home loans

Nunga Loan

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.