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Auswide Bank : 09/10/20 'No frills' home loan now available for residential property investors

10/11/2020 | 10:20pm

9 October 2020

'No frills' home loan now available for residential property investors

Auswide Bank's Basic Home Loan, launched in June for owner-occupiers, is now available for residential property investors.

Customers wishing to build, buy or refinance an investment property can now access up to 80 per cent LVR of the security value for both principal and interest or interest only investment lending.

The current principal and interest variable interest rate is currently 2.99%p.a or 3.19%p.a for interest only payments.

Other loan features include no monthly or ongoing fees, free online redraw, ability to make payments weekly, fortnightly, or monthly, and no penalties for additional or lump sum repayments.

The loan is also available for construction purposes.

Damian Hearne, Chief Customer Officer said, "While we offer more full featured and packaged home loans to property investors, we understand that for some customers, their investment loan does not need to come with all the bells and whistles. They just want their investment loan to be simple, easy to manage, with little or no fees and a great rate. We think our basic home loan ticks all of those boxes."

ALL MEDIA ENQUIRIES TO:

Damian Hearne

Chief Customer Officer

M: 0417 610 474

About Auswide Bank Ltd

Auswide Bank helps Australians with an extensive range of personal and business banking products and services issued directly or in partnership with leading service providers viabranches, strategic relationships and online & digital channels.

Auswide Bank believe that it's the small things that make us different and can make a bigdifference for our customers and communities.

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Auswide Bank Ltd. published this content on 09 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 October 2020 02:19:05 UTC

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