Frequently Asked Questions

What's an interest only home loan?
An Interest Only Loan means that for a period of up to five years your repayments only cover the interest...

How is interest calculated?
Interest is calculated on the daily outstanding balance of your loan. You can reduce the interest payable by making extra...

Can I pay extra off my loan?
As long as it's a variable rate loan, you to pay off as much as you like in extra repayments...

What is a pre approval?
Pre-approval is a conditional approval based on your ability to repay a loan. This means that you can search for...

Should I get a fixed rate or the variable rate loan?
It depends on your circumstances and your outlook. Fixed rates are usually a little higher than variable rates so you...

For what purposes can I borrow money?
We will lend you money: to buy a residential property to buy a residential investment property to refinance an existing...

What is the difference between a fixed rate and variable rate loan?
A fixed interest rate does not vary for the fixed rate period, so payments remain constant for this period. A...