Homeloans Ltd - a competitive home loans lender

EFM - Equity Finance Mortgage

Like to move to a better neighbourhood?

If you'd like a lifestyle with your home loan, call Homeloans Ltd on 1300 78 78 98 or click here to book an appointment with one of our accredited consultants.

The Equity Finance Mortgage (EFM)®, together with a Balanced variable loan from Homeloans Ltd enables you to:
• Reduce monthly home loan repayments by up to 20%
• Increase your borrowing capacity by up to 25%

The EFM® can help you to:
• get out of the renting cycle and into home ownership
• buy the house you want in the suburb you want,
• buy a house instead of an apartment, 3 bedrooms instead of two
• make the transition from two incomes to one income smoother by reducing monthly repayments
• free up money by using the equity in your property for other purposes - investment, school fees, lifestyle

Here’s how: you can borrow up to 20% of the property’s value as an EFM, and up to 75% of the property’s value as the Balanced variable loan from Homeloans Ltd. On the EFM portion of the loan, no interest is payable (unless you are in default) and no monthly interest repayments are required for the life of the loan.

Instead, when you sell the property or repay the EFM, you repay the EFM amount you originally borrowed plus up to a 40% share of any increase in the value of the property. If the value of the property happens to decrease, you may not have to repay the full EFM loan amount - a feature unique to an EFM.

Compare an EFM with a traditional loan
Calculate Appreciation payment/Depreciation allowance

WHO IS ELIGIBLE? To be eligible for an EFM:
•you must have a 5% deposit
•the property must be owner occupied, not for investment purposes
•the property must be at least 12 months old
•you must not require the support of a guarantor or be a company or trust

Click here to download a brochure for more information on how and EFM can help you.

For further details on how EFM can work for you call 1300 78 78 98, or click on the link below for an appointment with one of our Equity Finance Specialists.

Book a consultant (Please select EFM as your loan purpose)

EFM Disclaimer and Legals

This web site does not take into account your personal objectives, financial situation or particular needs. You should obtain a copy of the “Equity Finance Mortgage Disclosure Document” and the “Equity Finance Mortgage Terms and Conditions Booklet” and consider them before making a decision about whether to acquire an Equity Finance Mortgage. A copy of the “Equity Finance Mortgage Disclosure Document” and the “Equity Finance Mortgage Terms and Conditions Booklet” can be obtained by calling your lender. Fees, charges, terms, conditions and lending criteria apply. Full details are available on application. EFMs are arranged by Rismark International Funds Management Limited ABN 15 114 530 139. AFS licence number (293881) (trading as Rismark International). Permanent Custodians Limited ACN 001 426 384 is the lender.

ARES Capital Management Pty Limited’s intellectual property relating to the EFM product is protected by Australian Innovation Patent No. 2005 100 871, 2005 100 869, 2005 100 868, 2005 100 867, 2005 100 865, and 2005 100 864.

® Equity Finance Mortgage (EFM) and EFM are registered trade marks of ARES Capital Management Pty Limited ABN 93 113 861 046.

TM Equity Finance Mortgage is a pending trade mark of ARES Capital Management Pty Limited ABN 93 113 861 046.