Home > Home loans > Nunga Loan
Nunga Loan
A home loan that lets you
borrow up to 35% more
The Nunga Loan offers people of Aboriginal or Torres Strait Islander origin the chance to buy a home in South Australia. It offers a low deposit, manageable repayments and flexible loan options.
If you’re buying in the metropolitan area, we can provide you with a buyer’s agent to help you negotiate a fair price.
| Features |
|
| Low deposit |
Deposits start from 3% of the purchase price, depending on where you buy. |
| Buy established |
Available to buy established homes in metropolitan and some regional areas across South Australia. Not available for construction. |
| Save on Lenders Mortgage Insurance (LMI) |
We charge a Loan Provision Charge (LPC), which is much less than LMI for most borrowers. |
| Boost your borrowing power |
Options to combine with another loan to boost what you can borrow, without increasing your repayments. |
| Manageable repayments |
Our Repayment Safeguard breaks the link between interest rates and repayment amounts. |
| Interest rate options |
Choose a variable, fixed or split interest rate. Fixed rates are available for terms of 1-3 years. |
| No monthly account keeping fees |
We don’t charge account keeping fees. |
| Voluntary repayments |
Fee free voluntary repayments (capped at $10,000 p.a. for fixed rates). |
| Redraw |
Available if you’ve made voluntary repayments. |
| Repayment holidays |
Take a break from your loan repayments. |
| Use your equity |
As your equity grows, you may have the option to use it to renovate, update or invest in another property. |
Download our Nunga Loan fact sheet PDF (186KB)
Terms, conditions, and eligibility criteria, fees and charges apply
Sandy & Clayton's Story