ORDE Financial Residential Expat Prime
Variable rate
The ORDE Residential Expat Prime product is designed for Australian Citizens and Permanent Residents residing overseas or deriving greater than 50% of their income from overseas sources. ORDE provides a straightforward lending solution for customers with strong financial profiles, supporting a range of residential loan objectives with a pragmatic approach.
- Interest rate a year, from
- 7.24%
- Comparison rate
- 7.49%
- Upfront fees
- Not published
- Annual fee
- Not published
- Monthly fee
- Not published
Monthly repayment
$600,000 over 30 years
What it would cost
At the lowest rate of 7.24% (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
- $4,089
- Total repayments
- $1,472,036
- Interest
- $872,036
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 | Live in | Principal and interest | Up to 65% | 7.24% | 7.49% |
| Variable | Live in | Principal and interest | 65% to 75% | 7.39% | 7.65% |
| Variable | Live in | Principal and interest | 75% to 80% | 7.49% | 7.75% |
| Variable | Live in | Interest only | 7.44% to 7.7% | 7.69% | 7.95% |
| Variable | Live in | Interest only | Up to 65% | 7.54% | 7.80% |
| Variable | Live in | Interest only | 75% to 80% | 7.79% | 8.05% |
| Variable | Investment | Principal and interest | Up to 65% | 7.54% | 7.80% |
| Variable | Investment | Principal and interest | 65% to 75% | 7.69% | 7.95% |
| Variable | Investment | Principal and interest | 75% to 80% | 7.79% | 8.05% |
| Variable | Investment | Interest only | Up to 65% | 7.84% | 8.10% |
| Variable | Investment | Interest only | 65% to 75% | 7.99% | 8.25% |
| Variable | Investment | Interest only | 75% to 80% | 7.79% | 8.05% |
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
7.49%
For a home you live in, paying principal and interest. Typical is 6.62%.
Comparison rate
7.75%
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. 7.49%, 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.
- Variable rate from
- 7.49%
- Comparison rate
- 7.49%
- Variable rate from
- 7.49%
- Comparison rate
- 7.54%
- Variable rate from
- 7.49%
- Comparison rate
- 7.93%
