Home Loans 18/11/2020

Arab Bank Home Loan Review

Read Here for Our Arab Bank Home Loan Review:

Thomas Berry, a scholar of the world’s religions and a cultural historian, once said, “The greater the diversity, the greater the perfection.”

Arab Bank Australia leverages its rich and diverse cultures and vast financial knowledge and experience for the benefit of its customers. It is a wholly-owned subsidiary of Arab Bank PLC, the first private bank in the Arab world with nearly a century of experience and more than 600 branches across five continents.

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Getting to Know Arab Bank Australia

Established in 1986, The Banks draws on its parent company’s strengths and expertise to be able to offer the same financial services, products and know-how to the residents of Australia. It is committed to providing superior service and award-winning products. It has garnered various awards for their Transactional, Investment and Business accounts.

Arab Bank Australia recently won the “Best Term Deposit Short Term, Bank category” in Money Magazine 2017 Best of the Best awards. When you go to them for your home loan, you can be sure to receive the same quality service that they are known for.

Special Home Loan Offers

Arab Bank Australia offers various home loan products. Learn a little bit about them to see if something meets your requirements.

  1. Basics Low Rate Home Loan

This special offer is for owner-occupiers and has a loan-to-value ratio of 80 per cent. Home loan borrowers can choose from principal and interest repayments. Loan portability is available for this product, so you can move to a new house and still keep your existing loan.

Key features:

  • Low variable interest rate
  • Choose from weekly, fortnightly or monthly repayment schedules
  • Automatic repayment
  • Extra repayments are allowed
  • Redraw facility
  1. Essentials Low Rate Home Loan

This is a home loan product with a 100 per cent offset account and a loan-to-value ratio of 80 per cent. You can choose from principal and interest repayments.

Key features:

  • 100% offset account is available
  • Low variable interest rate
  • Choose from weekly, fortnightly or monthly repayment schedules
  • Automatic repayment
  • Extra repayments are allowed
  • Redraw facility
  • Loan portability is available
  1. Fixed Rate Home Loan

This product starts with a low fixed interest rate for the first one to five years, then shifts to the variable Basics Home Loan interest rate for the rest of the loan. That way, you can be protected from interest rate hikes while benefitting consistent repayments during the first phase of the loan. If you have a fixed income or on a fixed budget and want fixed mortgage repayments for the first five years, then this loan may be for you.

Key features:

  • Fixed interest rate for the first one to five years
  • Choose from weekly, fortnightly or monthly repayment schedules
  • Automatic repayment
  • Loan portability is available

Standard features:

  • The minimum amount you can borrow is $50,000
  • The maximum amount is 95% of the property’s value
  • Loan mortgage insurance is required if you are borrowing more than 80% of the property’s value

Other Products You Can Explore

Arab Bank Australia also offers other personal financial services such as transaction and investment accounts, personal loans, foreign exchange. Companies can also go to them for business loans, fixed-term deposits, and overdraft, savings and cheque accounts.

They can also help with trade finance, including import L/C, export L/C, documentary collections, guarantees for international trade, foreign currency term deposit and foreign currency statement account.

Compare Banks and Other Lenders Today

At Makes Cents, we’ll help you find the right home loan products available on the market. You’ll be able to compare services and interest rates from more than 25 lenders to see what meets your requirements. Get started today.

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