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Retro Home Loan

A classic home loan with modern features.

INTRODUCING

The Retro Home Loan

This is a good old-fashioned home loan with the great features you need, without the cost of those you don’t. It’s simple and easy to understand with no fancy frills – but still with some of the best modern features you expect, like 24/7 online access and an optional 100% offset facility.*

When you become a Retro customer, you’re planting a tree and helping build a more sustainable future.

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FEATURES

Why choose Retro?

Our Retro home loans are a more common sense and flexible approach to lending as we can cater for self-employed customers, and customers who may not fit traditional lending criteria. Retro includes products with different features such as a redraw facility and a 100% offset facility*that you can use to reduce interest on your loan.

New Product

Thrive in your retirement years

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Retro Thrive is an innovative product designed to cater to mature-aged borrowers 50 and over looking for more flexible repayment options. Thrive enables customers to choose an interest-only (IO) repayment schedule over a 40-year term without repeatedly applying for extensions, ultimately providing more options to hold these assets longer term into retirement.
 
Thrive allows borrowers only to pay the interest charged on the loan amount, and the principal remains unchanged until it’s discharged upon selling the property or at the end of the loan term.*

*Please note this information is general. The terms and conditions of particular loans differ. Information is correct as at 1 September 2023 and is subject to change. AFG Home Loans lending criteria, terms, conditions, fees, and charges apply. Full details of terms & conditions available on application.

New Product

Flip the switch

Eligible customers can switch to a Retro Switch home loan to allow for quick refinancing at a more favourable rate. Switch is a home loan with a 1% serviceability buffer rather than the usual 3% industry standard, meaning your broker may be able to switch your mortgage with a more favourable rate. Speak to your broker to see if you’re eligible for Retro Switch.

Offset Facility Option

Reduce your interest costs with your 100% offset facility*.

Using the optional offset facility* can help reduce your repayments with funds in a separate loan sub-account helping to offset the interest on your loan. And it comes at no extra cost.

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Fees

  • No ongoing service fees for the offset facility*.
  • Unlimited free transactions.

  • ATM transaction fees are charged at point of transaction and are unascertainable.

Availability of funds in your Offset Facility

  • An offset facility is only available with any variable interest Retro Home Loan/Link Home Loan.
  • Limitations on withdrawals may apply in certain circumstances.
  • The offset facility* balance may not exceed the loan account balance.
  • AFG Home Loans can debit the offset facility with any amounts lent to you or due under your mortgage.
  • Please note that having an offset facility* does not automatically give you a right to redraw from that offset facility.
  • If you have a redraw facility on your home loan and have made payments into your offset facility above your minimum repayment, you may withdraw those extra payments if:
    • You have not arrears or defaulted under your loan agreement;
    • The redraw facility has not been suspended or cancelled; and
    • No other redraw restrictions apply to your loan contract.

Please talk to your broker about whether this feature is appropriate for you.

Why choose AFG Home Loans?

Nimble but safe

In the scheme of things, we’re a small player. With this comes agility and the ability to stay ahead. But we’re also backed by some of the biggest players in the market – so you know you’re in safe hands.

WE'VE GOT YOU COVERED

Who is AFG Home Loans?

AFG Home Loans has been around for over a quarter of a century, and are funded by some well-known Australian companies including, Adelaide Bank and Pepper Money.

WE CAN HELP

Get in touch with your local broker

We offer our loans exclusively through experienced AFG brokers via our broker network, making sure you receive a loan that meets your individual needs.

Self management is a freelancer’s greatest tool

*Limitations on withdrawals may apply in certain circumstances. An offset facility is only available with any variable interest Retro Home Loan. The offset facility is not available for Retro SMSF loans. The offset facility is a sub-account linked to your nominated loan account. The offset facility forms part of your loan account. The offset facility balance may not exceed the loan account balance. AFG Home Loans can debit the offset facility with any amounts lent to you or due under your mortgage. Please note that having an offset facility does not automatically give you a right to redraw from that offset facility. If you have a redraw facility on your home loan and have made payments into your offset facility above your minimum repayment, you may withdraw those extra payments if:

  • You have no arrears or defaulted under your loan agreement;
  • The redraw facility has not been suspended or cancelled; and
  • No other redraw restrictions apply to your loan contract.

Please talk to your broker about whether this feature is appropriate for you.

I want to buy my first home

Buying your first home is exciting, but it’s a big step to take and one that comes with many questions and decisions.

I'm considering refinancing

Situations change, perhaps you’ve changed jobs, a new addition to the family? Maybe you would just like a better rate?

I'm looking to buy an investment

Research and having the right people to help you are the keys when investing in property.

I'm thinking about buying my next home

Whether you’re looking to upsize, downsize, relocate, or buy that dream holiday home.

I'm looking to build a new home

Building your own house can be a wonderful experience – but it can also be expensive.

Retro

The classic home loan with modern features.

Link

Flexible loans for borrowers looking for solutions outside the box.

Bright

Tailored loans to support diverse needs.

Align

A versatile home loan with no ongoing fees.

Edge

Simple competitive home loans with all the essentials.

Alpha

Tailor your finance with a versatile range of loan options.

Options

A finance solution for those who may not meet standard criteria.