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 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 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

For more details see our Term Sheets or

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