To apply for an Investment Loan with Horizon Bank, you don’t need to be an existing member. However, if you apply for a loan and the application is approved you will then in turn become a member.

As a customer-owned bank, our members are our shareholders and profits are returned to them in the form of competitive rates, fairer fees & personalised service.

Learn more about opening an account or apply online today.

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The amount you can borrow for an investment loan is dependent on several factors such as (but not limited to):

  • Your income
  • Your expenses
  • Your existing debts if any (such as car loans, personal loans, other mortgages, credit cards etc.)
  • How many dependants you have, if any
  • If you are applying for the investment loan with another applicant

Would you like to calculate how much you may be able to borrow? Use our Borrowing Power Calculator to find out.

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 calculators should be used as an indication only. Results do not represent either quotes or pre-qualifications for a loan.


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.

At Horizon Bank you can choose from a weekly, fortnightly or monthly repayment frequency dependent on what suits you best. You are also able to make extra repayments on the loan without penalty for most investment loans.

Your payments can be set up to be by payroll deduction, direct debit from your savings or transaction account, or by online or phone bank transfer. We can assist in getting these set up for you.

Looking for more information on repayments? Speak to a Horizon Bank lending specialist and let us help you on your journey.

Statements will be produced monthly or six monthly and duplicate statements can be requested at any time from our office.

You can also access your account information through our Online Banking Service, which is a free banking services that allow you to manage your money 24 hours a day, 7 days a week from a desktop, mobile or tablet device. You are able to:

  • View your online statements
  • Register for SMS alerts and queries.
  • Transfer funds to a Horizon Bank account or another financial institution
  • Create a PayID and make instant payments using Osko by BPAY
  • Pay bills via BPAY

We also have our Horizon Bank App which helps you stay on top of your finances anywhere, anytime. Register for online banking, then download the Horizon Bank app.

Learn more about banking with us.

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.

The best way to obtain peace of mind that your repayment obligations will be met is to take out insurance.

You may also consider seeking independent financial advice through a financial counsellor, who can help provide information, advocacy and support to those in financial difficulty.

If you are a Horizon Bank customer and experiencing financial difficulties, we can help you.

There are many reasons people ask for help, including illness, loss of job, relationship breakdown, loss of a family member, natural disasters and more. If you are struggling to make repayments on your loan, we are here for you, with no judgement and we will treat your request with respect and confidentiality.

When you apply for hardship assistance, we may be able to help find ways to the ease the pressure.

As is required when purchasing an owner occupied house, there is insurance needed to be taken out on the property. This can be home & contents insurance or Landlords Insurance. When you aren’t living in a property it’s hard to protect it, so getting investment property insurance has been designed to do it for you. With Landlords Insurance you can have peace of mind knowing that the insurance helps to cover the costs if a tenant causes damage, steals from you or defaults on rent payments (optional cover).

We are pleased to offer our members a range of insurance policies through CGU Insurance.
Get in touch today to get a quick quote on Landlords Insurance.

A free redraw facility is a feature that’s available for all our investment variable and fixed home loans, as well as our owner occupied variable and fixed home loans, with no minimum redraw amount.

At Horizon, we give you the option of making extra repayments on your loan and then having the flexibility of being able to redraw on these extra repayments. Terms and conditions are available on application.

Lenders Mortgage Insurance (LMI) covers Horizon against a loss in the unlikely event that we must exercise our right to sell the property due to ongoing default of loan repayments. Lenders Mortgage Insurance is applicable where a lender has a requirement for a minimum deposit (for example, 20% deposit) and this cannot be met by the borrower. 

It is important to note that Lenders Mortgage Insurance only covers the lender, and is not to be confused with insurance that is designed to cover your lending obligations in the case of sickness, accident, or involuntary unemployment.

Speak to a Horizon Bank lending specialist to find out more information.

Why choose us?

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

It's all about you

Our members are our reason for being, everything we do, we do for them.

A trusted partner

We will earn our members' trust everyday by acting honestly, ethically and in their best interests.

People for people

In a world of technological innovation, we understand the value of people.

Committed custodian

We will embrace our responsibilities by developing our staff, supporting our communities and respecting the environment.