People First Bank Home Build Access (HBA) Deposit Assist Loan
Variable rate
CEOH (NT ONLY) lends up to 10% of the purchase price as a deposit for the purchase of a new home or land off the plan.
- Interest rate a year, from
- 9.01%
- Comparison rate
- 9.07%
- Upfront fees
- Not published
- Annual fee
- Not published
- Monthly fee
- Not published
Monthly repayment
$47,500 over 30 years
What it would cost
At the lowest rate of 9.01% (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
- $383
- Total repayments
- $137,714
- Interest
- $90,214
Rates
Every rate People First Bank 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 10% | 9.01% | 9.07% |
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
- 10%
- Loan amount
- Up to $47,500
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
90%
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.
Cons
- No offset account. Your savings can't reduce the interest unless you pay them into the loan.