These home loan interest rates are for the range of home loans mortgage managed by Onyx Finance. The home loans are supplied inconjunction with Advantedge which is a wholly owned subsidiary of the National Australia Bank (NAB).
Actual variable interest rate effective as of 21st April 2010. Comparison rates are shown in brackets ( ). Rates are subject to change without notice.
Full Doc Home Loans – Variable Rate
Premium 7.22% (7.28%)
Line of Credit (LOC) 7.42% (7.48%)
Construction 7.47%* (7.53%)
*Converts to Premium rate after construction complete
LoDoc Home Loans – Variable Rate
Premium 7.72% (7.78%)
Line of Credit (LOC) 7.92% (7.98%)
Construction 7.97%* (8.03%)
*Converts to Premium rate after construction complete
Full Doc Investment Loans – Variable Rate
Premium 7.22% (7.28%)
Line of Credit (LOC) 7.42% (7.48%)
Construction 7.47%* (7.53%)
*Converts to Premium rate after construction complete
LoDoc Investment Loans – Variable Rate
Premium 7.72% (7.78%)
Line of Credit (LOC) 7.92% (7.98%)
Construction 7.97%* (8.03%)
*Converts to Premium rate after construction complete
Comparison rates are based on a loan of $150,000 over a term of 25 years. A comparison rate schedule is available from Onyx Fiannce. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
I am investigating options for financing my next project – being 2 x houses on 1 x lot – to be subdivided on completion of construction.
Regards
Paul Ford
PH.0438190687