Standard Variable Loans

These are loans where the interest rate can vary throughout the term of the loan. That is to say the interest rate may go up or down during the loan term.

Basic Variable Loans:

Basic variable loans are loans with lower interest rates but with fewer features than a standard variable loan. The interest rate can, as the name indicates, vary over the term of the loan. Therefore, the interest rate can rise or fall over the term of the loan. These loans are typically "no frills" loan products.

Introductory Loans:

These are variable rate loans with a discounted interest rate off the standard variable rate (commonly over 1% less), lasting a certain period of time, usually 1 year. After this period, they normally revert back to standard variable rates. Sometimes, Depending on the lender, rates can be fixed or capped during the initial/honeymoon period.

Fixed Rate Loans:

These are loans where the borrower's interest rate and repayments are fixed for a set period, usually from 1 to 10 years, and sometimes longer. These loans rever to the standard variable rate at the same time the fixed rate period has expired, unless "rolled over" for another fixed rate term (at prevailing rates)

Equity Loans:

These loans allow borrowers to borrow up to a specified limit which is secure by a mortgage over the property. These loans provide access to funds, when required, up to the limit set. Normally, the minimum repayment required is the interest only. Some lenders, however, do require that principal reductions begin to be made after a certain period of time.

Low Doc/No Doc Loans:

These are products available for borrowers who are normally self employed or do not have tax returns or financial reports.

Non Conforming Loans:

Non Conforming loans have been designed to help borrowes who do not meet standard lending guidelines. This includes borrowers who have an impaired cred, are unable to provide the usual documentation required in support of their loan or simply do not meet the lending criteria of mainstream lenders.

Personal Loans:

These are secure and unsecure loans taken out to assist persnal borrowers in purchasing items such as Motor Vechicles, Furniture and Computer Systems. The loan term is generally over a maximum of 7 years and a minimum of 12 months. Loan amounts can start as little as $3,000. (subject to lending guidelines)

Commercial Loans:

Commercial loans are available for a wide variety of business related purpose. Traditionally Commercial loans are used by seld employed persons to purchas commercially zoned premises or to provide capital to inject into their business to assist in the continuance and or developement of their business. Commercial ledning is different to Residential or Investment lending, in that each case is assesssed by the Lender on its merits and according to the Lender's Credit Policy Loan Terms and Product facilities are offered.

Reverse Mortgages:

This loan facility is accessed by persons who generally have retired or in the process of retiring, with a limited income position and they wish to utilise the equity in their home to assist in their personal circumstances. The loan can generally be drawn down as a lump sum and/or in instalments. The majority of lenders also have a no negative equity guarantee.

Deposit Bonds

There are two types of this facility, Standard and Long Term.

What is a Deposit Bond?

A Deposit Bond is a guarantee or bond that subsitutes for a cash deposit between signing contracts and settlements when you buy a property. The maximum amoubt of the deposit bond is usually up to 10% of the purchase price.

The Deposit power products available include Standard Guarantee for settlement terms up to 6 months. Application fee is generally 1.2% of the guarantee amount with a minimum fee of $100.00.

Long Term Deposit Bonds are for settlement terms between 6 and 36 months are suitable for purchases that involve longer term settlements, such as properties under construction, vacant land or buying off the plan.

The minimum fee payable for a Long term Guarantee is generally $500.00.

Risk Insurance

Risk Insurance provides an agreed financial benefit on the happening of an insured event. Risk Insurance covers a number of insured events, such as Income protection Insurance/Partial and Total Disability, Trauma Insureance through to payment in the event of death. For more information please contact us.

Leasing and Equipment Finance

Financing to purchase business and equipment finance is available on most types of equipment following are some examples. Types of loan will vary in accordance with your needs; loans available include various Lease options and Hire Purchase arrangements.

  • Motor Vehicles
  • Earthmoving Equipment
  • Trucks and Trailers
  • Coaches / Buses
  • Engineering and woodworking equipment
  • Fit out of offices and stores
  • Boats

Please contact us for more information

What types of loans are available?

  • First Home Buyer Loans
  • Buying another Home
  • Refinancing
  • Commercial and Business Loans
  • Equipment Finance - Leasing and Hire Purchase
  • Investing in Property
  • Building Loans
  • Unlock the equity in your home
  • Home loans for self-employed and Low Documentation Loans
  • Credit impaired loans
  • Consolidation of debts
  • Personal Loans
  • Bridging Loans
  • Reverse Mortgages