Arab Bank Australia - Fixed Rate Home Loan
Fixed | Fixed for 1 year | Investment | Principal & Interest | LVR up to 60% | Borrowing more than $50,000
The Arab Bank Australia Fixed Rate Home Loan offers an advertised interest rate of 5.90% p.a. and a comparison interest rate of 8.16% p.a.. The Arab Bank Australia Fixed Rate Home Loan is suitable for Investors with Fixed terms.
More Arab Bank Australia Fixed Rate Home Loan details can be found below or visit Arab Bank Australia to learn more or apply.
A Fixed rate loan for Investors repaying the Principal & Interest with an advertised interest rate of 5.90% p.a. and a comparison interest rate of 8.16% p.a.
Advertised Rate
5.90% p.a. Fixed - 1 years
Comparison Rate
8.16% p.a. Fixed - 1 years
Application Fee
$600 one off
Loan To Value
60%
Interest
Rate Type
Fixed
Fixed Period
1
years
Advertised Rate
5.90% p.a.
Fixed - 1 years
Comparison Rate
8.16% p.a.
Fixed - 1 years
Calculation Frequency
Daily
Application Frequency
Monthly
Terms
Suitability
Investors
Borrowing
$50,000
Term
1 to 30
years
Loan To Value
60%
Repayment
Type
Principal & Interest
Frequency
Weekly, Monthly, Fortnightly
Fees
Application Fee
$600
one off
Ongoing Fee
$8
per month
Who is the product designed for?
These customers are likely to have the following objectives, needs, financial situation and must meet the eligibility criteria for this product:
Objectives, financial situation and needs
- Flexibility of features facilitates a customisable, straightforward home loan for individuals looking for predictability, stability and control over their finances
- Customers who have a fixed income or a fixed budget and want to have the certainty of fixed mortgage repayment for a period.
- Customers looking for a fair market price and simplicity.
- Appropriate for:
- Owner-occupiers or Investors
Eligibility criteria
- This loan is available to new and existing customers.
- Available to applicants over the age of 18 years.
- Applicant must meet the Bank’s Credit criteria.
- Loan Mortgage Insurance (LMI) is required if amount borrowed is more than 80% of the value of the property
- Successful completion of applicable Arab Bank Australia Limited (ABAL) identification check requirements.
Visit Arab Bank Australia to view Target Market Determination Effective From: 2023-10-05.
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