Finty
ORDE Financial

ORDE Financial Residential Expat Near Prime

Variable rate

ORDE’s solution-focused Residential Expat Near Prime product is designed for Australian Citizens and Permanent Residents residing overseas or deriving greater than 50% of their income from overseas sources with more flexible lending requirements. Key factors such as loan size, employment profile, income source and credit history are considered in determining the final interest rate. Refer to eligibility or discuss with your Broker.

Written byDavid Boyd
Interest rate a year, from
7.89%
Comparison rate
8.18%
Upfront fees
Not published
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 7.89% (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
$4,357
Total repayments
$1,568,399
Interest
$968,399

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.

RatePropertyRepaymentsLVRInterest rateComparison rate
VariableLive inPrincipal and interestUp to 65%7.89%8.18%
VariableLive inPrincipal and interest65% to 75%7.99%8.28%
VariableLive inPrincipal and interest75% to 80%8.14%8.43%
VariableLive inInterest onlyUp to 65%8.19%8.49%
VariableLive inInterest only65% to 75%8.29%8.59%
VariableLive inInterest only75% to 80%8.44%8.74%
VariableInvestmentPrincipal and interestUp to 65%8.19%8.49%
VariableInvestmentPrincipal and interest65% to 75%8.29%8.59%
VariableInvestmentPrincipal and interest75% to 80%8.44%8.74%
VariableInvestmentInterest onlyUp to 65%8.49%8.79%
VariableInvestmentInterest only65% to 75%8.59%8.89%
VariableInvestmentInterest only75% to 80%8.74%9.04%

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
No
Highest LVR
80%
Loan amount
From $100,000 up to $2,000,000

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

8.14%

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

Comparison rate

8.43%

For the same rate. Typical is 6.70%.

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.
  • 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. 8.14%, 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.
  • An early repayment fee. Paying the loan off early or refinancing can cost a fee, which cuts into what you save by repaying sooner.

Similar home loans

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