ORDE Financial Residential Non-Resident
Variable rate
The ORDE Non Resident product is designed for non-resident borrowers looking to invest in Australian Residential Property with Foreign Investment Review Board(FIRB) approval.
- Interest rate a year, from
- 7.89%
- Comparison rate
- 8.07%
- 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 7.89% (variable, investment, 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.
| Rate | Property | Repayments | LVR | Interest rate | Comparison rate |
|---|---|---|---|---|---|
| Variable | Investment | Principal and interest | Up to 55% | 7.89% | 8.07% |
| Variable | Investment | Principal and interest | 55% to 70% | 8.04% | 8.39% |
| Variable | Investment | Principal and interest | 70% to 75% | 8.14% | 8.49% |
| Variable | Investment | Interest only | Up to 55% | 8.19% | 8.37% |
| Variable | Investment | Interest only | 55% to 70% | 8.09% | 8.44% |
| Variable | Investment | Interest only | 70% to 75% | 8.44% | 8.80% |
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
- 75%
- Loan amount
- From $100,000 up to $1,500,000
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.
- 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.