Aussie Select Basic 1 Year Fixed (Owner Occupied)
Fixed rate
A no-frills fixed rate home loan offering repayment certainty, with limited additional repayment options.
- Interest rate a year, from
- 6.99%
- Comparison rate
- 6.59%
- Upfront fees
- $945
- Annual fee
- Not published
- Monthly fee
- Not published
Monthly repayment
$600,000 over 30 years
What it would cost
At the lowest rate of 6.99% (1 year fixed, 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
- $3,988
- Total repayments
- $1,435,603
- Interest
- $835,603
Rates
Every rate Aussie Select 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 |
|---|---|---|---|---|---|
| 1 year fixed | Live in | Principal and interest | Up to 60% | 6.99% | 6.59% |
| 1 year fixed | Live in | Principal and interest | 60.01% to 70% | 6.99% | 6.59% |
| 1 year fixed | Live in | Principal and interest | 70.00999999999999% to 80% | 6.99% | 6.59% |
| 1 year fixed | Live in | Principal and interest | 80.01% to 90% | 7.19% | 6.61% |
| 1 year fixed | Live in | Principal and interest | 90.01% to 95% | 7.39% | 6.73% |
| 1 year fixed | Live in | Interest only | Up to 60% | 7.24% | 6.61% |
| 1 year fixed | Live in | Interest only | 60.01% to 70% | 7.24% | 6.61% |
| 1 year fixed | Live in | Interest only | 70.00999999999999% to 80% | 7.24% | 6.61% |
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
- $945
- Annual fee
- Not published
- Monthly fee
- Not published
Features
- Offset account
- No
- Redraw
- No
- Highest LVR
- 95%
- Loan amount
- From $100,000 up to $5,000,000
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.
Upfront fees
$945
Typical upfront fees are $600.
Smallest deposit
5%
Most loans need at least 10% of the price.
Pros and cons
Pros
- No early repayment fee listed. You can pay the loan off early, or refinance, without a penalty. Check the terms to be sure.
- Fixed rates on offer. You can fix for 1 year if you'd like repayments that don't change for a while.
- 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
- No offset account. Your savings can't reduce the interest unless you pay them into the loan.