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Owner Occupied Home Loan with LVR<70% 3.97% P.a. Variable Rate | 3.98% P.a. Comparison Rate

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Owner Occupied Home Loan with LVR<70% 3.97% P.a. Variable Rate | 3.98% P.a. Comparison Rate
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Associatedsodhim on 10/10/2015 - 17:59 hashching.com.au (472 clicks)
Last edited 12/10/2015 - 21:49

Hi OzBargain community members,

We have secured this Owner Occupied home loan deal.

Owner Occupied Home loan with 3.97% p.a. variable rate | 3.98% p.a. comparison rate

  • Available for Owner Occupied home loan with Principal and Interest repayment option only
  • Full FREE offset account
  • Maximum LVR up to 70% with no application or ongoing fee. $150 settlement fee applies
  • Minimum borrowing loan amount of $200,000
  • This home loan product is backed by a Big 4 Bank

^The comparison rates are based on a loan amount of $150,000 and a term of 25 years. This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Hashching Pty Limited ACN 600 101 184 is a credit representative (Credit Representative Number 475352) of Australian Credit Licence 390261.

Financial Home Loan

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closed Comments

  • Trishool on 10/10/2015 - 18:21

    I'd rather go with ING, sure the comparison rate is a tad higher but they are well known, offer 24x7 phone support, and also offer 2% back on all paywave purchases under $100.

    Not negging this deal but considering I've never heard of Hasching, I'd rather keep my money with an established player.

    • Sidor on 10/10/2015 - 18:24
      +9

      you do not keep money with lender, the lender gives you the money

      • Trishool on 10/10/2015 - 20:04
        -2

        Yes if you really feel the need to be anal about my choice of words.

        Here comes the mod in 3, 2, 1….

      • harryzee on 10/10/2015 - 20:43
        +2

        This is true. But they can move on interest rates much quicker and higher than anyone. I found out the hard way. Started the cheapest ended 1% higher than everyone before I changed.

      • naritas on 11/10/2015 - 13:40

        Sidor, this is not strictly true for all borrowers. If you have a 100% offset account (which many people do) you are depositing funds into a transactional facility. Any deposit taking account is subject to rules so far as who 'gurantees' the safety of that money (https://www.moneysmart.gov.au/managing-your-money/banking) - independent finance companies are unlikely to give much protection for that money.

        Furthermore, if your lender goes belly up, the common practice is for them to sell their loan book to another lender. Given that nearly all loans allow for fees and charges to be subject to change, nearly all variable loans allow for rates to change purely at the discretion of the lender and that anyone whose repayment conduct is not perfect relies upon a lender's discretion to not call in their debt at short notice..the lender is actually something that should be a serious point for consideration to most borrowers with a variety of alternatives. To be clear, I am not arguing against small lenders - competition is vital to a successful financial system. I am just wanting to clear up any confusion so far as why one might want to consider aspects to do with the product issuer.

  • PinzVidz on 10/10/2015 - 18:54
    +1

    Financier in title please.

  • tap on 10/10/2015 - 19:24
    +3

    Never trust a website that uses that many stock images.

  • pitpicker on 10/10/2015 - 19:36

    —> Maximum LVR up to 70%
    Is this a hint that the bank is expecting a housing crash soon?

    • JetBombat on 10/10/2015 - 19:45

      no super dodgy loans left to give out

    • Matt P on 10/10/2015 - 20:27

      not really, its more that they're looking for lower risk loans to package up and offer a better rate to those clients.

  • Gav on 10/10/2015 - 19:40

    $150K (when your minimum is $200K)? 25 years? hahahaha. Like that's relevant to… no-one. Some basic research shows up some pretty dodgy "trading names" over the years.

    • hellbound on 13/10/2015 - 09:22

      That's the standard comparison rate terms, speak to APRA if you want it changed.

  • Steptoe on 10/10/2015 - 19:41

    NOT A BROKER

    What are you then?

    • JetBombat on 10/10/2015 - 19:49
      +1

      brokers' broker

      • keisha3100 on 11/10/2015 - 08:14
        +1

        Pure semantics - they are a "Credit Representative"

  • JetBombat on 10/10/2015 - 19:53

    "[The] consumer can select the home loan deal and submit the postcode which automatically notifies the HashChing verified mortgage broker servicing the postcode who gets in touch with the consumer directly to service the selected deal." link

  • Olokun on 10/10/2015 - 20:09
    +3

    Product disclosure statement thanks.

  • keisha3100 on 11/10/2015 - 08:14
    +3

    At very bottom of webpage "Credit Representative of Vow Financial Pty Limited ACL No: 39026"

    WELCOME TO VOW FINANCIAL - MORTGAGE AGGREGATOR FOR PROFESSIONAL BROKER GROUPS. http://www.vow.com.au/

    I wouldn't go near them

    • samprofs on 18/10/2015 - 14:33

      You do know VOW Financial have over 21 Billion dollars of mortgages under management.

      They are the same group as ASX listed Yellow Brick Road. Some of Australia's biggest mortgage brokerages aggregate under VOW Financial.

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