Neat - INV Variable P&I

Neat home loan investment variable, principal and interest. Take it back to basics with our lowest variable rates.
Category: Home Loans  Last Updated February 10, 2022  Effective August 2, 2020

 General Lending Rates

Rates listed below are for a VARIABLE INVESTMENT P&I product. Additional Information Investment with principal and interest repayments. Investment home loan with a loan to value ratio (LVR) of less than or equal to 60% at time of application.
Interest Rate
2.14%PA
Comparison Rate
2.15%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.
Product Variations
Product rates and conditions will usually vary based on the LVR and other conditions..
  LVR 60.01% to 70%
Minimum: 60.01 PERCENT Maximum: 70 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 2.24%, Comparison Rate 2.25%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Investment
  LVR 70.01% to 80%
Minimum: 70.01 PERCENT Maximum: 80 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 2.34%, Comparison Rate 2.35%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Investment

 Product Features

  • Digital Banking
  • Redraw

 Product Eligibility

  • Employment Status - Payg Employee Only. Additional Information: Applicants must be a PAYG employee and majority PAYG income.
  • Min Age - 18. Additional Information: Applicants must be at least 18 years of age.
  • Natural Person
  • Other Additional Information: Purchases and refinances only for residential properties (lending for vacant land not eligible).
  • Residency Status - Must Be An Australian Citizen Or Permanent Resident.. Additional Information: Must be an Australian citizen or permanent resident.

 Bank Fees and Charges

  • Missed Payment Management Fee (Event), Amount: 10.00. Additional Information: If a repayment has not been made in full more than 14 days after the due date.
  • Default Notice Fee (Event), Amount: 40.00. Additional Information: If a repayment has not been made in full more than 30 days after the due date.
  • Loan Advance Fee (Upfront), Amount: 250.00. Additional Information: To prepare loan documents and to arrange settlement of the loan
  • Documentation Fee (Event), Amount: 100.00. Additional Information: To issue a new set of loan documents if your requirements change.
  • Discharge Fee (Event), Amount: 300.00. Additional Information: If we discharge a property (security interest) at your request. Charged per security.
  • Production Fee (Event), Amount: 110.00. Additional Information: If we are required to send a certificate of title to another financial institution.
  • Switch Fee (Event), Amount: 100.00. Additional Information: If a Neat home loan is switched to an Own home loan at your request.

 Limitations & Restrictions (Constraints)

  • Max Limit of 5000000.0 Additional Information: Maximum loan amount is $5,000,000.00
  • Min Limit of 80000.0 Additional Information: Minimum loan amount is $80,000.00

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