Standard Variable Loans
These are loans where the interest rates can vary throughout the term of the loan. That is to say, the interest rate may go up or down during the loan term.

Basic Variable Loans
Basic variable loans are loans with lower interest rates, but with fewer features than a standard variable loan. The interest rate can, as the name indicates, vary over the term of the loan. Therefore, the interest rate can rise or fall over the term of the loan. These loans are typically "no frills" loan products.

Introductory Loans
These are variable rate loans with a discounted interest rate off the standard variable rate (commonly over 1% less), lasting a certain period of time, usually 1 year. After this period, they normally revert back to standard variable rates. Sometimes, depending on the lender rates, they can be fixed or capped during the initial/honeymoon period.

Fixed Rate Loans
These are loans where the borrower's interest rate and repayments are fixed for a set period, usually from 1 to 10 years, and sometimes longer. These loans revert to the standard variable rate at the time the fixed rate period has expired, unless "rolled over" for another fixed term (at prevailing rates).

Equity Loans
These loans allow borrowers to borrow up to a specified limit, which is secured by a mortgage over the property. These loans provide access to funds, when required, up to the limit set. Normally, the minimum repayment required is the interest only. Some lenders, however, do require that principal reductions begin to be made after a certain period of time.

Non Conforming Loans
Non Conforming Loans have been designed to help borrowers who do not meet standard lending guidelines. This includes borrowers who have an impaired credit, that are unable to provide the usual documentation required in support of their loan, or simply do not meet the lending criteria of mainstream lenders.

Personal Loans
These are secured and unsecured loans taken out to assist personal borrowers in purchasing items such as Motor Vehicles, Furniture and Computer Systems. The loan term is generally over a maximum of 7 years and a minimum of 12 months. Loan amounts can start from as little as $3,000 (subject to lending guidelines).

Commercial Loans
Commercial loans are available for a wide variety of business related purposes. Traditionally Commercial Loans are used by Self Employed persons to purchase commercially zoned premises or to provide capital to inject into their business to assist in the continuance and/or development of their business. Commercial Lending is different to Residential or Investment Lending, in that each case is assessed by the Lender on its merits and according to the Lender's Credit Policy, Loan Terms and Product Facilities that are offered.

Reverse Mortgages
This loan facility is accessed by persons who generally have retired or are in the process or retiring, with a limited income position and they wish to utilise the equity in their home to assist in their personal circumstances. The loan can generally be drawn down as a lump sum and/or in installments. The majority of lenders also have a no negative equity guarantee.

Deposit Bonds

There are two types of this facility: Standard and Long Term.

What is a deposit bond?

A deposit bond is a guarantee or bond that substitutes for a cash deposit between signing contracts and settlements when you buy a property. The maximum amount of the deposit bond is usually up to 10% of the purchase price.

The Deposit Power products available include Standard Guarantee for settlement terms up to 6 months. The application fee is generally 1.2% of the guarantee amount, with a minimum fee of $100.00.

Long Term Deposit Bonds are for settlement terms between 6 and 36 months and are suitable for purchases that involve lomger term settlements, such as properties under construction, vacant land or buying off the plan.

The minimum fee payable for a Long Term Guarantee is generally $500.00.

Risk Insurance

Risk Insurance provides an agreed financial benefit on the happening of an insured event. Risk Insurance covers a number of insured events, such as Income Protection Insurance, Partial and Total Disability, Trauma Insurance through to payment in the event of death. For more information, please contact us.

Leasing and Equipment Finance

Financing to purchase business and equipment finance is available on most types of equipment. The following are some examples. The types of loan will vary in accordance with your needs; loans include various lease options and Hire Purchase arrangements.

• Motor Vehicle
• Earthmoving Equipment
• Trucks and Trailers
• Coaches and Buses
• Engineering and Woodworking Equipment
• Fit-out of Offices and Stores
• Boats