Fixed Rate Home Loan

Selecting a fixed rate home loan gives you the certainty of knowing what your repayments will be every month.  If you’re worried about the fluctuating interest rate environment or just want the certainty of knowing what your repayment will be, a fixed rate option may be the loan for you.  You can choose to fix your Toyota Money Home Loan for 1, 2, 3 or 5 years. 
 
Best of all, just because you’ve fixed your loan doesn’t mean you can’t make extra repayments.  Toyota Money allows you to make additional repayments of up to $20,000 per annum without incurring any prepayment penalties.

What are you waiting for?


Key Benefits:

  • Protects you from future rate increases
  • Helps you budget by providing certainty of repayment amounts
  • Easy access to your account via telephone and internet 
  • Competitive fixed interest rates
  • Range of fixed rate terms
  • Fully portable if you decide to move
  • Interest Only option available
  • Loan terms up to 30 years
  • No ongoing account keeping fees*
  • Simple application process


Key Features:

Feature  Description
Loan Amount  Minimum $20,000 / No Maximum
Security Residential property
Fixed Rate Terms 1, 2, 3 and 5 Years
Repayment Options  Principal & Interest / Interest Only
Repayment Frequency Weekly, fortnightly, monthly (monthly only for Interest Only)
Extra Repayments Up to $20,000 pa without incurring any prepayment penalties
Portability Yes – transfer the loan to a different property
Loan to Value Ratio Maximum 95% with mortgage insurance
Maximum 80% without mortgage insurance


Fees & Charges:

Fee  Description
Valuation Fee From $226 for metropolitan properties valued up to $1 million
Solicitor Fee From $424
Account Keeping Fees No ongoing account keeping fees
  Other fees and charges may apply*

 


*Terms and Conditions apply. Details on all fees and charges are available upon request.