Interest rates update for June 2018

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Indicative Home Loan Interest Rates – June 2018

Loan Type	Interest Rate Type	Repayment Type	Best Rates *	Comparison Rate **
Owner Occupied	Variable rate	P&I	3.59%	3.72%
		Interest Only	3.89%	4.18%
	3yr Fixed	P&I	3.79%	3.93%
		Interest Only	3.99%	4.22%
Investment	Variable rate	P&I	3.89%	4.00%
		Interest Only	4.14%	4.42%
	3yr Fixed	P&I	4.09%	4.21%
		Interest Only	4.19%	4.31%
Commercial	Variable	P&I	4.50%	N/A
	3 Year Fixed	P&I	4.50%	N/A

*Rates are based on $500,000 full doc loan application with LVR less than 80%. Rates are as at 20^th June 2018

*Subject to lender approval

** A comparison rate is a method of standardising the true cost of a loan. It factors in the interest rate, fees and charges and displays a single percentage rate that can be used to compare various loans from different lenders. This calculation can help you see what the actual cost of a loan will be. The information provided is intended to provide illustrative examples based on $500,000 loan over a 25 year term. Calculations are meant as estimates only and it is advised that you consult with a mortgage broker about your specific circumstances.

Contact Alluna Finance to find out if these rates might be suitable for your individual needs.