Enjoy a discounted introductory interest rate for the first twelve months of your loan, then a competitive variable rate afterwards. A suitable loan if you need a head start in the early stages of settling into your new home.
- Minimum amount $50,000
- Maximum amount is 95% of the value of the property
- Minimum loan term is 2 years
- Loan Mortgage insurance (LMI) is required if amount borrowed is more than 80% of the value of the property
- Discounted interest rate for twelve months
- Variable interest rate
- Weekly, fortnightly or monthly repayments
- Redraw facility
- Ability to make extra repayments
- Automatic repayments
- Loan portability available
Is this loan right for you?
The HeadStart Home Loan helps you get off to an easy start, with low repayments for the first twelve months of the loan, to help you cope with the other up front costs of buying a property. After the Head Start period (twelve months), the loan switches to a competitive variable rate.
This product is available for owner occupier purposes and if you have approached the Bank directly; not through a referrer (paid or otherwise).
This calculator provides the approximate repayment amount required on a monthly, fortnightly or weekly basis. Simply enter a loan amount, a loan term and an annual interest rate and press the 'Calculate' button.
This calculator provides the approximate years and months it will take to repay a loan. Simply enter a loan amount, a regular repayment and an annual interest rate and press the 'Calculate' button.
Provides an approximate loan amount based on a regular repayment. Simply enter a regular repayment amount, an annual interest rate and a loan term and press the 'Calculate' button.