Establishment Fee waived
LVR of 80% or less.
Variable interest rate. LVR of 80% or less.
Multiple offset accounts7.
Discounted Establishment Fee3,4 of $300.
Find out how your family could help with the deposit with our First Start Shared Equity Agreement (SEA) or Family Guarantee.9
Ability to borrow up to 85% LVR with no LMI.5
0.80% p.a. discount off Standard Home Loan variable interest rates.
First Start is an ideal way for parents to help their child enter the property market while protecting the interests of all parties.
Want to know more about how it works? Check out our Frequently Asked Questions
The offset facility is a separate account used in conjunction with your home loan account. With 100% offset, we deduct your transaction account balance from your Home Loan balance and you only pay interest on the reduced amount. For example, if the amount borrowed is $200,000 and the balance of the offset account is $20,000, interest will only be calculated on $180,0007.
Lenders Mortgage Insurance (LMI) is only required if the loan exceeds 80% of the property value or 85% for Premier Package Home Loan holders where approval conditions are met. These conditions include applicants to be employed in the Education sector, owner occupied only, no equity release with refinanced loans, no off the plan or construction loans, standard security types, some postcode restrictions apply. LMI protects the lender. Loans of up to 95% Loan to Value Ratio (LVR) can be approved, subject to meeting LMI approval conditions and may be extended to 98% inclusive of LMI fee capitalisation for First Home Buyers.
First mortgage over owner occupied or investment property (not available for commercial properties).
We offer the flexibility of splitting your loan into Variable and Fixed Interest Rate portions or into two or more different loan products (the offset feature is not available for fixed rates).
Interest calculated daily and charged monthly in arrears.
A Home Loan Key Facts Sheet is an easy way to help you understand and compare home loans.
Generate a Home Loan Key Facts Sheet
A Key Facts Sheet provides you with loan information in a standardised format which allows you to compare different home loans.
Use our Home Loan Calculator to figure out how much you can borrow and what your repayments may be.