Variable Loans are loans where the interest rate may be changed, by the lender, with regard to the official Reserve Bank interest rate and economic considerations. This is the most common type of loan. There are several different types of Variable Loans available.

Fixed Loans are loans given with a fixed interest rate, usually for between one to five years.

No Deposit Loans are generally for first home owners as they are able to make use of the grant to pay some of the purchase costs. Those borrowers that have owned a home in the past may also be able to utilise a 100% loan and we have lenders who may be able to assist.

Split Loans offer a combination of both the variable and the fixed interest options described above.

Honeymoon or Introductory Loans are loans with a lower interest rate for the first six to twelve months. After this time the loan becomes a variable rate loan.

Bridging Loans are for people who already have a loan and are purchasing a second property, but have not yet sold the first. There are usually conditions attached with this type of loan, including a time frame within which the first property should be sold, ie. between six and twelve months. This type of loan can be more costly than others.

Low Doc Loans require less documentation than regular loans, but as a result also usually have a higher accompanying interest rate. It is suitable for self-employed applicants who may have trouble proving their income.