Interest in Advance (IA) Invetment Home Loan
An investment home loan that provides you with some great benefits when it comes to tax time. Generally used closer towards the end of the financial year where you pay the interest in advance and are able to claim the expense against your income. Generally these loans also recieve a slight discount from a standard home loan. These investment home loans are limited on features because of the nature of the product but have low ongoing fees.
Features and Benefits
Loan Purpose
• Investment purposes only
• Off the Plan purchases
Features
• Weekly, fortnightly or monthly repayments
• Lump sum repayments are allowed
• Portability
Benefits
• Interest calculated daily and charged monthly
• Repay your home loan off faster
• Ability to repay lump sums (limits apply)
• Structure repayments weekly, fortnightly or monthly
• Reduce monthly payments with a loan term up to 30 years
• Make additional repayments to pay off their loan sooner and save on interest
• Repayment Redraw (re-borrow payments in advance back off the home loan)
• Payment methods via Internet Banking, Telephone Banking, ATMs, EFTPOS and Branches
• Portability – move your home loan to your next home purchase
• Interest Only - make interest only payments for a period of 1, 2, 3, 5, 7, 10 or 15 years
• Repayments can be automatically deducted from any nominated banking account
At a Glance
• Minimum – $10,000
• Maximum – No Maximum
• Term – up to 30 years
• Security of monthly payment amount
• Lower/no ongoing fees
