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Whats you Interest rate?

Discussion in 'Property Finance' started by turfy77, 16th Jan, 2016.

  1. turfy77

    turfy77 Member

    Joined:
    22nd Jun, 2015
    Posts:
    14
    Location:
    Perth
    I'm currently with Westpac, have $1.15 million loan, LVR (Loan to Value ratio) is 50%.

    Currently getting 4.33% on principle place of residence and 4.60% on investment properties.

    What are other people getting, I want to compare to see if I can get better.
     
  2. jpcashflow

    jpcashflow Well-Known Member Business Member

    Joined:
    21st Jun, 2015
    Posts:
    371
    Location:
    Melbourne
    Hi Tuffy,

    No point comparing with others. Save time and compare with a broker :)
     
    Joynz and Soul like this.
  3. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,593
    Location:
    Sydney or NSW or Australia
    I'll show you mine if you show me up :p
     
  4. adrian_christian

    adrian_christian Well-Known Member

    Joined:
    27th Jul, 2015
    Posts:
    147
    Location:
    Mauritius
    I'll share, i'm on 4.68% across the board with my IP loans.
     
    HeavenlyThang likes this.
  5. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

    Joined:
    14th Jun, 2015
    Posts:
    1,175
    Location:
    Gold Coast
    That's ok pricing

    As at this week they will do new ppor biz at 415 for loans greater than 750 at 80 lvr or less

    The rocket loans and much of the WBC process is rolls Royce rather than cut price so even 433 is ok
    Ta

    Rolf
     
  6. joel

    joel Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    784
    Location:
    Adelaide
    $135k loan, 4.49%
     
  7. Casteller

    Casteller Well-Known Member

    Joined:
    30th Jun, 2015
    Posts:
    344
    Location:
    Barcelona
    1.6 % (Euro)
     
  8. Superbird

    Superbird Member

    Joined:
    29th Nov, 2015
    Posts:
    15
    Location:
    Sydney
    4.08% for ppor and 4.24% for investment. All interest only 5 years
     
  9. Superbird

    Superbird Member

    Joined:
    29th Nov, 2015
    Posts:
    15
    Location:
    Sydney
    Total portfolio $1.1m
     
  10. turfy77

    turfy77 Member

    Joined:
    22nd Jun, 2015
    Posts:
    14
    Location:
    Perth
    Which bank Superbird?

    Forgot to mention my rates are based on 1.35% of standard variable rate for life of the loan.
     
  11. Superbird

    Superbird Member

    Joined:
    29th Nov, 2015
    Posts:
    15
    Location:
    Sydney
    Bankwest. Loan settles this week. I got a really good deal and pushed them alot. I was using an offer from BOQ as leverage.
     
    turfy77 likes this.
  12. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

    Joined:
    14th Jun, 2015
    Posts:
    1,175
    Location:
    Gold Coast
    bankwest can be fun ............

    ta
    rolf
     
  13. turfy77

    turfy77 Member

    Joined:
    22nd Jun, 2015
    Posts:
    14
    Location:
    Perth
    alright Mr Broker, tell me what you can offer
    Whys that, something I should know? Ive been in touch with them and they have offered me a much better rate, thinking of moving.
     
  14. tobe

    tobe Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    900
    Location:
    Melbourne
    BankWest have a history of having you beaut specials to entice new customers while ignoring existing customers and increasing their existing customers rates over time.
    They are also not overly easy to deal with, especially for investors.
     
  15. ADLInvestor

    ADLInvestor Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    98
    Location:
    Adelaide
    700k total loans, 4.99% and 4.39% - Both IPs, with CBA.

    PPOR is next, should have something in the next 6 months..
     
  16. Davothegreat

    Davothegreat Well-Known Member

    Joined:
    20th Jun, 2015
    Posts:
    253
    Location:
    Sydney
    We just finished refinancing our PPOR with Bankwest - fixed @ 3.95%. Loads of dramas because the house is in my wife's maiden name. They made up all this rubbish about the land titles office mandating the title be changed to her married name and other complete and utter crap. After I rang the land title office and confirmed it was rubbish they started to change their story slightly but it dragged on for ages. Every other lender I've ever dealt with has been fine with a marriage certificate and stat dec saying both names are one and the same person and our solicitor reconfirmed this should be fine. In the end my wife had to go ID herself with her passport since it's still in her maiden name and they had no more ground to stand on but the delays from needless stuffing around on their part added up to around a month. Lucky we weren't trying to buy something and were just refinancing.
     
    GOU and dboy_tomato like this.
  17. dan2101

    dan2101 Well-Known Member

    Joined:
    8th Jul, 2015
    Posts:
    331
    Location:
    NSW
    2 loans with Citibank IO at 4.55% (approx 704K)

    2 loans with loans.com.au IO at 4.22% (approx 765k)
     
  18. jpcashflow

    jpcashflow Well-Known Member Business Member

    Joined:
    21st Jun, 2015
    Posts:
    371
    Location:
    Melbourne
    Depending on your circumstance and LVR will effectively affect the loan rate.
     
  19. Offshore

    Offshore Member

    Joined:
    12th Nov, 2015
    Posts:
    8
    Location:
    Western Australia
    I am with Westpac 4.2 % across all loans interest only. Just called them last week to see what they could do and they came back with the above.
    Happy enough with that
    Cheers
    Offshore
     
  20. Dwalsh

    Dwalsh Well-Known Member

    Joined:
    14th Dec, 2015
    Posts:
    73
    Location:
    Nsw
    3 houses BOQ locked in for 3 years interest only at 3.99% that I just did. Total with them is 935,000k other three houses are mebank, Macquarie bank, can't remember rates now but in the 4s.