Residential Home Finance

Variable Rates

• Features: In line with Sharah principles the rate can vary according to an independent bench-mark.
• Advantages: Flexibility; potentially lower rates if market rates decrease.

Fixed Rate

• Features: You can choose to have your rate locked in for a certain period, typically 1-10 years, meaning your repayment amounts won’t change during this time.
• Advantages: Certainty in budgeting; protection from rate increases.

Longer finance term

• Features: We have the ability to extend the finance term beyond the standard 30 years – of course, if you are on a variable rate you can still pay off your finance earlier.
• Benefits: This will lower your overall monthly payment and assist you with your personal cash budgeting.

Low Deposit Finance

• Features: We offer finance for deposits as low as 5%.
• Benefits: Ideal for first home buyers who need access to the property market with a smaller deposit.

Offset Accounts

• Features: A savings or transaction account linked to your mortgage. The balance of the offset account reduces the amount of interest calculated on your home loan.
• Benefits: Can significantly reduce the amount of rental rate you pay over the life of your finance.

Redraw

• Features: A redraw facility is a feature that allows customer to access (or “redraw”) any extra repayments they have made on their finance over and above their required monthly payments.
• Benefits: This provides flexibility for customer who may overpay on their home finance with the aim of reducing their rental rate payable and finance term, but who also want the peace of mind knowing they can access these extra funds if needed.

Alt Doc

• Features: Secure a wide range of finance options with reduced paperwork requirements.
• Benefits: Ideally suited to self employed individuals or business owners who may not have traditional proof of income, but can demonstrate their ability to service finance in other ways.

Shariah Compliance

• Features: A rigorous Shariah audit and compliance program.
• Benefits: A systematic approach providing assurance that our product development and financing processes strictly follow Shariah principles from start to finish.