Apply Anywhere, Anytime!

Enjoy the convenience and flexibility of our simple online application.

Apply Online

Talk to a Lending Specialist

Book a Call Back

Key Features

You can SAVE hundreds
with this loan

*T&Cs Apply
  • Redraw Facility
    Yes
  • Additional Repayments
    Yes
  • Loan Type
    Variable
  • Min Loan
    Max Loan
    $250,000.00
    $500,000.00
  • On-Going Fees
    Yes
  • Internet Access
    Yes
  • LVR
    50%
  • Repayment Type
    Principal & Interest

Repayments Calculator

The interest rate for the loan.
% p.a.
What is the length of time to repay the loan?
years
How much do you want to borrow?
$
What is the type of the loan?

Principal
& Interest

Interest Only

Your Repayments

  • Weekly
  • Fortnightly
  • Monthly

$0 per month

Important Disclaimer: This is intended as a guide only. Details of terms and conditions, interest rates, fees and charges are available upon application. Mortgage House’s prevailing credit criteria apply. Please note that your actual fortnightly repayment would be equal to the monthly repayment amount divided by two. Weekly repayments would equal the monthly repayment amount divided by four. If you choose to pay fortnightly or weekly, your actual repayments will be higher than repayments shown on this page. You can reduce the term of your loan if you choose to make repayments fortnightly or weekly. We recommend you seek independent legal and financial advice before proceeding with any loan.

Loan Details

  •  
    Interest Rate
    Comparison Rate
    The Comparison Rate is based on a loan of $150,000.00 over 25 years. Fees and charges may be payable. WARNING: The 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.
  • Owner Occupied
    3.59% p.a.
    3.59% p.a.
  • Maximum LVR
    50%
     
  • Minimum Loan Size
    $250,000.00
     
  • Maximum Loan Size
    $500,000.00
     
  • Fixed Rates
     
     
  • Loan Splitting
     
     
Repayment Options
  • Principal & Interest
    A loan in which both the principal and the interest are repaid over the term of the loan. Amortisation or amortising is another word for these loans that are gradually being paid off over a set period of time (the loan term). P&I can also be the abbreviation term for Principal & Interest.
    Yes
     
  • Interest Only
     
     
  • Additional Repayments
    Money IN - Allows you to make additional repayments without penalty.
    Yes
     
  • Direct Debits
    Money IN - A direct debit is an automatic payment that is set up to repay your home loan. You specify the frequency and repayment amount as well as the bank or transaction account that the repayment is to be drawn from and this payment will occur automatically on the set due date.
    Yes
     
  • Salary Credit
    Money IN - A manual payment to a loan account either via internet transfer or employee payroll transfer
    Yes
     
  • Direct Credits
    Money IN - The ability for an external party to pay directly into a borrower's loan account
    Yes
     
  • Deposit Card
     
     
  • Bpay In
    Money IN - The ability to pay your loan via a unique biller code from another financial institution
    Yes
     
  • Capitalising of Interest
     
     
  • Line of Credit
     
     
Loan Purpose
  • Purchase
     
     
  • Refinance
    Where you are looking to move your current loan from one lender to another
    Yes
     
  • Debt Consolidation
     
     
  • Construction
     
     
  • Vacant Land
     
     
  • Equity Release
     
     
  • Business Purpose
     
     
Features
  • 100% Offset Facility
     
     
  • Redraw Facility
    Money OUT - If you have made any lump sum or additional principal repayments to your loan account in excess of the standard repayment amount, you can access or draw back those extra repayments.
    Yes
     
  • No Monthly Fees
    No fee to pay each & every month.
    Yes
     
  • No Package Fee (excluding Stretch Feature)
    No fee to pay each & every year.
    Yes
     
  • No Rate Lock Fee
     
     
  • Stretch Package Feature
     
     
  • Low Deposit Option
     
     
  • Toggle Feature
     
     
  • Relocation Feature
     
     
  • Repayment Sweep of Credit Card
     
     
  • Internet Access
    The access via the internet to view & administer your home loan.
    Yes
     
  • Phone Access
     
     
  • ATM / EFTPOS Debit Card
     
     
  • 3rd Party Direct Debits
     
     
  • Repayment Required
    Each repayment cycle (normally monthly) a repayment must be made, regardless if you have redraw available in the loan account.
    Yes
     
  • Cheque Book
     
     
  • LMI Premium Capitalisation
     
     
  • 3rd Party Protocol Friendly
    Money IN and Money OUT - A payment made to a loan account or an amount taken from a loan account either via internet transfer, employee payroll transfer or by an external party
    Yes
     
  • Loan Switching
    You can switch you loans variable interest rate to a fixed interest rate (subject to the terms and conditions of your loan)
    Yes
     
  • Up to 40 Year Loan Term
     
     
  • Up to 30 Year Loan Term
     
     
  • Up to 25 Year Loan Term
     
     
  • SMSF Loans
     
     
  • Deposit Bond
    A deposit bond acts as a substitute for the cash deposit in between signing a contract and settlement and can be issued for all or part of the deposit amount required, up to 10% of the purchase price. At settlement, the purchaser is required to pay the full purchase price including the deposit.
    Yes
     
