Split Rate Home Loan

A Toyota Money Split Rate Home Loan gives you the best of both worlds, providing you with the ability to make additional payments as well as the peace of mind of knowing that a portion of your repayments will be at a fixed rate. 

If you’re worried about the fluctuating interest rate environment but want the flexibility to make additional repayments and redraw them as and when you need, then the Split Rate Home Loan may be the loan for you.   
 
A Toyota Money Split Rate Home Loan gives you ultimate flexibility and you can choose the amount you want to fix and the amount you want to remain variable.


Key Benefits

  • Provides some protection from rate increases
  • Helps budgeting by providing some certainty over repayment amounts 
  • Flexibility to choose how much you want to fix
  • Easy access to your account via telephone and internet 
  • Competitive interest rates
  • Fully portable if you decide to move
  • Loan terms up to 30 years
  • No ongoing management 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 for Interest Only )
Redraw  Yes – only available on variable rate loan component
Extra Repayments    For variable rate components you make as many repayments as you want. For fixed rate components you can make 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:

Fees  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.