ORDE Financial Prestige Prime
Variable rateRedraw
The ORDE Prestige product provides funding for any reasonable purpose where prestige residential property is utilised as security. ORDE offers a flexible solution to support a range of borrower needs, tailoring outcomes to help customers leverage high-value assets to achieve their financial objectives.
- Interest rate a year, from
- 7.99%
- Comparison rate
- 8.16%
- Upfront fees
- Not published
- Annual fee
- Not published
- Monthly fee
- Not published
Monthly repayment
$3,000,000 over 30 years
What it would cost
At the lowest rate of 7.99% (variable, any, any). The rate you are offered depends on your deposit and the loan you choose, and upfront fees are not included.
- Monthly repayment
- $21,992
- Total repayments
- $7,917,130
- Interest
- $4,917,130
Rates
Every rate ORDE Financial 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 | Any | Any | Up to 65% | 7.99% | 8.16% |
| Variable | Any | Any | 65% to 70% | 8.54% | 8.72% |
| Variable | Any | Any | 70% to 75% | 8.64% | 8.82% |
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
- No
- Redraw
- Yes
- Highest LVR
- 75%
- Loan amount
- From $3,000,000 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.
Smallest deposit
25%
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.
Cons
- No offset account. Your savings can't reduce the interest unless you pay them into the loan.
- An early repayment fee. Paying the loan off early or refinancing can cost a fee, which cuts into what you save by repaying sooner.