HeadStart Home Loan
Enjoy a discounted introductory interest rate for the first twelve months of your loan, then a competitive variable rate afterwards. The perfect loan if you need a head start in the early stages of settling into your new home.
|Maximum Amount||95% of the value of the property|
|Minimum Loan Term||2 years|
|Mortgage insurance||Required if amount borrowed is more than 80% of the value of the property|
- Discounted interest rate for twelve months
- Variable interest rate
- Weekly, fortnightly or monthly repayments
- Redraw facility
- Ability to make extra repayments
- Automatic repayments
- Repayment 'holidays' available
- Loan portability available
Is this loan right for you?
The HeadStart Home Loan helps you get off to an easy start, with low repayments for the first twelve months of the loan, to help you cope with the other up front costs of buying a property. After the Head Start period (twelve months), the loan switches to a competitive variable rate.
This product is available for owner occupier purposes and if you have approached the Bank directly; not through a referrer (paid or otherwise).
Warning: Different amounts and terms will result in different Comparison Rates (download schedule). Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the Comparison Rate but may influence the cost of the loan.
To learn more about our Home Loans or for information on how to apply, please contact one of our Retail Relationship Managers, who are more than happy to visit you when you are free, whether at home or work.
All applications for loans are subject to Arab Bank Australia Limited's normal credit approval criteria. Lenders' Mortgage Insurance is required on loans above 80% of the property's value that is offered as security. Terms and Conditions apply. Fees and charges apply. To the extent that any material on this page could be construed as general advice, it has been prepared without taking account of your objectives, financial situation or needs. Because of this, before acting on any advice, you should consider its appropriateness, having regard to your objectives, financial situation and needs.