Receive a 0.4% p.a. discount off the standard variable rate^ and then an additional 0.1% p.a. discount each year for the next four years. That’s a total discount of 0.8% p.a. that you keep for the life of the loan.
^ The standard variable rate is the variable Mortgage Shredder Reference Rate.
Comparison rate based on a loan of $150,000 for a term of 25 years. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.