LVR stands for the initial loan to value ratio at loan approval. LVR could be the quantity of your loan set alongside the Bank’s valuation of the home provided to secure your loan expressed as a portion.
For instance, that loan of $400,000 to purchase a residential property worth $500,000 leads to a loan to value ratio of 80%. The interest levels here are for brand new loans. Mortgage loan rates are set in line with the LVR that is initial don’t change as a result of modifications to your LVR through the lifetime of the mortgage.
Obtain a 0.15% p.a. Discount on Advantage Package * for balances above $150,000 (contained in the rates that are below
|Term rate that is yearly price 1|
|Principal & Interest|
|12 months standard fixed rate less package discount||2.94% p.a.||3.86% p.a.|
|LVR up to 60%
(Includes further discount of 0.10% p.a. )
|2.84% p.a.||3.76% p.a.|
|LVR above 60per cent as much as 80per cent
(Includes further discount of 0.05% p.a. )
|2.89% p.a.||3.81% p.a.|
|LVR above 80%
(No switch to standard price)
|2.94percent p.a.||3.86% p.a.|
|2 standard fixed rate less package discount||2.94 year% p.a.|