• Investor Home Loan

    Reach your investment goals

  • Investor Home Loan
    Interest rate p.a. 5.10% Variable
    Comparison rate* p.a. A nominal interest rate incorporating certain fees and charges to help consumers identify and compare the true cost of a home loan 5.39%

    Ideal for:
    Investors

    • Interest-only repayments for 5 or 10 years
    • Construction Option available
    • Fast Track Option available
    • Borrow up to 95% LVR with Lender’s Mortgage Insurance.
     
    • Interest rate p.a. 5.10%
      Comparison rate* p.a. A nominal interest rate incorporating certain fees and charges to help consumers identify and compare the true cost of a home loan5.39%
      Minimum loan size Minimum loan size to be borrowed$15,000
      Maximum loan size Maximum loan size to be borrowedNo maximum
      Owner Occupier Max LVR The maximum loan to value ratio ("LVR") means the amount you can borrow expressed as a percentage of the security (property) value. For example, 90% LVR means you can borrow up to 90% of the value of the property

      (Refer Credit Guidlines for full details)

      951

       

      Investor Max LVR The maximum loan to value ratio ("LVR") means the amount you can borrow expressed as a percentage of the security (property) value. For example, 90% LVR means you can borrow up to 90% of the value of the property

      (Refer Credit Guidlines for full details)

      952

       

      Redraw A redraw facility allows you access to the available funds (if any) in your home loanYes

      Yes- no minimum

       

      Loan Splitting Splitting the loan into two (or more) accounts, usually one part at a fixed interest rate and the other at a variable interest rateYes

      Minimum $15,000

       

      Interest Only payments The borrower elects to make repayments covering the interest charged only and not on the principal. The interest only period is usually limited to a maximum of 5 or 10 years depending on the home loan type and term selected by the customerYes

      Up to a total of 10 years4 with a mandatory first 5 years.

       

      Interest Capitalisation The act of adding any interest charged, and not repaid, onto the loan (the capital). Interest is then calculated on this new 'capitalised' amountNo
      Weekly/Fortnightly/Monthly Payments Weekly: No
      Fortnightly: No
      Monthly: Yes

      Monthly only

       

      Extra payments

      Yes- no minimum

       

      Deposit methods6

      Direct debit, Salary Credit, BPAY®, ^myRAMS

       

      Loan fixing

      No - At origination

      Yes - Post settlement

      Fee - $295

      Loan switching You can 'switch' your loan's variable interest rate to a fixed interest rate (subject to the terms and conditions of the loan)

      Convert to any Full Doc product at anytime.

      Conversion fee - $295

      Repayment Holiday If you've built up enough of a buffer on your home loan through making extra repayments you can take a temporary 'repayment holiday' until such time as you are no longer in front in your loan repaymentsYes
      Debit card10 & chequebook A debit card gives you access to the available redraw in your home loan via ATMs or Bank@PostNo
      Tier 2 Genuine Savings Option#No
      Value Advantage Package Eligibility3No
      ATM11/EFTPOS & cheque access free transactions No
      Statement frequency

      Every 6 months

       

      RAMS Risk fee Payable by Customer

      LVR>80% or >$1.5m

      LVR>70% and $1.5m <=$3.5m

      LVR>60% and >$3.5m

      Capitalisation of Risk Fee up to Lender's Mortgage Insurance (RAMS Risk Fee) can be added to the total loan amount up to the maximum loan to value ratio

      95%

       

    • Application fee Fees charged to cover or partially cover the lender's costs of processing a loan approval for a home buyer$595
      Valuation fee First valuation free! $220 for each additional valuation.
      Account keeping fee$20 per month
      Discharge fee $295 per loan (plus legal costs)
      Loan settlement fee $275
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        Deposit Bond

        Arrange a deposit without touching your savings

        Obtaining a Deposit Bond through RAMS could help you secure your dream home by providing you with an alternative to finding a cash deposit before settlement. A Deposit Bond acts as a guarantee to the vendor, allowing the purchaser to pay the deposit amount (together with the balance of the purchase price) on the day of settlement (rather than funding a deposit up front/on exchange). In addition, a deposit bond could also save you the costs of obtaining bridging finance in order to pay your deposit. More details

      • icon

        Fast Track

        You could buy your first home sooner and save on mortgage insurance

        The support of family is priceless and when they’re happy to act as guarantors on your property purchase, they could help you buy your home quicker than you thought and save you thousands in mortgage insurance. More details

      • icon

        Construction Option

        Looking to build or renovate?

