
- Variable rate from
- 7.39%
- Comparison rate
- 7.47%
- Variable rate from
- 7.39%
- Comparison rate
- 7.46%
- Variable rate from
- 7.39%
- Comparison rate
- 7.73%
