What type of loans are there?

Below is a brief description of some of the types of loans we offer at Homeloans Ltd. You can find product details by clicking below, or for a full description on all our products, speak to one of our consultants, call 13 38 39.

Standard Home Loan - A traditional loan for owner-occupiers or investors. Most suitable for borrowers who require a flexible loan with all the features whilst still receiving a competitive variable or fixed interest rate.

Standard Options at Standard Rates

If you are buying a new home and haven't sold your current one our Go-Between standard loan will fund the purchase of your new home with no extra repayments for six months or until you sell your current property.

Want to pay off your home sooner? Our 100% Offset Loan will help your savings reduce the amount of interest your pay. Plus, you still have easy access to your savings at the same time.

Lo Doc Loan - If you are self employed and unable to provide all the documentation you need for a standard loan our Lo Doc loans may be right for you. They have all the features of a Standard Loan without the hassle of providing mountains of paperwork.

Lines of Credit - Ideal if you wish to eliminate debt as quickly as possible by making your money work smarter for you. The Line of Credit facility enables you to draw down and repay money as required.

You can use your Line of Credit for things such as renovations, paying bills, or investing. The best thing about a Line of Credit is you only need to draw the amount you need, so you don't pay interest on the money you don't use.

Lo Doc Lines of Credit - If you happen to be self employed and are you unable to provide all the documentation you need for a standard line of credit, our Lo Doc products may be right for you. They have all the features of a Standard Line of Credit without the hassle of providing mountains of paperwork.

EFM® Loan - works in conjunction with a traditional home loan. Together you are able to move some of the expense of a traditional home loan to later, when you eventually sell your property. An EFM allows you to borrow up to 20% of a property's value. There is no annual percentage rate applicable to an EFM loan, unless you are in default. There are no regular monthly loan repayments throughout the term of the EFM loan; instead, when you sell the property or repay the EFM, you repay the EFM amount you originally borrowed, plus a share of any increase in the value of the property.