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There are a variety of home loans catering for different purposes. To have a clearer understanding, below explains the different type of loans. |
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| Standard Variable Loans offers you as a borrower, a variable interest rate with the flexibility and features that suit your needs. Loan splits and Redraw facilities are the types of features that a standard variable loan has to offer. |
| Line of Credit (LOC) Loans offer a variable interest
rate with interest only repayments. LOC Loans work on the basis
of the equity against your property. |
| 100% Offset Loans attached to your savings account that offers 100% of the interest on your home loan. |
| Equity Loans provides you with the option as the borrower to release any equity you might have in your existing property. |
| Construction Loans allow you to purchase land and build your new home. |
| Loans LOC All-In-One offer a linked account to your home loan for everyday usage. By this, only spending what you need, your repayments and interest can reduce saving you time and money. |
| Non-Conforming Loans are designed to accommodate those who do not meet the normal criteria. For example, being self-employed for less than two years, or people who have had a bad credit history. |
| Fixed Rate Loans protect you from any interest rate increases and your repayments will remain the same until the end of the fixed rate period. |
| Business Loans are to accommodate for people who are either starting their own business or who currently have a business. |
| Personal Loans are ideal for those little extras in life. |
| *Please note: Information that is contained on the web site should be used as a guideline only. You should seek advice from professional financial, legal and real estate specialists before purchasing a property and/or applying for a loan. |
