Homeloans Optima

Features

$0 application and valuation fees#

Application fee of $199 waived on all new Homeloans Optima loans. One standard valuation per application is provided free of charge.

100% Offset option available

Offset package designed for home buyers and investors who want a flexible home loan solution with an Offset facility ($198pa fee applies). (Available on variable rate loans only).

Extra repayments and unlimited free redraw

You can make unlimited additional one-off or ongoing repayments to your loan, enabling you to pay off your loan sooner. There is no charge for online redraw should you wish to access your extra repayments.

Product splits available

The Homeloans Optima offers a number of product split options – talk to a Homeloans consultant for more information.

Flexible repayment options

Borrowers have the choice of fortnightly or monthly repayments.

Up to 95% LVR

The Homeloans Optima is available to 95% LVR including LMI on owner occupied purchases. For LVR limits on other loan purposes please talk to a Homeloans consultant.

Principal & Interest or Interest Only

Available as Principal & Interest or Interest Only for up to 5 years. Please note that a higher rate applies for Interest Only loans.

Interest Rates

Homeloans Optima Variable Rates

LVR LVR up to 70% LVR 70.01% - 80% LVR 80.01% - 90% LVR over 90%
Owner Occupier, Principal & Interest Term Loans
(Comparison rate)
3.68%pa
(3.71%pa)
3.78%pa
(3.81%pa)
3.98%pa
(4.01%pa)
4.18%pa
(4.21%pa)
Owner Occupier, Interest Only Term Loans
(Comparison rate)
4.33%pa
(4.36%pa)
4.43%pa
(4.46%pa)
N/A
N/A
Investment, Principal & Interest Term Loans
(Comparison rate)
4.13%pa
(4.13%pa)
4.28%pa
(4.31%pa)
4.53%pa
(4.56%pa)
N/A
Investment, Interest Only Term Loans
(Comparison rate)
4.53%pa
(4.56%pa)
4.88%pa
(4.91%pa)
N/A
N/A
Owner Occupier Line of Credit (Interest Only)
(Comparison rate)
4.43%pa
(4.66%pa)
4.43%pa
(4.66%pa)
N/A
N/A
Investment Line of Credit (Interest Only)
(Comparison rate)
4.88%pa
(5.10%pa)
4.88%pa
(5.10%pa)
N/A
N/A


Homeloans Optima Fixed Rates

Fixed rate period 1 year 2 years 3 years 4 years 5 years
Owner Occupier, Principal & Interest
(Comparison rate)
3.88%pa
(3.73%pa)
3.88%pa
(3.75%pa)
3.99%pa
(3.79%pa)
4.39%pa
(3.95%pa)
4.39%pa
(4.00%pa)
Owner Occupier Loans, Interest Only
(Comparison rate)
4.44%pa
(4.37%pa)
4.44%pa
(4.38%pa)
4.49%pa
(4.40%pa)
4.64%pa
(4.47%pa)
4.74%pa
(4.53%pa)
Investment, Principal & Interest
(Comparison rate)
4.24%pa
(4.17%pa)
4.24%pa
(4.18%pa)
4.39%pa
(4.23%pa)
4.59%pa
(4.32%pa)
4.59%pa
(4.35%pa)
Investment, Interest Only
(Comparison rate)
4.79%pa
(4.59%pa)
4.79%pa
(4.61%pa)
4.84%pa
(4.65%pa)
4.99%pa
(4.72%pa)
5.09%pa
(4.80%pa)

Ready to Get Started?

#Applies to standard loan submissions for new loans only. One standard valuation per application valued at up to $300 is provided free of charge on Ultra Plus, Optima, MoniPower. Application fee of $199 waived on Ultra Plus, Optima, MoniPower and FlexiChoice Prime loans. Settlement fees of $363 waived on FlexiChoice Prime loans. Any non-standard valuations and additional valuations are at the cost of the borrower. Other fees and charges apply.

Interest rates on this site were updated on 18 August 2017. Rates shown apply to new business only and may vary before your loan is settled. Rates shown do not apply to all loan sizes, purposes, repayment types, scenarios or LVRs. Click on the loan name for more information. The comparison rate is calculated on the basis of a loan of $150,000 over a term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Terms & conditions, fees, charges and credit criteria apply.