Finty
MOVE Bank

MOVE Bank Offset Home Loan

Variable or Fixed rateOffsetRedraw

A home loan from MOVE Bank with variable and fixed rates from 6.29% a year.

Written byDavid Boyd
Interest rate a year, from
6.29%
Comparison rate
Not published
Upfront fees
Not published
Annual fee
Not published
Monthly fee
Not published

Monthly repayment

$30 over 30 years

Apply now

What it would cost

At the lowest rate of 6.29% (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
$0
Total repayments
$67
Interest
$37

Rates

Every rate MOVE 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 interestAny6.29%–
VariableLive inPrincipal and interestAny6.49%–
VariableLive inPrincipal and interestAny6.59%–
VariableLive inInterest onlyAny6.29%–
VariableLive inInterest onlyAny6.49%–
VariableLive inInterest onlyAny6.59%–
VariableInvestmentPrincipal and interestAny6.44%–
VariableInvestmentPrincipal and interestAny6.59%–
VariableInvestmentInterest onlyAny6.64%–
VariableInvestmentInterest onlyAny6.79%–
1 year fixedLive inPrincipal and interestAny6.69%–
1 year fixedInvestmentPrincipal and interestAny6.84%–
1 year fixedInvestmentInterest onlyAny7.04%–
2 year fixedLive inPrincipal and interestAny6.69%–
2 year fixedInvestmentPrincipal and interestAny6.84%–
2 year fixedInvestmentInterest onlyAny7.04%–
3 year fixedLive inPrincipal and interestAny6.64%–
3 year fixedInvestmentPrincipal and interestAny6.79%–
3 year fixedInvestmentInterest onlyAny6.99%–
5 year fixedLive inPrincipal and interestAny6.84%–
5 year fixedInvestmentPrincipal and interestAny6.99%–
5 year fixedInvestmentInterest onlyAny7.19%–

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
Not published
Annual fee
Not published
Monthly fee
Not published

Features

Offset account
Yes
Redraw
Yes
Highest LVR
95%
Loan amount
From $1 up to $30

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

6.29%

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

Smallest deposit

5%

Most loans need at least 10% of the price.

Pros and cons

Pros

  • A lower variable rate. 6.29%, below the typical 6.62%. On a $600,000 loan, every 0.10% less saves about $600 a year in interest.
  • 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.
  • 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

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.