  • NRAS Option
     
     
  • Bpay Out
     
     
  • No LMI Premium Payable By Borrower
     
     
  • Mortgage Insurance not Required
     
     
  • Loan Portability
    A feature that enables a home loan to be transferred from one property to another, without refinancing. It can be of benefit by savings on loan set-up fees and government loan security duty.
    Yes
     
Fees
  • Monthly Fee
    No monthly fee
     
  • Package Fee
    No package fee
     
  • Rate Lock Fee
    No rate lock fee
     
  • Application Fee
    No application fee
     
  • Valuation Fee
    Up to $300 free^
     
  • Settlement Fee
    No settlement fee
     
  • Discharge Fee
    No discharge fee
     
^Mortgage House will pay up to $300 per property, any excess valuation fees are payable by the borrower(s)
Fast track your home loan
Apply Online Book a Call Back
133 144

What are the features of home loans such as these?

At Mortgage House we strive to provide loan, product and service outcomes that are tailored to the needs of every client. A key part of this focus is actively listening to what our customers want, not what we think their needs may be. That is where our Moneyer - Pure & Simple Spring17 (30 - PAYG) mortgage fits in. It is a loan for owner occupiers, and for Pay-As-You-Go tax employees, which allows us to keep the interest rate low. And the interest rate certainly is a feature of this home loan. Another reason we can keep the interest rate low on this mortgage is the Loan-to-Value Ratio (LVR) of 30%. That means you can borrow up to 30% of the value of the property. This makes the Moneyer - Pure & Simple Spring17 (30 - PAYG) loan perfect for those who simply want a top-up to buy a home, or who want to use it to refinance their current loan. This mortgage also has no monthly fees and no package fees, which is a yearly, separate, fee. You can also make additional repayments to this mortgage, without attracting penalties. This is important because paying off your loan earlier can save you a lot of money, by reducing how much interest you pay. However, if you want to access any of these repayments, you can, thanks to the redraw option attached to this loan. A redraw facility means you can access, and use as you wish, any extra repayments or lump sum payments you have made, providing your regular repayments are kept up to date. This feature adds to the flexibility of this mortgage.

How can a home loan calculator give me the information I am after?

Having access to as much information, and as many resources, as possible is important when you are looking for a suitable home loan. At Mortgage House we believe in making sure you have everything you need to help you make your decision. Our home loan calculators are examples of that. They can help you get a picture of what your options might be, and where you stand, before speaking with our expert lenders. Our Best Rate Calculator can help you find the best Mortgage House interest rate for the loan amount, and the type of loan, you are after.

Our home loan calculators can also help you find out how much you can save by switching a loan, and how much Stamp Duty you will pay on your new home. We also have a calculator that can help you budget, which can make a big difference when you are saving for a deposit, or working out the level of repayments you are comfortable with. Other calculators can help you identify repayment amounts, and give you an indication of the amount you may be able to borrow.

Moneyer - Pure & Simple Spring 17 (30 - PAYG)

What will my loan repayments be?

Working out what your loan repayments might be before you apply for a loan can come in very handy. It can help you narrow down your property search, by ensuring you only apply for loan amounts you are comfortable with. If you are a first-home buyer, this sort of information can help ease any concerns you may have about taking the plunge. Our Mortgage Repayment Calculator can do all the hard work for you. Not only can it give you an indication of what your repayments might be, but it can show you how much interest you may pay, and when, over the life of your loan. You will also see a less detailed version of our repayment calculator above. As we mentioned, you can also make extra repayments with this loan without being penalised, and you can also draw down on those repayments if you wish.

 

Can you tell me what loan amount I can borrow?

Most mortgages will come with minimum, and sometimes maximum, loan amounts. At Mortgage House, these kinds of choices add to the flexibility of our loans, and mean we can offer special features or lower interest rates as a result. With our Moneyer – Pure & Simple Spring17 (30 – PAYG), the minimum amount you can borrow is $250,000 and the maximum is $500,000. This range adds to the attractiveness of the loan for those looking to refinance, or top-up existing savings or loan amounts. At Mortgage House we also have a resource that can give you an indication of how much you might be able to borrow.

Our borrowing calculator can crunch all your important numbers and give you a figure that, while it is only an indication, can be a great place to start. It can help you narrow down your property search, and it can also show you what savings you need to make if you want to borrow more. However, don’t be disheartened if our borrowing calculator doesn’t give you the answers you were hoping for. Contact our expert lenders and they may be able to help you reach your property goals.

What are variable loans and how do they work?

This loan is a variable-rate loan, which means the interest rate can increase or decrease over the life of the loan. Variable interest rates can move based on a number of both external and internal factors, from the Reserve Bank lifting or dropping the official cash rate, to the bank’s or lender’s internal costs of providing the loan to you. The other kind of interest rate is a fixed interest rate. Fixed rate loans will fix the interest rate over an agreed period, usually between 1 and 10 years. There are benefits of choosing either a fixed or variable loan, and at Mortgage House we have a wide range of both options. Speak with our expert lenders if you are unsure which one is suitable for you.

Need More Information?