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Advantage Loan
Starting out, starting over,
start with HomeStart
The Advantage Loan is an additional loan of up to $30,615 for people on a limited income. It’s combined with another
HomeStart loan to boost your borrowing power.
| Features |
|
| Boost your borrowing power |
The Advantage Loan is combined with another HomeStart loan to boost your borrowing power by up to $30,615. |
| Subsidised interest rate |
The Advantage Loan has a lower interest rate equivalent to CPI.
All interest on the Advantage Loan is refunded if you payout the loan within the rebate period (normally 5 years). |
| Eligibility |
Available if you earn up to $711 per week ($36,980 per year) after tax. |
| Repayments |
Repayments are not required on the Advantage Loan until you’ve paid your HomeStart loan portion in full. |
| Voluntary repayments |
Fee free voluntary repayments (capped at $10,000 p.a. for fixed rates). |
Download our Advantage Loan fact sheet PDF (233KB)
Terms, conditions, and eligibility criteria,
fees and charges apply
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