Residential Loan Types

Principle & Interest, or Interest-Only Loan Repayments

You can choose from the following types of residential loan repayments:

• Interest Only
  
• Principle and Interest
  
• A split of both

Full Documentation, Low Doc or No Doc Loans

This range of residential loans includes:

• Full documentation, with all your financial information supplied
  
• Low documentation, with just your income declaration
  
• No Doc, without any form of income confirmation.

Loan to Value Ratios up to 103%

We can cater for lending percentages up to 103% of Loan to Value Ratios (LVRs), or the more standard 80%. This applies regardless of the amount of savings you contribute to your property purchase.

Short-term Residential Loans

If you need short-term home financing, our lenders can offer you assistance.

Low Interest Rate Start Loans

You can start with a rate as low as 3.95%pa, with a capitalized balance.

The Maclean Finance special Cash Flow Plus Loan is designed to give you positive cash flow from day 1 of your investment.

Residential Loan Products

1. Line of Credit

A Line of Credit is one of the most flexible borrowing facilities available. However, if you don't have much experience handling borrowed money, you could have an escalating debt that never gets paid off.

There may be better alternatives for you home financing, so make sure you're clear about why you want this facility.

2. Offset

If you require a straight residential loan, an Offset account can be invaluable. An Offset account will efficiently manage your cash flow and reduce the amount of interest you'll pay.

Interest is calculated on the net balance between the loan and funds in your Offset account. The result is substantial savings for you, as well as ready access to your surplus funds.

3. Fixed Term or Variable

Fixed Term interest rates give you the option of "fixing" your interest costs over a defined period of time.

However, a Variable interest rate offers more flexibility for making additional loan repayments, or changing the structure of your loan if required.