Finty
Judo Bank

Judo Bank Home Loan

Variable or Fixed rateRedraw

The Judo Home Loan offers the choice of variable or fixed interest rate and tailored repayment options, with a choice of principal and interest or interest only. Only available to business lending customers.

Written byDavid Boyd
Interest rate a year, from
8.90%
Comparison rate
8.92%
Upfront fees
$900
Annual fee
Not published
Monthly fee
Not published

Monthly repayment

$600,000 over 30 years

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What it would cost

At the lowest rate of 8.90% (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
$4,785
Total repayments
$1,722,466
Interest
$1,122,466

Rates

Every rate Judo Bank 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 interestAny8.90%8.92%
VariableLive inInterest onlyAny8.90%8.92%
VariableInvestmentPrincipal and interestAny8.90%8.92%
VariableInvestmentInterest onlyAny8.90%8.92%
1 year fixedLive inPrincipal and interestAny9.51%8.98%
1 year fixedLive inInterest onlyAny9.51%8.98%
1 year fixedInvestmentPrincipal and interestAny9.51%8.98%
1 year fixedInvestmentInterest onlyAny9.51%8.98%
2 year fixedLive inPrincipal and interestAny9.45%9.03%
2 year fixedLive inInterest onlyAny9.45%9.03%
2 year fixedInvestmentPrincipal and interestAny9.45%9.03%
2 year fixedInvestmentInterest onlyAny9.45%9.03%
3 year fixedLive inPrincipal and interestAny9.34%9.05%
3 year fixedLive inInterest onlyAny9.34%9.05%
3 year fixedInvestmentPrincipal and interestAny9.34%9.05%
3 year fixedInvestmentInterest onlyAny9.34%9.05%
4 year fixedLive inPrincipal and interestAny9.52%9.15%
4 year fixedLive inInterest onlyAny9.52%9.15%
4 year fixedInvestmentPrincipal and interestAny9.52%9.15%
4 year fixedInvestmentInterest onlyAny9.52%9.15%
5 year fixedLive inPrincipal and interestAny9.53%9.20%
5 year fixedLive inInterest onlyAny9.53%9.20%
5 year fixedInvestmentPrincipal and interestAny9.53%9.20%
5 year fixedInvestmentInterest onlyAny9.53%9.20%

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
$900
Annual fee
Not published
Monthly fee
Not published

Features

Offset account
No
Redraw
Yes
Highest LVR
Not published
Loan amount
From $250,000 up to $20,000,000

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.

Variable rate

8.90%

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

Comparison rate

8.92%

For the same rate. Typical is 6.70%.

Upfront fees

$900

Typical upfront fees are $600.

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

  • A higher variable rate. 8.90%, above the typical 6.62%. On a $600,000 loan, every 0.10% more costs about $600 a year.
  • 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.