Variable interest loan
Get a simple, low interest rate home loan with no monthly fees.
Do you want a low interest rate home loan that’s
easy to use?
Then the
Basic Home Loan could be for you. This low-frills home loan offers a low variable
interest rate and no monthly fees. Enjoy the flexibility of making weekly or
fortnightly repayments and the ability to make extra payments. A redraw facility
is also available if you’ve made extra payments.
Competitive interest rate, no monthly administration fees, flexible repayment
options and convenient redraw facility.
Fixed rate loan
Fixed repayments on your home loan let you budget for the future with
confidence.
Protect yourself against rising interest rates and make long-term budgeting easy
with a fixed rate home loan. The interest rate on many IC Property home loans
can be fixed for periods of one to five years - meaning that they are guaranteed
not to change during this time. At the end of the fixed rate period, the interest
rate reverts to the Standard Variable Rate or you can ask us to fix the interest
rate for another fixed rate period.
Guaranteed interest rate for a set period - choose 1 to
5 years, Protection from rising interest rates, Budget with confidence - you
know exactly how much you need to repay.
Line of credit home loan
Today's home loans let you do more than simply buy a home. Consider a line of credit loan for example. Also known as a revolving line of credit, these loans have become popular due to their flexibility and features.
A line of credit home loan is a credit facility secured with a first mortgage on a residential property. Similar to a credit card, they allow you to withdraw funds up to a set limit at any time. Repayments can be made in full or on a monthly basis.
This type of loan can be used to purchase most types of property, from the family home to an investment property. As long as you make the minimum monthly repayments, you can use the line of credit to carry out renovations, invest in shares or pay the bills.
Benefits
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Easy access to funds, with most line of credit facilities offering cheque books, plastic cards, Internet and phone banking and a range of transactions
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Withdraw up to your credit limit without having to gain pre-approval
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Credit limit amounts are usually higher than credit cards
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Interest rates are generally lower than credit cards
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Interest on the credit facility can be minimised by directing all your income into your home loan account
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Consolidate your debts by transferring other debts such as personal and car loans into your mortgage Risks
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While these loans give borrowers considerable freedom, they are not for everyone
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Like any credit card account, line of credit loans require financial discipline and good budgeting skills to stay within your financial limits.
Risks
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While these loans give borrowers considerable freedom, they are not for everyone
-
Like any credit card account, line of credit loans require financial discipline and good budgeting skills to stay within your financial limits.
Low document loan
Less paperwork and a simplified application process for those unable to provide documented proof of income.
Having trouble getting a home loan due to fluctuating income? Then the Low Doc home loan is just right for you. This flexible solution offers a simple application process for those that have difficulty providing documentation about their income.
No tax returns, financial statements or other forms of income verification required, particularly suited to the self-employed and others experiencing uneven cash flows.
Split facility loan
If you need the security of a fixed rate loan but want the flexibility of variable rate loan, then a split loan may be the answer. A split or combination loan brings together the benefits of variable and fixed interest rates into a single home loan. What makes this type of loan attractive for first time and existing borrowers is the ability to customise the loan and add as many features as required. The loan can be split many ways: 60% variable, 40% fixed or 50/50 splits are most common.
Split loans are useful in times of economic uncertainty, particularly when interest rates are rising. By splitting a loan, borrowers can hedge against the risk of higher rates whilst still keeping part of their loan at the lower variable rate.
Benefits
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Take advantage of different features various loans have to offer create your own customised loan package
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Split your loan to suit you. Most borrowers choose 50 per cent fixed and 50 per cent variable
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Select different repayment options for each split
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Use the split loan for investment and home property purposese.
Commercial property loan
Purchases or refinancing of commercial property.
Whether you are making your first commercial property purchase or adding to your
existing portfolio IC Property can assist. Business people frequently have differing
needs; they are looking to improve their terms and conditions of their next commercial
mortgage. The consideration of limited liability director's guarantees and other
elements to a loan's structure may become as important as how much they can borrow.
Using our extensive experience in the commercial finance field we can design and tailor financial solutions that fit your individual needs as well as take into consideration the unique elements of your business.
We understand that borrowing against commercial properties can be significantly
different to residential financing. So our IC Property advisers will be able
to inform you about the complex nature of commercial property investment and
assist you by structuring the best finance solution to suit your needs.
Bridging loan
Remove the burden of expensive bridging finance with a Relocation Home
Loan.
Trying to coordinate the sale of an existing property with the purchase of a new one can be stressful. If you don't synchronise the two, you can end up needing expensive bridging finance, or you might be unable to secure the new place you want. With the Relocation Home Loan you can buy your new home or investment property before you've sold the old one, so you get your new home sooner. And the Relocation Home Loan makes moving affordable - and we can structure it so you don't need to make repayments until you sell your existing home. You can even apply for a Relocation Home Loan if your existing home loan is with another financial institution.
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Borrow the deposit for your new property straight away
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Borrow the balance at settlement
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You can even borrow additional expenses, such as stamp duty and removalist expenses
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You have six months to sell your existing home and if you're building, up to an additional six months to build your new home.
First home buyers loan
Take the next step and buy your first home now.
Buying your first home is exciting, but can also be a bit daunting. Don't be discouraged by the challenge.Our experienced lenders provide personalised service to guide you through each step and into your first home.
With IC Property Family Pledge your parents
or family can help you purchase a home using their own home's equity. By providing
additional security for a portion of what you borrow, you can save a significant
amount of money by avoiding the need for Lenders Mortgage Insurance.
How much can you borrow?
The amount you could borrow depends on your income, financial commitments
(such as credit cards and personal loans), living expenses, credit history,
and savings record. Find out exactly how much you can borrow using our borrowing
power calculator.
First Home Owner Grant.
You may qualify for the $7,000 First Home Owner
Grant. And there’s no need to go to the State Revenue Office to
apply for it - we can lodge your application for the First Home Owner Grant
directly with them on your behalf when you apply for a home loan with us.
It's also worth checking to see if you qualify for any exemptions or rebates
on stamp duty.
Prepare to apply
Before you take the step to apply, gather the required documents
to support your application. Use our application
checklist as your guide.
Prepare to apply
Before you take the step to apply, gather the required documents
to support your application. Use our application
checklist as your guide.
Construction loan
Draw down funds in stages as your new home is being built.
Our Residential Construction Home Loan is a flexible loan that's designed specifically to help you build your new home. This means that loan funds are advanced progressively and only as your builder satisfactorily completes previously agreed construction stages. This saves you money, as interest is payable only on the amount advanced under the loan.
We can help you establish a schedule of progress payments and organise your expenditures so that they are made only after each stage of the building has been inspected and verified. To help us determine the final cost of your property you will need to supply construction cost estimates (tenders, costs and quotes from your builder); council approved plans and specifications, including any conditions of approval; and written details of any work to be carried out by you, your family, friends or subcontractors.
Access to funds when you need them, improve cost-efficiency of your project by establishing a schedule of payments to build.
Refinance loan
Get a better home loan by refinancing.
Want a better interest rate or to reduce your monthly payments? Perhaps you want to tap into your home equity and free up some money to renovate or invest. Whatever the reason, we can help you find a new home loan to meet your changing needs.
Useful information
Compare loans using varying interest rates, loan amounts, loan terms and more
with our Home Loan Comparison Calculator.
Prepare to apply
Before you take the step to apply, gather the required documents to support your application. Use our application checklist as your guide.