With our interest only loan, you repay only the interest on the principal during the term of your loan. At the end of your loan term you must repay the principal as a lump sum or renegotiate the loan to a principal & interest loan.

This type of loan is popular among investors who plan to sell the property in the short-term for profit. However it also has advantages for those intending to occupy the property as lower repayments mean you have more money with which to renovate.

	Fast approval: usually within 24 hours
	Borrow up to 95% of the property's value (Conditions Apply)
	No monthly account keeping or service fees

Variable interest rate	View our interest rates
Minimum amount	$20,000
Maximum amount	95% of the property value with Mortgage Insurance, 80% without
Loan period	5 years
Repayments	Monthly / Fortnightly / Weekly
Interest charges	Calculated daily, charged monthly
Loan set up costs (Valuation & Solicitor)	At cost $600 (approx)
Variable and lump sum repayments	No
Early repayment without penalty	Fee applies only if repaid within 4 years
Redraw facility	No
Property valuations available	Yes
Monthly account keeping/service fees	No
Loan Repayment Insurance available	Yes
Auto repayments (salary/account)	Yes
Loan establishment fee	No

More Information

• Learn more about the benefits of our mortgage loans
• Review our interest rates and fees
• Want to know how much you could borrow? Use our Loan Calculator
• Need answers? Check out our FAQs
• Find out more about our Loan Repayment Insurance
• Read our guide to buying a home

Apply

Apply for a Mortgage Loan.

Questions?

If you have any questions, please contact us.