Interest-only home loans

With an owner-occupied home loan, you're buying a property to live in. It’s simply the difference between whether you’re living in the property or not. If it’s your current residence, it’s considered owner-occupied. These loans typically have lower interest rates than investment loans.

With an investment home loan, you're buying a property to generate income, either through rent or capital gains, while living elsewhere. How the property is used determines the type of loan you need. Investment loans usually come with higher interest rates than owner-occupied loans.

With a variable rate loan, your repayments can change during the life of your loan as interest rates can change for various reasons. Sometimes you’ll pay more, and sometimes less depending on the direction of an interest rate change. Always do your research about whether a variable or fixed rate loan works best for you.

With a fixed rate home loan, you will know exactly what your repayments will be for a fixed period of time. We offer fixed rates for periods of 1 to 5 years. Your fixed rate will change to a variable rate at the end of the fixed term, unless you advise the bank you want to ‘re-fix’ your loan before the fixed term ends.