For a limited time, Adelaide Bank is offering:
- 3.99% on its offset variable interest-only owner occupied loan
- 3.94% on its basic variable interest-only owner occupied loan
With most banks charging a premium for interest-only repayment loan in recent times, this is a market leading rate, especially when the $375 establishment fee can be waived. The rate is available up to 90% lending ratio inclusive of mortgage insurance unless off the plan properties or high-density apartments are pledged as security. The lending ratio will be reduced to 70% for such securities.
Other Niches of the Adelaide Bank includes:
- Fixed rate products come with 100% offset facility and free rate lock
- A commercial loan is on 25 years loan term (not 15 years) up to 75% for $1,000,000 loan and 70% for greater than $1,000,000 loan.