GET INTO
YOUR OWN HOME
SOONER

Get yourself into a position to choose the right home loan for your situation.

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The
MINI D Loan
gives you more choices sooner.

One of the biggest roadblocks many people face in purchasing their own home is that traditional banks require the Borrower to provide a 20% deposit plus purchase costs. The 20% deposit plus purchase costs is raised either through personal savings, Parental Guarantee or Family Pledge. If the 20% plus purchase costs cannot be achieved, the traditional alternative is to pay the high premiums for Lenders Mortgage Insurance (LMI).

Our MINI D Loan option can assist you to raise your 20% home loan deposit sooner which will result in you saving many thousands of dollars over the long term, and also will give you better negotiating power with your traditional lenders.

Having a 20% deposit will save you paying LMI and will provide you with greater flexibility when it comes to refinancing or transferring your home loan in the future.

Tell me about the benefits.

Quite frankly there’s a lot of benefits, but let’s concentrate on the big struggles most borrowers face:

  • You’ll eliminate the need for Lenders Mortgage Isurance putting more money in your pocket.
  • Access more choices of primary bank lenders which usually means a better deal on your home loan.
  • Strengthen your ability to negotiate giving you better loan terms & interest rates.
  • You’ll be more flexible if you want to move your home loan to another bank at a later point.
  •  The ultimate reward is that you’ll get into your own home sooner.
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Tell me about the benefits.

Quite frankly there are a lot of benefits for having a MINI D Loan. Some of the major benefits Borrowers enjoy include:

  • The elimination for the need for Lenders Mortgage Insurance which will leave more money in your pocket.
  • Provides access to more choices of primary bank lenders which assists you to achieve a better deal on your home loan.
  • Strengthens your ability to negotiate giving you better loan terms and interest rates.
  • Provides you with more flexibility if you want to transfer your home loan to another bank in the future.
  • This ultimately rewards you to move into your own home sooner.
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How does it work?

The MINI D Loan option will allow you to borrow the shortfall amount between your current savings and the 20% deposit amount needed to borrow for your new home.

After being accepted for a MINI D Loan you will be presented with a selection of loans offers outlining the various loan amounts, loan terms and interest rates.

From this selection you are able to choose one or more of the loan offers to suit your individual requirements.

Once you’ve selected the loan options that work for you, we will then complete your home loan applications whilst you start packing and getting ready to move into your new home.

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Ready to get started?

Mini D Loans are best suited to Borrowers who have:

  • a strong desire to buy your own home.
  • a household income over $80,000 p.a.
  • stable employment.
  • a clear credit history.
  • a small deposit and/or qualify as a First Home Owner.
Are you and/or your partner a young professional in:
  • Teaching or Education?
  • Nursing or Health Care?
  • Police or Emergency Services?
  • Accounting, Law, IT or Engineering?
  • Or another suitably qualified profession?
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Let's look at a practical example of a MINI D Loan

We’ll come back to you with a variety of offers and all you’ll need to do is select the offer/s that suit your needs.

Simply check the loans you would like to accept and your repayments will be calculated automatically.

Repayment Type
Offers Amount Rate (%) Term (Yrs) P&I I/O Cap Accept?
Repayment Type
Loan Offers Loan Amount Interest Rate Loan Term P&I I/O Cap Borrower Accepts
Lender 1 $20000 6 % 5 Yrs Loan 1
Lender 2 $5000 8 % 4 Yrs Loan 2
Lender 3 $8000 9 % 5 Yrs Loan 3
Lender 4 $15000 12 % 4 Yrs Loan 4
Lender 5 $6000 6 % 5 Yrs Loan 5
Lender 6 $12000 8 % 5 Yrs Loan 6
Lender 7 $15000 9 % 5 Yrs Loan 7
Lender 8 0 0 0 Loan 8
Lender 9 0 0 0 Loan 9
Lender 10 0 0 0 Loan 10
Totals
Mini D Loan Summary Interest Only Repayments Principle and Interest Repayments
Total Loan Amount
Annual Interest Rate % %
Term of Loan years years
Monthly Loan Repayment
Plus
Monthly Account Fee $15.00 $15.00
Monthly MDG Fee
Total Monthly Repayments
Life of Loan Summary
Total Interest Repaid
Total Account Fees Paid
Total MDG Fees Paid
Total Repaid Overall
Annual interest rate comparison based on repayments and monthly account fee is %
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