ORDE Financial Residential Full Doc Prime
Variable rateRedraw
The ORDE Residential Product caters to both PAYG and self-employed applicants to assist them in meeting their loan objectives where residential property is available as security. Whether purchase, refinance, cashout or consolidation, ORDE understands your customer's past to help them reach their future goals.
- Interest rate a year, from
- 6.99%
- Comparison rate
- 7.09%
- 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 6.99% (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
- $3,988
- Total repayments
- $1,435,603
- Interest
- $835,603
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% | 6.99% | 7.09% |
| Variable | Live in | Principal and interest | 65% to 75% | 7.14% | 7.24% |
| Variable | Live in | Principal and interest | 75% to 80% | 7.24% | 7.34% |
| Variable | Live in | Principal and interest | 80% to 85% | 7.99% | 8.17% |
| Variable | Live in | Interest only | Up to 65% | 7.29% | 7.39% |
| Variable | Live in | Interest only | 65% to 75% | 7.44% | 7.54% |
| Variable | Live in | Interest only | 75% to 80% | 7.54% | 7.64% |
| Variable | Live in | Interest only | 80% to 85% | 8.29% | 8.47% |
| Variable | Investment | Principal and interest | Up to 65% | 7.14% | 7.24% |
| Variable | Investment | Principal and interest | 65% to 75% | 7.29% | 7.39% |
| Variable | Investment | Principal and interest | 75% to 80% | 7.39% | 7.49% |
| Variable | Investment | Principal and interest | 80% to 85% | 8.14% | 8.32% |
| Variable | Investment | Interest only | Up to 65% | 7.39% | 7.49% |
| Variable | Investment | Interest only | 65% to 75% | 7.59% | 7.69% |
| Variable | Investment | Interest only | 75% to 80% | 7.69% | 7.79% |
| Variable | Investment | Interest only | 80% to 85% | 8.44% | 8.62% |
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
- 85%
- Loan amount
- From $100,000 up to $3,000,000
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
7.24%
For a home you live in, paying principal and interest. Typical is 6.62%.
Comparison rate
7.34%
For the same rate. Typical is 6.70%.
Smallest deposit
15%
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.
- 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
- 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
- 7.24%
- Comparison rate
- 7.29%
- Variable rate from
- 7.24%
- Comparison rate
- 7.30%
- Variable rate from
- 7.24%
- Comparison rate
- 7.59%
