Understanding Your Loan Features

Every borrower is unique, which is why we offer a variety of loan features designed to suit different financial situations and priorities. Whether you’re looking for stability, flexibility, or long-term savings, explore the features below.

Fixed Rates

Lock in Certainty with a Fixed Rate Loan

A fixed-rate loan provides stability and peace of mind by locking in your interest rate for a set period, typically between 1 and 5 years. This makes budgeting easier and protects you from rate increases during the fixed term.

• Benefits:
  • Predictable repayments, making budgeting straightforward.
  • Protection from interest rate rises.
• Considerations:
  • Limited flexibility for extra repayments or changes.
  • May not benefit from interest rate reductions.

Fixed rates are ideal for borrowers who value stability and want to plan their finances with confidence.

Variable Rates

Flexibility for Changing Circumstances

A variable-rate loan offers adaptability, with an interest rate that fluctuates based on market conditions. This flexibility lets you take advantage of rate reductions while offering options to pay off your loan faster.

• Benefits:
  • Potential for lower repayments if rates drop.
  • Flexible repayment options, including the ability to make extra payments.
• Considerations:
  • Payments can increase if interest rates rise.
  • Requires careful budgeting to manage fluctuations.

Variable rates are perfect for borrowers who want flexibility and the ability to save on interest.

Interest-Only

Maximize Cash Flow with Lower Initial Repayments

Interest-only loans let you pay just the interest on your loan for a set period, usually 1 to 5 years. This is especially popular for investors focusing on cash flow or capital growth.

• Benefits:
  • Lower repayments during the interest-only term.
  • Frees up cash flow for other investments or expenses.
• Considerations:
  • The principal doesn’t reduce during the interest-only period.
  • Higher repayments once the loan transitions to principal and interest.

Interest-only loans are a strategic option for investors or those managing short-term financial priorities.

Split Loans

The Best of Both Worlds: Fixed and Variable Rates

Split loans combine the stability of fixed rates with the flexibility of variable rates by dividing your loan into portions with different terms.

• Benefits:
  • Stability with the fixed portion of the loan.
  • Flexibility with the variable portion for extra payments or rate drops.
• Considerations:
  • More complex to manage than single-rate loans.
  • Different terms and conditions for each portion.

Split loans are perfect for borrowers looking to balance predictability with the freedom to make extra repayments.

Offset

Save on Interest While Keeping Your Money Accessible

An offset account is a transaction account linked to your home loan. Every dollar in the account reduces your loan balance, helping you pay less interest while keeping funds accessible.

• Benefits:
  • Lower interest charges by offsetting your loan balance.
  • Full access to your funds, just like a regular bank account.
• Considerations:
  • May come with higher fees than standard accounts.
  • Requires consistent savings to maximize benefits.

Offset accounts are a smart choice for borrowers who want to save on interest while maintaining flexibility.

Want To Calculate How Much You Will Save? Click Here

Packages

Bundled Value with Home Loan Packages

Home loan packages combine your loan with other financial products, such as credit cards or savings accounts, offering discounts and added perks.

• Benefits:
  • Interest rate discounts and fee waivers on linked products.
  • Convenience of managing multiple financial products with one provider.
• Considerations:
  • Annual package fees may offset savings if products aren’t fully utilized.
  • Limited ability to choose products from other providers.

Packages are ideal for borrowers looking for added value and simplicity in their financial management.

Line of Credit

Flexible Access to Funds as You Need Them

A line of credit allows you to borrow funds up to a set limit, similar to a credit card. You only pay interest on the amount you’ve used, making it a versatile option for renovations, investments, or emergencies.

• Benefits:
  • Flexible access to funds when needed.
  • Pay interest only on the amount used, not the full limit.
• Considerations:
  • Higher interest rates compared to traditional loans.
  • Requires discipline to manage spending and repayments.

Lines of credit are perfect for borrowers with fluctuating needs who value financial flexibility.

How We Help

Understanding your loan options can feel overwhelming. That’s where we come in:

• On-Going Support: From your initial inquiry to your final loan repayment, we stay by your side – offering guidance, answering questions, and making sure you have the support you need.
• Tailored Guidance: We work closely with you to find the right loan for your circumstances.
• Access to Top Lenders: Leverage our network of trusted banks and lenders.
• Transparent Support: We explain every step so you feel confident in your decision.

Loan Features Explained: Your Guide to Understanding