Bendigo BankHome Loan
Non-Individual Residential Investment Loan (NIRIL)
Offered by Bendigo Bank
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Key Product Facts
Variable rate
6.83%
Fixed rate
7.04%
Comparison rate
7.26%
Product overview
Where a customer is purchasing a residential investment loan and they are a non-trading corporate entity or a trust with a corporate trustee, the NIRIL might be the product for them, provided that they fit the criteria.
Is this product competitive?
There is no single rate or fee that determines whether a financial product is suitable or competitive for everyone. Consider the advertised rate, comparison rate, fees, term, product purpose and eligibility requirements together.
Advertised rate
6.83%
Comparison rate
7.26%
How much would $50,000 cost?
Example repayments based on borrowing $50,000 at the displayed primary rate over the product's available maximum term.
Example amount
$50,000
Estimated repayment
$986.05/ month
Example term
5 years
Illustration only: this calculation assumes a constant rate and regular monthly principal-and-interest repayments. It does not include all fees, charges, insurance or other costs, and the actual repayment offered by the provider may differ.
Estimated total repayments
$59,163.27
Estimated interest
$9,163.27
Key product details
- Category
- Home Loans
- Subcategory
- Home Loan
- Purpose
- INVESTMENT
- Repayment type
- PRINCIPAL_AND_INTEREST