Our Home Loan and Mortgage Products

VARIABLE RATE HOME LOAN

Utilising a cost effective internet business model that doesn’t have to pay branch overheads or broker commissions simply means QuickDirect’s variable rate home loan is very competitive. It comes with all of the features you expect including unlimited free redraws, salary crediting and flexible repayment options as well as a great rate.

To view our current Variable home loan rate click here

This QuickDirect Variable loan is the perfect loan if you are:

A first home buyer
Wanting to upgrade your home to a more expensive property
Wanting to renovate your existing home
Looking for a better home loan deal or consolidating expensive debt
An investor looking for a competitive variable rate loan

Features include:
Loan amounts	Minimum Loan of $50,000. Maximum loan of $2,000,000 (minimum of $25,000 in combination or split).
Interest rate type	Variable rate only.
Term	10 to 30 years.
Repayment type	Principal and Interest (amortising) or Interest only up to 5 years.
Combination and splits	Can split advantage rate up to 4 accounts (will consider more) or combine with Fixed Rate Loan or Line of Credit loans.
Repayment options	Direct Debit or Salary Crediting either monthly or fortnightly. Internet or telephone transfers from pre-nominated account for additional repayments.
Additional repayments	Allowable with no limit on variable rate loans.
Redraw facility	No minimum redraws via Internet or telephone banking to pre-nominated account (not available on interest only accounts).
Withdrawals	Cash withdrawals not available other than electronic transfers as above.
Salary crediting	Available on all loans.
Ability to switch	Can switch all or part of loan limit to another product.
Statement issued	Quarterly.
Deferred Establishment Fee	During year 1 1.00% of original loan amount During year 2 0.80% During year 3 0.60% During year 4 0.40% During year 5 0.20% Year 6 onward 0.00%>
Other Fees	Nil
Substitution	Can substitute security within loan limit.