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Compare our home loans
A home loan that lets you
borrow up to 35% more
HomeStart Home Loans
| |
HomeStart Home Loan |
Breakthrough Loan
|
Graduate Loan |
Low Deposit Loan |
Seniors Equity Loan |
| Description |
A home loan option which can be designed to suit your needs |
A shared appreciation loan that can increase your borrowing power by up to 35%
Taken in conjunction with another eligible loan |
If you are a graduate, police officer or enrolled nurse, this loan could be the key to getting you into your own home sooner |
Even if you don't think that you have enough funds for a deposit, this loan could be the solution to help you on your way to home ownership sooner |
This loan is commonly referred to as a 'reverse mortgage' and enables over 60's to access their home equity |
| Deposit (may be higher in regional areas) |
From 5% |
N/A |
From 3% |
From 3% |
Equity required dependent on age of youngest borrower (available in metro & selected regional areas) |
| Interest rate options |
Variable |
 |
N/A |
|
|
|
| Fixed and split |
|
N/A |
|
|
N/A |
| Repayment type |
Safeguard |
|
N/A |
|
|
N/A |
| Interest linked |
|
N/A |
|
N/A |
N/A |
| Buy or build |
|
Buy only |
|
Buy only |
N/A |
| Voluntary repayments |
Limited to $10K if fixed |
Minimum lump sum $5K (valuation required) |
Limited to $10K if fixed |
Limited to $10K if fixed |
|
| Redraw (variable only) |
|
N/A |
|
Available after 12months |
Further drawdown may be available on either a regular or ad hoc basis |
| Portability and bridging |
|
N/A |
|
|
N/A |
| Equity access |
(After 6 months) |
N/A |
(After 6 months) |
After 12 months |
N/A |
Additional Home Loans
| |
Nunga Loan |
Advantage Loan
|
Equity Start Loan |
Wyatt Loan |
| Description |
This loan is available to Indigenous people. |
Tops up your borrowing power by up to $29,400
Available to customers with a household income of up to $775 per week ($40,300 per year before tax)
Taken in conjunction with another eligible loan |
The EquityStart Loan provides public and community housing tenants with a boost to their borrowing power of up to $50,000
Taken in conjunction with another eligible loan |
The Wyatt Loan covers fees and charges and may also cover deposit costs of up to 5% of the property's value.
Available to people with a net household income of $41,000 or less, who have lived in SA for 5 years and intend to remain in SA*
Taken in conjunction with another eligible loan |
| Deposit (may be higher in regional areas) |
From 3% |
N/A |
N/A |
N/A |
| Interest rate options |
Variable |
|
|
|
Interest free for five years, then combined with standard HS loan |
| Fixed and split |
|
N/A |
N/A |
N/A |
| Repayment type |
Safeguard |
|
N/A |
N/A |
N/A |
| Interest linked |
N/A |
N/A |
N/A |
N/A |
| Buy or build |
Buy only |
|
|
|
| Voluntary repayments |
|
|
|
|
| Redraw (variable only) |
|
N/A |
N/A |
N/A |
* Other terms & condition available on application
We also have an Investor Loan for existing customers. You may be able to borrow up to 100% of the purchase price or property value of the investment property (whichever is the lesser), plus the fees and charges associated with the purchase. Investor Loan lets you borrow up to 90% of the combined property values (both your original home and your proposed investment property) in the metropolitan area. Country areas may vary.
