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Variable Rate Interest Only
Repayments are calculated on interest only for a term of up to
5 years. The interest rate, may change from time to time to reflect current market
conditions, and therefore loan repayments may vary. The loan reverts to principal and
interest at the end of the interest only term.
Variable Rate Principal and Interest
The interest rate which may change from time to time to reflect
current market conditions. Repayments may therefore vary during the term of the loan.
Mortgage repayments are calculated on principal and interest throughout the life of the
loan.
Fixed Rate Interest Only
Fixed interest rate periods of 6 months, 1, 2, 3, 4 or 5 years are
available. The interest rate charged and repayments are set for this period. The
loan then reverts to principal and interest, at the current variable rate, for the
remaining term of the loan. A new fixed interest rate period may be selected at the
end of the initial fixed rate period.
Fixed Rate Principal and Interest
Fixed interest rate periods of 6 months, 1, 2, 3, 4 or 5 years are available with
payments being made on a principal and interest basis. The interest rate charged and
repayments are set for this period. The loan then reverts to the current variable rate
(still principal and interest), for the remaining term of the loan. A new fixed interest
rate period may be selected at the end of the initial fixed rate period.
Line of Credit
This is a revolving credit facility allowing you to repay and redraw funds up
to a preapproved credit limit. Loan repayments are calculated on interest only
for 5 years (the revolving credit period), reverting to principal and
interest, at the current variable rate, for the remainder of the loan term
No Financials Loan
Up to 60% LVR.
Can be fixed for 6 months, 1, 2, 3, 4 or 5 years and interest only for up to
5 years. Designed for self employed borrowers who have been self employed for 1
year or more.
For Existing Designer Home Loans - for loans settled prior to 1 January 2009, please call us on 09 526 2000'
For more details see our Term Sheets or
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