Simplified Loan Directory

A mortgage used to purchase or refinance a primary residence. Owner-occupied loans typically come with lower interest rates compared to investment loans as they are considered lower risk by lenders.

• Key Benefits: Lower interest rates, potential access to government grants and incentives.
• Who It’s For: Homebuyers purchasing a property to live in.

A mortgage used to purchase a residential or commercial property for investment purposes. Interest rates are generally higher than owner-occupied loans.

• Key Benefits: Potential rental income, tax deductions on interest payments.

Who It’s For: Property investors looking to generate passive income or long-term capital growth.

A loan specifically designed for first-time property buyers, often with government incentives such as the First Home Owner Grant (FHOG) and First Home Guarantee (FHG).

• Key Benefits: Lower deposit requirements, access to government grants.
• Who It’s For: First-home buyers entering the property market.

A loan where a family member (typically a parent) offers part of their home’s equity as security, allowing the borrower to enter the market with a smaller deposit while avoiding Lenders Mortgage Insurance (LMI).

• Key Benefits: Reduced deposit requirements, no or lower LMI costs.
• Who It’s For: First-home buyers with supportive family members.

A mortgage designed for self-employed individuals or those with non-traditional income who may not have full financial documentation (e.g., tax returns, payslips).

• Key Benefits: Alternative income verification methods, flexible loan criteria.
• Who It’s For: Self-employed individuals, freelancers, and business owners.

A loan specifically for financing the construction of a new home or major renovations. Funds are released in stages as construction progresses.

• Key Benefits: Interest-only payments during the construction phase, progressive drawdowns to match building milestones.
• Who It’s For: Borrowers building a new home or undertaking significant renovations.

A loan used to switch from an existing mortgage to a new one with better terms, such as lower interest rates or improved loan features.

• Key Benefits: Potentially lower monthly repayments, access to equity.
• Who It’s For: Homeowners looking to save money or restructure their loan.

A specialised loan that allows SMSFs to borrow money for purchasing investment properties under a Limited Recourse Borrowing Arrangement (LRBA).

• Key Benefits: Tax-effective wealth-building strategy, long-term retirement planning.

Who It’s For: SMSF trustees seeking property investment options.

A mortgage where the interest rate remains unchanged for a set period (typically 1-5 years), providing predictable repayments.

• Key Benefits: Protection from interest rate rises, stable budgeting.
• Who It’s For: Borrowers who prefer certainty in repayments.

A mortgage with an interest rate that fluctuates based on market conditions, potentially leading to lower repayments when rates decrease.

• Key Benefits: Flexibility, ability to make extra repayments without penalty.
• Who It’s For: Borrowers comfortable with interest rate changes.

A loan where the borrower only pays interest for a specified period (usually 5-10 years), with principal repayments beginning afterward.

• Key Benefits: Lower initial repayments, tax benefits for investors.

Who It’s For: Property investors seeking to maximise cash flow.

A short-term loan that helps homeowners transition from one property to another, covering the purchase of a new home before selling the existing one.

• Key Benefits: Enables seamless property transitions, short-term financial flexibility.
• Who It’s For: Homeowners buying before selling their current property.

A loan that merges multiple debts (credit cards, personal loans) into a single mortgage, often at a lower interest rate.

• Key Benefits: Simplified repayments, lower interest costs.

Who It’s For: Borrowers managing multiple debts.

A loan that helps businesses acquire equipment, vehicles, or machinery without large upfront costs, preserving cash flow.

• Key Benefits: Tax-deductible repayments, structured finance options.
• Who It’s For: Business owners needing essential assets.

A loan designed for purchasing office spaces, retail properties, or industrial buildings for business or investment purposes.

• Key Benefits: Potential for high rental yields, long-term investment growth.
• Who It’s For: Business owners and commercial property investors.

A loan type designed for individuals with unique financial situations that do not fit standard lending criteria. These may include borrowers with bad credit, irregular income, or non-traditional employment.
• Key Benefits: Flexible terms, tailored solutions for complex situations.
• Who It’s For: Borrowers with non-standard financial situations such as bad credit or irregular income.

A loan offered to certain professionals, such as doctors, lawyers, accountants, and engineers, with more favourable terms, including higher borrowing limits and lower deposit requirements.
• Key Benefits: Higher borrowing capacity, lower deposit, and reduced interest rates for eligible professionals.
• Who It’s For: Professionals in fields like medicine, law, and finance.

A home loan structured to comply with Islamic law (Shariah), which prohibits interest (Riba). Islamic home loans are structured as a partnership or lease agreement, ensuring that interest is not charged.
• Key Benefits: No interest charges, compliance with Islamic principles.
• Who It’s For: Australian Muslim Borrowers seeking a home loan that complies with Islamic principles.

A flexible loan that allows the borrower to access a predetermined amount of funds, which can be drawn upon as needed. Interest is only paid on the amount used.
• Key Benefits: Flexibility to borrow as needed, only pay interest on the drawn amount.
• Who It’s For: Homeowners seeking flexible access to credit for ongoing needs.

A loan for older homeowners (typically 60+), allowing them to convert part of their home’s equity into cash, which is repaid when the homeowner moves, sells the home, or passes away.
• Key Benefits: No regular repayments required, cash flow in retirement.
• Who It’s For: Seniors looking to access the equity in their home for retirement.

A loan for self-employed individuals or small business owners who may not have the full documentation typically required by lenders. Often used to access business funding with fewer paperwork requirements.
• Key Benefits: Simplified application process, quicker access to funds.
• Who It’s For: Small business owners, freelancers, and self-employed individuals needing funding with less documentation.

A loan offered to borrowers with a poor credit history or high-risk financial profiles. These loans typically come with higher interest rates to offset the increased risk.
• Key Benefits: Access to credit for those with poor credit, despite higher rates.
• Who It’s For: Borrowers with poor or limited credit history.

A loan that allows homeowners to borrow against the equity in their property. The loan is secured by the home and is typically used for major expenses like home renovations or debt consolidation.
• Key Benefits: Access to larger amounts of money based on home equity, potentially lower interest rates.
• Who It’s For: Homeowners with significant equity in their property.

A loan that allows borrowers to purchase a home with no deposit, typically requiring a guarantor (e.g., a family member) to provide security.
• Key Benefits: No upfront deposit, reduced barriers to homeownership.
• Who It’s For: First-time homebuyers or those without a deposit, with a supportive guarantor.

A loan where homeowners can access the equity built up in their home, typically to finance retirement or other large expenses. This loan is repaid when the home is sold or upon the borrower’s death.
• Key Benefits: Access to home equity without selling the property.
• Who It’s For: Retirees or homeowners looking to release equity for expenses.