SPECIAL DISCOUNT RATE

5.14 % p.a. Interest rate 5.84 % p.a. Comparison rate

The rate above includes a honeymoon discount of 0.60%p.a. for 2 years
Owner occupier, variable, principal & interest, LVR 70% or less.
Special Discount Rate is available for new business only.
Click Interest Rates below for LVR >70% loans.

Our Home loans come with

Own your home sooner!

This is what you can expect from Horizon

  • A quick answer on your loan application
  • A reduced rate if your loan-to-value ratio (LVR) is 70% or less.
  • Flexible repayment options
  • Extra repayments allowed without penalty
  • 100% Mortgage Offset account is available to you*

Own your home sooner with our helpful home loan tips:

  • Don’t know your LVR? We’ll work it out for you.
  • Weekly repayments will help you own your home quicker
  • Extra repayments will help you own your home quicker. You can access extra repayments (redraw) anytime.
  • The money you have in this account reduces the amount of interest on your loan. Which means owning your home sooner.

The future is brighter with Horizon!

 

Features LVR <=70% LVR > 70%
Repayment Arrangement Principal & Interest Principal & Interest
Minimum amount $50,000 $50,000
Maximum amount 70% of property value. 80% of property value. 95% of property value with mortgage insurance
Loan period Up to 30 years Up to 30 years
Repayment frequency Weekly, fortnightly or monthly Weekly, fortnightly or monthly
Interest only available Yes - click here for more info  Yes - click here for more info
Additional repayments accepted Yes Yes
Redraw available Yes Yes
Redraw Fee $0 $0
Minimum redraw amount No minimum No minimum
Offset account available Yes Yes
Offset fee $150 p.a. $150 p.a.
Establishment fee $350 $350
Bridging Establishment fee N/A N/A
Monthly fee $0 $0
Annual fee $150 $150
Early break fee No No
Home Sweet Home Loan LVR Interest rate p.a. Comparison rate p.a. Standard Rate p.a.
Principal & Interest <=70% 5.14% p.a. 5.84% p.a. 5.74% p.a.  
Principal & Interest >70% 5.29% p.a. 5.99% p.a. 5.89% p.a.
Interest Only <=70% 5.94% p.a. 6.16% p.a. 5.94% p.a.
Interest Only >70% 6.09% p.a. 6.31% p.a. 6.09% p.a.

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Why choose us?

Our purpose is to provide personalised banking services to our members.
Our Values are ...

Useful Information

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Request a call back from a lending specialist

Ready to apply?

Complete your online application today

Get in touch

Phone, email, or in-branch. We are here to help!

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Frequently Asked Questions

Find the answer to your frequently asked questions here

How much you will be able to borrow will depend on a few things such as (but not limited to):

  • Your income
  • Your expenses
  • If you are taking out the loan by yourself or with someone else
  • If you have dependants
  • Any existing debts you may have (eg. Car loans, Personal loans, mortgage loans, HECS debt and credit cards to name a few)

If you’d like to calculate an estimate of your borrowing power, you can use our Borrowing Power Calculator. Keep in mind this is just an indication of how much you may be able to borrow. Our experienced lenders can assess your application with a view to providing pre-approval for a certain amount depending on your circumstances.

We‘re here to help, get in touch today by phone, in person or complete our loan enquiry form to arrange for someone to contact you.

Note: The results from the calculator should be used as an indication only. Results do not represent either quotes or pre-qualifications for a loan.

Deposit

The biggest initial cost is the deposit. This could range from 5% and above of the value of the property.

Stamp Duty

Stamp duty is a tax on written documents and on certain transactions including:

  •  Motor vehicle registrations and transfers
  •  Insurance policies
  •  Mortgages
  •  Transfers of property such as businesses, real estate and certain shares

Stamp duty is imposed by state and territory governments and the rate of stamp duty varies according to the type and value of the transaction involved.

Registration fees

Registration fees are payable on a property purchase and on a mortgage.

Whenever a property changes hands, the change of ownership must be recorded with the appropriate State Titles Office. A document known as a Transfer of Land must be lodged, the cost of which varies in each State/Territory. Please contact your solicitor/conveyancer who should perform this task on your behalf.

There is also a government charge to register your mortgage document. We will pay the applicable state authority on your behalf. You will be charged at cost.

Legal Fees

Legal expenses for the average home purchase include:

  •  Solicitors fees (between $500-$2000)
  •  Survey and building certificate ($450)
  •  Building inspection and pest report ($400-$500)

Searches and inspections

Contracts should never be exchanged until the necessary searches and inspections have been completed. Searches and inspections may include the following:

Title search
A Certificate of Title obtained from the Titles Office by your solicitor/conveyancer provides details of who owns the property and who else has an interest in it. This is a good way to research if there are any mortgages, caveats, restrictive covenants etc on the property which would affect the transfer of title.

Building inspection and pest report
The report completed by your building inspector will detail any building flaws, e.g. structural issues with the building or roof, damp etc. The pest report should detail any evidence of pest infestation. It will enable you to assess the cost of any required treatment.

Your loan must be secured by a registered mortgage over a residential property.  

Security is a way the lender ensures that the loan is repaid. Normally the security offered is the property the borrower is borrowing for. The security could be a house or apartment.

In the unlikely event a borrower is in severe financial difficulty and can’t pay their loan, the security (house or apartment) could be sold by the lender to recoup the amount that’s outstanding on the loan.

Speak to a Horizon Bank lending specialist and let us help you on your journey.

Building insurance is required to be taken out equal to the amount stated in the recommendation on the property valuation. If you’ve built your home, the cost of the build should be in your building contract.

After you’ve purchased a home, you’ll need to organise home and contents insurance. Home & Contents insurance protects you against a range of events such as fire, burglary, storm damage to name a few, as well as accidental damage or loss.

If your loan is for an investment property you will be required to take out building insurance only. If your investment property is part of a strata, the building should already be insured.

We are pleased to offer our members a range of insurance policies, home, contents and landlord insurance. Get in touch today to get a quick quote for home & contents insurance.

Other Home Loans

  • 1 Terms and conditions, fees & charges apply and are available on application. Approval conditions apply. The loan is secured and the rate is variable. Additional fees and charges will apply. The establishment fee is for one property, one mortgage preparation and one property valuation only. SPECIAL DISCOUNT RATE - The rate includes a 0.60%p.a. honeymoon discount for 2 years. Available for new business only.
  • 2 The comparison rate is calculated on a loan amount of $150,000 over a term of 25 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
  • 3 Terms and conditions, fees & charges apply and are available on application. Approval conditions apply. The loan is secured and the rate is variable. Additional fees and charges will apply. The establishment fee is for one property, one mortgage preparation and one property valuation only.