A mixture of Fixed and Variable rate home loan packed with features to help you pay off your loan sooner. Variable can give you the flexibility you need- Fixed can give you the repayment comfort you require:
- Owner Occupied or Investment
- Repayment options available include Principal and Interest repayments and Interest Only repayments
- Offset Accounts- on variable rate loans
- Repayment Redraw and additional repayment options at any time on variable rate loans
- Interest calculated daily, charged monthly so the customer benefits immediately from every repayment they make.
- Switch to a fixed interest rate at any time
- Available for building and construction purpose
A fixed rate home loan gives you the certainty of knowing exactly what your repayments will be for the chosen term while protecting yourself against any potential interest rate rises:
- Repayment options available include Principal and Interest repayments and Interest Only repayments
- Owner occupier and investor options available,
- Customers have the option of Rate Locking their selected Fixed Interest Rates
- Interest calculated daily, charged monthly so the customer benefits immediately from every repayment they make.
- Converts to the applicable Standard Variable Interest Rate at the end of the agreed fixed rate period relevant to their loan purpose and repayment type at that time; or the customer can choose another fixed interest rate period.
A simple, easy-to-manage home loan, with a low variable rate and no monthly fees:
- Repayment Redraw
- Make extra repayments at any time
- Interest calculated daily, charged monthly so the customer benefits immediately from every repayment they make.
- Interest rate discount available
- Switch to a fixed interest rate at any time
This option is an ongoing source of low cost finance similar to an overdraft facility, usually secured against your equity. Interest is simply paid based on the outstanding amount owed.
This is a very flexible loan, providing you with extra funds when you need them, though it is only suited to people who have a good handle on their finances.
A Bridging Loan provides you with the finance to buy your new home before selling your current home, provided that you have suitable equity on your current home.
Choosing a Split Rate Loan, allows you gain advantages of more than loan option. A Variable Rate Loan can be applied against part of your loan, while a Fixed Rate Loan can be applied against the rest. You then gain the advantage of a partially fixed rate, but also gain the added features of a Standard Variable Loan.
Your repayments may still fluctuate according to interest rates, but will not vary as much as a Variable Rate Loan.
A fixed rate loan, that allows you to pay the interest in advance. This can be used to gain a tax benefit in the current financial year. Generally used for investment loans.
Some lenders offer discounts to professionals. Up to 0.7% can be deducted from the current interest rate.
Generally offered to the self employed, who have difficulty proving their earnings. A declaration is supplied, stating that the applicant can afford the repayments. The interest rate is generally a little higher due to the higher risk.
Offered to customers with bad credit ratings as a “last resort”. The interest rates are high due to the higher risk.