LVR stands for the initial loan to value ratio at loan approval. LVR may be the level of your loan set alongside the Bank’s valuation of the home wanted to secure your loan expressed as a share.
As an example, that loan of $400,000 to purchase a property worth $500,000 leads to that loan to value ratio of 80%. The interest rates listed here are for brand new loans. Mortgage rates are set in line with the initial LVR and don’t change as a result of modifications to your LVR through the lifetime of the mortgage.
Get yourself a 0.15% p.a. Discount on Advantage Package * for balances above $150,000 (within the under prices)
|Term price that is yearly rate 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.|