Finty
Connective Select Home Loans

Connective Select Home Loans Basic Home Loan

Variable or Fixed rateRedraw

For customers looking for a simple, no frills home loan with low upfront fees and no ongoing fees (MSF).

Written byDavid Boyd
Interest rate a year, from
6.34%
Comparison rate
6.36%
Upfront fees
$199
Annual fee
Not published
Monthly fee
None

Monthly repayment

$600,000 over 30 years

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What it would cost

At the lowest rate of 6.34% (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
$3,729
Total repayments
$1,342,618
Interest
$742,618

Rates

Every rate Connective Select Home Loans publishes for this loan. LVR is the loan as a share of the property's value: 80% for a 20% deposit.

RatePropertyRepaymentsLVRInterest rateComparison rate
VariableLive inPrincipal and interestUp to 50%6.34%6.36%
VariableLive inPrincipal and interest50.01% to 60%6.34%6.36%
VariableLive inPrincipal and interest60.01% to 70%6.39%6.41%
VariableLive inPrincipal and interest70.00999999999999% to 80%6.54%6.56%
VariableLive inInterest onlyUp to 80%7.58%7.01%
VariableInvestmentPrincipal and interestUp to 50%6.49%6.51%
VariableInvestmentPrincipal and interest50.01% to 60%6.49%6.51%
VariableInvestmentPrincipal and interest60.01% to 70%6.54%6.56%
VariableInvestmentPrincipal and interest70.00999999999999% to 80%6.64%6.66%
VariableInvestmentInterest onlyUp to 50%6.69%6.59%
VariableInvestmentInterest only50.01% to 60%6.69%6.59%
VariableInvestmentInterest only60.01% to 70%6.79%6.67%
VariableInvestmentInterest only70.00999999999999% to 80%6.89%6.77%
1 year fixedLive inPrincipal and interestUp to 80%6.59%6.56%
1 year fixedLive inInterest onlyUp to 80%7.09%6.62%
1 year fixedInvestmentPrincipal and interestUp to 80%6.74%6.67%
1 year fixedInvestmentInterest onlyUp to 80%6.84%6.68%
2 year fixedLive inPrincipal and interestUp to 80%6.59%6.57%
2 year fixedLive inInterest onlyUp to 80%7.09%6.67%
2 year fixedInvestmentPrincipal and interestUp to 80%6.74%6.68%
2 year fixedInvestmentInterest onlyUp to 80%6.84%6.70%
3 year fixedLive inPrincipal and interestUp to 80%6.69%6.60%
3 year fixedLive inInterest onlyUp to 80%7.19%6.74%
3 year fixedInvestmentPrincipal and interestUp to 80%6.84%6.72%
3 year fixedInvestmentInterest onlyUp to 80%6.94%6.74%
4 year fixedLive inPrincipal and interestUp to 80%6.79%6.65%
4 year fixedLive inInterest onlyUp to 80%7.29%6.83%
4 year fixedInvestmentPrincipal and interestUp to 80%6.94%6.77%
4 year fixedInvestmentInterest onlyUp to 80%7.04%6.80%
5 year fixedLive inPrincipal and interestUp to 80%6.79%6.67%
5 year fixedLive inInterest onlyUp to 80%7.29%6.88%
5 year fixedInvestmentPrincipal and interestUp to 80%6.94%6.79%
5 year fixedInvestmentInterest onlyUp to 80%7.04%6.83%

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
$199
Annual fee
Not published
Monthly fee
None

Features

Offset account
No
Redraw
Yes
Highest LVR
80%
Loan amount
From $5,000

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.

Variable rate

6.54%

For a home you live in, paying principal and interest. Typical is 6.62%.

Comparison rate

6.56%

For the same rate. Typical is 6.70%.

Upfront fees

$199

Typical upfront fees are $600.

Smallest deposit

20%

Most loans need at least 10% of the price.

Pros and cons

Pros

  • 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.
  • Fixed rates on offer. You can fix for 1 to 5 years 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.

Similar home loans

Home loans from other lenders with a similar starting variable rate, for a home you live in with a 20% deposit.