With our interest only loan, you repay only the interest on the principal during the term of your loan. At the end of your loan term you must repay the principal as a lump sum or renegotiate the loan to a principal & interest loan.
This type of loan is popular among investors who plan to sell the property in the short-term for profit. However it also has advantages for those intending to occupy the property as lower repayments mean you have more money with which to renovate.
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Fast approval: usually within 24 hours |
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Borrow up to 90% of the property's value (Conditions Apply) |
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No monthly account keeping or service fees |
Family First Member Relationship Fee Rebate Scheme
Refer to our Fees and Charges Brochure to see if you qualify for a Fee Rebate!
| Variable interest rate | View our interest rates |
| Minimum amount | $20,000 |
| Maximum amount |
90% of the property value with Mortgage Insurance, 80% without |
| Loan period | 5 years |
| Repayments | Monthly / Fortnightly / Weekly |
| Interest charges | Calculated daily, charged monthly |
| Third Party Legals & Valuation Fees | At cost $1040 (approx) |
| Variable and lump sum repayments | No |
| Early repayment without penalty | Fee applies only if repaid within 4 years |
| Redraw facility | No |
| Property valuations available | Yes |
| Monthly account keeping/service fees | No |
| Loan Repayment Insurance available | Yes |
| Auto repayments (salary/account) | Yes |
| Loan establishment fee | Only applies to top up of existing loan |
More Information
- Learn more about the benefits of our mortgage loans
- Review our interest rates and fees
- Want to know how much you could borrow? Use our Loan Calculator
- Need answers? Check out our FAQs
- Find out more about our Loan Repayment Insurance
- Read our guide to buying a home
Apply
Apply for a Mortgage Loan. 
Questions?
If you have any questions, please contact us. 
