Usually high range home loans or non genuine savings loans (up to 100% LVR) restrict borrowers to their usage of the loan, with most only being available to either First Home Buyers or Owner Occupied purchases.

Flexi 100* is a suite of 100% Home Loans offering greater flexibility in home loan usage.
 
Flexi 100 was designed to meet the market need for an all purpose residential home loan for borrowers with little deposit or equity, but good cash flow, requiring a loan up to 100% of a property’s price or valuation (whichever is the lesser).

The Flexi 100* product range is suited to borrowers (first home buyers, previous & existing home owners, investors) who have little, or wish to use little or no deposit/equity, but who do have a strong good credit rating, stability in residence and a good employment history.

The product range is only available to those requiring an LVR of greater than 80% (up to a maximum of 100%) with a maximum loan size of $750,000.

Variable Interest Rates from 8.09%

Flexi 100* is available for:

• Owner Occupied or Investment purchases (new or existing)
• Construction Loans
• House & Land packages
• Vacant Land (some restrictions apply)
• Refinances
• Minor Debt Consolidation

Features & Benefits:

• No Genuine Savings required
• FHOG not required as Deposit or prerequisite to qualifying for loan
• Deposit can be sourced from Borrowed Funds when LVR is less than 90%
• Interest in Advance Repayment Option available for investors
• Interest Offset Facility available
• Fixed, Variable rates or combination of both
• Principal & Interest, Interest Only repayments
• Weekly, Fortnightly, Monthly repayment frequencies
• Redraw facility
• Lender’s Mortgage Insurance (LMI) Premiums lower than industry average
• LMI approval not required with Loan Risk Fee option
• Lower Upfront Costs option available for those who do not have sufficient funds to cover the cost of Lenders Mortgage Insurance or Loan Risk Fee

 
Depending on the purchase price of a property and the financial entitlements available to First Home Buyers, a Flexi 100 home loan may well represent a true No Deposit Loan where the home buyer(s) may not need to contribute any of their own funds towards the purchase.

With Flexi 100*, borrowers requiring a 100% home loan have greater flexibility of use available to them; with loans available to Owner Occupiers as well as Investors for property purchase, construction or refinance, and borrowers are not required to be First Home Buyers.

Loan Costs, Mortgage Insurance Premiums, Risk Fees and Interest Rates are very competitive and in most cases less than what is generally on offer from other home loan providers for comparable products.

First Home Buyers, previous or existing Home Owners with little or no deposit/equity, or wishing to use little or no deposit/equity for their next Purchase, Construction, Refinance or Debt Consolidation – should seriously consider the great array of Loan Features & User Benefits on offer with Flexi 100.

To discover the Features available with Flexi 100 and how they may benefit you, book an appointment with a Mobile Lending Strategist, by phoning the Finance Centre on (02) 4633 8700 or email us and we will contact you.

Alternatively, you can submit your details for pre-application assessment by completing our 10 min Online Pre-Application,

Flexi 100 delivers total user flexibility to borrowers requiring a 100% home loan.

* Loans are subject to application and approval. Terms, conditions and eligibility criteria apply. Fees and charges may be payable.
* The information provided above does not take into account your personal circumstances and is provided as a guide only. You should consider the appropriateness of the information having regard to your objectives, financial situation and needs. You should obtain independent advice at all times.
* Flexi 100 is a range of loan products. All loan products are not necessarily available for all loan usages and all features & benefits are not necessarily available with all loan products.