Non-bank offers 4.77% variable rate

by AB25 Sep 2013

Non-bank lender, Allstate Homeloans has launched a ‘Spring Special’ loan, with a 4.77%p.a. variable rate (comparison rate: 5.19%p.a. variable).

The Spring Special Loan is available for loans up to 80% LVR, owner occupied or investment from $150,000 to $1m.  

State manager, Waran Chandiran, says the new product includes the following key components:

•             Purchase, refinance and debt consolidation (no construction)

•             Business Purposes

•             Guaranteed response within 24 hours

•             Internet and phone banking (including BPay and Pay anyone)

•             Line of Credit available at 4.77%

•             Term loan with 100% offset available at the same rate

•             Card access via national ATM network FOC

•             P & I repayments or Interest Only for up to 10 years converting to P&I

•             Minimum $150,000 Maximum $1,000,000

•             Ability to add up to 0.50 basis points trail

•             Annual package fee $345 per annum


  • by David Ware 25/09/2013 4:15:07 PM

    3 year clawback as well