        For customers who intend to purchase land and build a new home, RAMS has developed a feature called 'RAMS Construction Option' which can be adopted on many RAMS full and low doc home loans. More details

      • icon

        Lifestyle Option

        You could defer your home loan repayments for up to 6 months

        Life is full of challenges. Some are welcome and others are more of a surprise. Either way, you may need extra support to get through any such challenging times.

        RAMS Lifestyle Option allows you to defer repayments on your loan for up to 6 months – twice during the life of the loan. It’s our way of helping out. Conditions and fees apply so talk to a RAMS Home Loan Specialist to see how we can help.

        More details

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        Bridging Loan

        Bridge the gap between your old and new property

        RAMS Bridging Option could be just what you need to assist with the purchase of a new property whilst you’re in the process of selling an existing property. It eases the strain of purchasing your new property by bridging the finance gap whilst you wait to receive proceeds from the sale of your existing property. More details

      • icon

        100% Offset Account

        Reduce the amount of interest you pay on your loan

        A Mortgage Offset arrangement links your Variable Rate loan with an Offset Deposit account, so that money you hold in your deposit account can reduce the amount of interest you pay on your loan.

        The more money you have in your offset account, the less interest you pay.

        More details

    • Hypothetical scenario

      Alistair is an architect and wants to own a property. As he can’t afford to live in it yet, he is going to rent it out and negative gear it for a few years first. Alistair looked around and found a nice place, but hadn’t looked as hard for the right loan.

      The RAMS solution

      After Alistair spoke to his RAMS Home Loan Specialist, he found the RAMS Investor Home Loan was ideal. He liked keeping his repayments interest-only, which meant he could keep aside any extra money for renovations.
      Alistair didn’t need a lot of extra features yet and was happy he could stop searching for loans and start looking at all the fittings he needed for his new home.

       

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  • Why Choose RAMS?

    • Great rates
    • Award winning
    • Personalised service
    • Real choice and better value

     

     

     

  • DISCLAIMER:

    New loans only. Fees, charges, conditions and limitations apply. Subject to RAMS normal lending criteria.

    *Please note: The comparison rate is calculated on a secured loan of $150,000 with a term of 25 years with monthly principal and interest repayments. WARNING: This comparison rate is true only for examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. ^ myRAMS is not available to Companies and Trusts and is subject to systems availability.


    Maximum 95% LVR on purchase price (or valuation if lower). If LVR>85%, evidence of 5% genuine savings required. If LVR >90%, applicant must hold 10% equity in other residential real estate or income earning investments. Ability to cover transaction costs and funds to complete purchase, if any, required. Subject to loan serviceability. BPAY® available for extra repayments only, not scheduled loan repayments. ® Registered to BPAY Pty Ltd ABN 69 079 137 518. Construction must be completed within 12 months of the Authority to Commence Construction being issued. 10 Debit Card not available to Company Borrowers. 11 Free ATM Transactions relate to Westpac, St.George, Bank of Melbourne & BankSA branded ATMs only. Other Institutions may charge a fee for use of their ATMs, payable in addition to fee for transactions over free threshold. Direct charging fee payable to owner of ATM when you use a non Westpac, St.George, Bank of Melbourne & BankSA branded ATM. # If the loan has been approved by RAMS without you providing Genuine Savings (under Tier 2 Genuine Savings) there are restrictions on eligible products when converting to another home loan within the first two years.