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X loan
More features than you can jump over!
Want a home loan that's eXtra fleXible? When it comes to loans, nothing packs in as many features or as much flexibility as FirstMac’s X loan. In fact, X loan has your sophisticated home buyer or investor completely covered.
The X loan is so flexible that it allows you to pay your home off faster and save in interest by depositing all of your income from a range of sources, including your rental income, into your home loan account. Your regular bills and living expenses are covered by a Visa debit card attached to your loan, which attracts the same interest rates as the loan. Even cash advances attract the same interest rate.
A wide choice of features:
- 100% redraw offset or line of credit
- FullDoc including construction
- Visa debit card
- FullDoc available up to 90% loan to value ratio (LVR) inclusive of the lenders mortgage insurance (term, LOC and construction loans)
Full online account access:
- Available with 100% redraw offset or Line of Credit (LOC) option
- Unlimited phone and internet account access
- Unlimited EFTPOS and BPAY payments
- Salary credit and unlimited cheque transactions if cheque book wanted
- 5 free ATM transactions at any ATM
- No need to hold a bank account with another institution
Key benefits:
- Total flexibility - ideal for sophisticated borrowers who seek full loan functionality with online access
- Shave years off the loan and save on interest by depositing all income into the loan account
- Allows you to borrow up to 90% of the property value (inclusive of capitalised lenders mortgage insurance)
An X loan is ideal for:
- Experienced buyers and people looking to sell and upgrade to a new home
- People who wish to construct a new home or renovate
- The self employed - you can borrow up to 90% of the property value if you have proof of being self employed for a minimum of 2 years plus full financials
How X loan beats the competition:
- 100% offset feature with this product category
- No construction loading - you can borrow up to 90% at a competitive variable rate
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| Flexible, innovative loans |
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| Our loans have many features, with full online account access. |
| Loan choice |
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| Every need covered - choose FullDoc, construction, offset, Line of Credit, term loan and more... |
| Replace expensive credit |
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| Our ZIP loan replaces expensive credit cards and personal loans. |
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Copyright of FirstMac Limited
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