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Types of Financial Loans

1. Honeymoon LoansA discounted introductory rate which is normally 6-12 months and is below the standard variable rate. Take advantage of the lower interest rate to repay your loan off as quickly as possible. After the introductory period it reverts to the standard variable rate or a fixed rate.
2. Standard Variable RateOffers you maximum flexibility and great features. This includes the option to fix or split your loan, the ability to make extra repayments when you can afford to and the option to redraw these funds for any purpose.
3. Basic Variable RateOffers a lower interest rate, but has fewer features. This is a no frills loan that allows you to make extra repayments and has a redraw facility.
4. Fixed Rate LoansProtects you against interest rate changes for an agreed time. You have piece of mind knowing that repayments won’t increase.
5. Combination or Split LoanAllows you the flexibility of a variable rate and the certainty of a fixed rate. This benefits you when rates drop and protects you when they increase.
6. Line of CreditAn interest only variable rate loan that allows you to borrow against the equity in your home with the added flexibility of a transaction account built into the loan.
7. Home Equity LoansAllows you to unlock the equity in your existing property for other opportunities such as purchasing an investment property, renovations, managed funds and shares.
8. All in One Loans (Offset)An everyday transaction account linked to your loan. By keeping all your money in your account and only redrawing your living expenses when you need to you can reduce the amount you owe. This in turn reduces the amount of interest you have to pay making your money work harder.
9. Professional PackagesAre generally offered to people who are borrowing $150,000.00 or more. For variable rate loans discounts can range from .50% - .70% off the standard rate. For fixed rate loans discounts are around .15% off the fixed rate. With Line of Credit facilities standard discounts are offered up to .70%.
10. Relocation / Bridging LoansA short term loan that covers the gap between purchasing your new property and selling your existing one. Usually offered at the standard variable rate (interest only) and have a term of up to 6 months if you are selling your property.
11. Personal LoansAn unsecured loan for personal use which can be at standard variable or fixed rates.
12. Commercial LoansA short term renewable loan used to finance a company’s immediate working capital needs. This is also suitable for a purchase, refinance or development construction.