Bloom Rate Saver Home Loan, start saving from a low 6.15% p.a.
- Ongoing low rate with full features
- Personal service from start to finish
- Comparison rate 6.59% p.a.
Bloom Rate Saver – 6.15% p.a.
Bloom Rate Saver Home Loan is fully featured and includes unlimited free redraws, salary crediting and flexible repayment options. Bloom Rate Saver Home Loan could be the perfect loan if you are:
- A first time home buyer
- A person who wants to upgrade their existing home
- Looking for a better home loan deal or consolidating expensive debt
- An investor looking for a competitive variable rate loan
- Features
- Conditions
- Fees
| Acceptable Loan Purpose | Purchase or refinance of improved residential owner occupied or investment property. No stand-alone vacant land or construction allowed. |
| Comparison Rate | 6.59% p.a. |
| Eligible Borrowers | Individuals or companies |
| Term of Loan | 10 – 30 years |
| Acceptable Security | Residential property only |
| Multiple Securities | Accepted |
| Minimum Loan Amount | $50,000 |
| Max Loan Amount | $2,000,000 |
| Loan Splits | Maximum of 4 loan splits. |
| Maximum LVR | 95% for purchases, 90% for refinances. |
| Annual Fee | $495 |
| Valuation Fee | Nil for loans that settle. Fees will apply for more than one valuation. |
| Non-proceeding Fee | $395 or full cost of valuations, whichever is the higher. |
| Settlement Fee | $150 |
| Legal Fee | Nil. Out of pocket disbursements may apply. |
| Monthly Administration Fee | Nil |
| Redraw Fee | Nil. Unlimited free electronic redraw is available. |
| Deferred Establishment Fees | Nil |
| Reduced Equity Fee | Available up to 95%. Reduced Equity Policy can be viewed as an alternative to Lender’s Mortgage Insurance, where certain criteria are met and can save you thousands. The fee payable is a Reduced Equity Fee which is similar to a Lenders Mortgage Insurance premium. |
*Terms and conditions
Subject to approval, terms and conditions apply. Rates are subject to change at any time. The rate shown is correct as at the latest update. The comparison rate is based on a secured loan of $150,000 over the term of 25 years. Warning: This comparison rate only applies 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.