Features at a glance
- 100% offset facility
- Multiple accounts – ability to split your loan into multiple accounts after settlement
- Choose between fixed or variable interest rates, and principal and interest or interest only accounts
- Additional repayments –additional repayments permitted at any time on variable loans and up to $10,000 per year on fixed rate loans.
- Redraw facility to enable you to pay extra money into your loan that you can take out later if you need it
- Build or renovate – funds can be used to build your home or renovate your existing home
|Loan term||30 years|
|Principal and interest||Yes|
|Interest only option||Maximum 5 years|
|Option to fix 1||Yes|
|Available fixed rate terms 1||1-5 years|
|Additional payments on variable||Yes|
|Funds drawn at settlement||Yes|
|Accounts (splits)||6 loan splits prior to settlement (up to 10 post settlement) + 2 offsets per split (must be set up prior to settlement)|
|Interest in advance 2||Yes|
|Redraw available||Yes on variable rate (not fixed rates)|
|Variations||Yes subject to eligibility|
- Fixed rate loans may be subject to significant break costs. We recommend that clients refer to their loan contract and terms for details of break costs applicable.
- Limitations apply to the availability of interest in advance. Please contact us for full terms and conditions. Fixed rate loans may be subject to significant break costs. We recommend that clients refer to their loan contract and terms for details of break costs applicable.
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AFG Home Loans Icon™ products are provided by Macquarie Bank Limited ABN 46 008 583 542 (MBL) Australian Credit Licence 237502 and promoted by AFG Home Loans Pty Ltd ABN 26 153 255 559 Australian Credit Licence 411913. The AFG Home Loans Icon information on this website was prepared and issued by MBL.