Essentials Home Loan
With a variety of features and competitive rates, you will enjoy the flexibility of the Essentials Home Loan. The Essentials Home Loan is a stand alone home loan product and you only pay for the additional features you choose to use.
Standard Variable Home Loan
The Standard Variable Home Loan is designed to give you full flexibility and offers features that will help you manage your loan as your circumstances change. The interest rate on this loan can change throughout the term and will move with changes in the financial markets.
Fixed Rate Home Loan
Enjoy the certainty and security of knowing exactly how much your repayment will be with a fixed rate loan. The interest rate is locked in and will not change for a set period of time, which gives you the ability to budget and plan your finances. A range of terms are available from 1 to 5 years.
Other Features of the Essentials Home Loan...
Loan terms up to 30 years are offered. You can spread your loan over 30 years which can help you minimise your regular repayments or take a shorter term and pay your loan off sooner.
You can make your repayments weekly, fortnightly or monthly which allows you to choose a repayment frequency which suits you best.
Any additional repayments you make can be withdrawn at any time by redrawing the funds using Online Banking giving you access to the extra money when you need it. A fee applies if you request a staff assisted redraw of funds.
Redraw facility is offered on Standard Variable Home Loans only.
Additional repayments can be made any time to reduce the term of your loan and save you thousands in interest payments. A fee applies to Fixed Rate Loans.
When you apply for a fixed rate loan, you should be aware that the interest rate may change during the time between your loan application and when we fund the loan.
If you want to be certain that your rate will be the same as when you first applied, you should consider our Rate Lock Facility. Rate Lock guarantees your fixed rate for a period of up to 90 days. Rate Lock is only available on Fixed Rate Home Loans for 1-5 year terms, a fee applies for each Rate Lock.
Protect Your Assets
We want to help you protect your asset and what better way than to insure with the Territory's largest insurer. You receive a 5% pa discount on your home, contents or landlord insurance for the life of your Essentials Home Loan.
Your property is one of the biggest purchases you may ever make, so have the peace of mind knowing you've purchased your home and protected it with our insurance options.
If you are a first home buyer you can take advantage of the First Home Buyer Option.
All applications for loans and credit cards are subject to TIO's normal credit approval process. Fees, charges, terms and conditions apply and are available on application. TIO recommends that you consider all these before deciding whether or not to acquire the product. Interest rates are subject to change. TIO is Government guaranteed and not regulated by APRA. TIO ABN 72 532 995 678.