Teachers' Life Home Loans
The Teachers’ Life Home Loan offers the flexibility a teacher needs and discounted interest rates. You can even customise your loan along the way to match your lifestyle changes.
- No establishment fees
- Up to 0.7% discount
- No monthly account keeping fees
Home Loan discounts apply for as long as you satisfy the Teachers’ Life criteria. The discounts also apply for combined property borrowings. For example, if you have an investment home loan of $150,000 and your place of residence home loan is $125,000, you would be eligible for the 0.6% discount because your borrowings exceed $249,999.
Other benefits include:
- No establishment fee.
- 0.4% discount off standard variable rate for loan borrowings between $125,000 - $249,999, and 0.6% discount off standard variable rate for loan borrowings between $250,000 - $499,999 and 0.7% discount off standard variable rate for loan borrowings over $500,000.
- No monthly account keeping fees.
- Borrow up to 80% LVR on selected home/investment loan products without attracting Lender’s Mortgage Insurance.
- Repayment pause can be applied for, allowing a 3 month break from full repayments or 6 months at half repayments, for reasons such as an extended holiday, or starting a family.
- Redraw and Offset available.
- Overdraft facility available.
A Product Disclosure Statement (PDS) is available for this product and you should read the PDS before making any decisions about the product. As this advice has been prepared without considering your objectives, financial situation or needs, you should, before acting on this advice, consider its appropriateness to your circumstances.