Interest Only Investment Loan
An interest only home loan allows you to make interest only payments on your loan rather than principal and interest repayments. You can select an interest only period of up to 5 years with your choice of either a variable or fixed rate term of 1, 3, or 5 years.
Features of the ME Bank Interest Only Investment Loan:
- Low fixed and variable interest rates
- No application fees or ongoing account keeping fees
- Monthly interest only payments for up to 5 years (reverting to principal and interest at the end of the interest only period)
- Borrow up to 95% of the property valuation
- A personal Mobile Banking Manager can come to your home or workplace
- ME Bank rated 'best customer service provider in banking' at the Mozo 2011 People's Choice Awards
By choosing this product you can significantly reduce your repayment commitments by paying interest only, rather than principal and interest repayments, for a period of up to five years. This loan is for investment purposes only.
You may borrow up to 95% against the value of an investment property and no deposit is required if you have sufficient equity in an existing residential property that can be used as additional security for the loan.
Fees and charges apply. Terms and conditions available on request. Applications are subject to credit approval.
Related Links
Home Loan Tools
Repayment Calculators
Other Tools
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