For larger loans the savings are greater. This loan has an interest rate of 8.95% p.a. (*9.00% comparison rate). Even greater savings per month. In fact for loans greater than $1,000,000 ask for a bigger discount. These loans are funded by GE Money, one of the world's largest financial institutions.
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This loan provides a significant saving in interest rate when compared with many of the major banks, with an interest rate of 9.05% p.a. (*9.10% comparison rate). This can save you more than $92 per month on a loan of $249,000.
The Premium Home and Investment Loan is also available as a Line of Credit for an additional 0.10% p.a.
* Comparison rates are based on loan sizes of $150,000 and $250,000 respectively over 25 years. The comparison rate applies only to the examples given. Different amounts and terms will result in a different comparison rate. 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. A comparison rate schedule is available by calling 02 4576 7229. Rates current as at 21 July 2008 and are subject to change without notice.