Investment Property I/O Loan: 4.84% (CR 4.87%) & LVR upto 60%, 5.09% (CR 5.12%) & LVR upto 80% @ BankFirst

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AssociatedPLendingWorkshop @ Lending Workshop on 29/01/2023 - 12:48 bankfirst.com.au (146 clicks)
Last edited 30/01/2023 - 20:15 by 2 other users

What's so special? - Could be a good deal for someone with LVR up to 60% and wanting to go I/O for Inv Property Loan.

One-off fees	Amount
Establishment fee	$0
Settlement fee	$400
Redraw fee	$0

Ongoing fees	Amount
Annual fee	$0
Monthly fee	$0

Terms:-
Refer to the link for T's&C's

General Advice Warning. The information contained on this web page is general in nature and does not take into account your personal situation.

Regards,
Roopali
Director | Mortgage Broker
Lending Workshop Pty Ltd
Credit Representative Number 544854| Australian Credit Licence Number 391237| ABN 98 663 429 598|Certified FBAA Member M-353524.

Email [email protected]
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• 

  clubhonda on 29/01/2023 - 13:52

  +1

  The rates are nothing special for the lvrs listed. Even worse, no cashback from either than bank (normally $4-5k) or the broker ($1-2k)

• 

  LordPepe on 29/01/2023 - 14:32

  +1

  You know you are in a property bubble when mortgage brokers are promoting property investment on a bargain website.

  • 

    mr_asstight on 29/01/2023 - 14:41

    +1

    Going to get worse with hyperinflation.

  • 

    spock on 29/01/2023 - 14:52

    +1

    The bubble will burst big time my next door neighbor brought his house 11 months ago on and now needs to sell it, why i don't know, he paid $985k he was just telling me that its worth $825k .

    • 

      HeyHi on 29/01/2023 - 15:13

      -1

      What suburb is this one ? Yet to see the prices going down .

      • 

        spock on 29/01/2023 - 15:55

        4211 post code

        • 

          mr_asstight on 29/01/2023 - 16:01

          @spock: nice! i'll buy there!

• 

  payless69 on 29/01/2023 - 15:45

  -1

  Nice!
  Good to see some transparency.
  Great for govt workers who still have some job guarantee and profit from negative gearing.
  Hands up all private sector slaves who will have their carpet pulled under their feet with comrade 'bo hammering down prices…….

• 

  BruceLee on 29/01/2023 - 21:45

  "Could be a good deal for someone with LVR up to 60% and wanting to go I/O for Inv Property Loan"

  Is that correct?

  Bankfirst's website states that the 4.84% rate is for principal & interest loans, not interest only loans:

  https://www.bankfirst.com.au/loans/home-loans/invest-in-prop…

  • 

    GuyfromMelbourne on 29/01/2023 - 22:26

    They don’t differentiate rates based on P&I and I/O. So same rates.