Interest Only Home Loan
With our interest only loan, you repay only the interest on the principle during the term of your loan. At the end of your loan term you must repay the principle as a lump sum.
This type of loan is popular among investors who plan to sell the property in the short-term for profit. However it has advantages for those intending to occupy the property as lower repayments mean you have more money with which to renovate.
- Interest calculated daily and charged monthly
- No monthly account keeping or service fees
- Loan repayment insurance available
- Borrow from as little as $30,000
|
Key Features |
|
|---|---|
| Variable interest rate | View our interest rates |
| Minimum amount | $30,000 |
| Maximum amount |
90% of the property value |
| Loan period | Up to 5 years |
| Repayments | Monthly |
| Interest charges | Calculated daily, charged monthly |
| Loan set up costs (Valuation & Solicitor) | Max $875 |
| Variable and lump sum repayments | Yes |
| Early repayment without penalty | Yes |
| Redraw facility | No |
| Top up facility available | Min $10,000 |
| Monthly account keeping/service fees | No |
| Free death cover (up to $120,000 per membership) | Yes |
| Loan Repayment Insurance available | Yes |
| Auto repayments (salary/account) | Yes |
More Information
- Read the benefits of our Home Loans
- Need answers? Read our list of FAQs
- Use our Loan Calculator to work out what loan is right for you
- Find out more about our Loan Repayment Insurance
Apply
Apply for a Home Loan. 
Questions?
If you have any questions, please contact us. 
