HomeNorth Fee Assistance Loan
The HomeNorth Xtra Fee Assistance loan is designed to help Territorians buy or build a home in the Northern Territory by providing them with an interest free loan.
What can I use the Fee Assistance Loan for?
A HomeNorth Xtra Fee Assistance loan is available to help with the purchasing costs, including some loan fees, conveyancing fees and stamp duty. The loan may also be used to help with the deposit. Up to $1,500 of the loan can be used to purchase whitegoods for your new home.
How much can I borrow?
The maximum loan amount is $10,000 and can be repaid over a period of up to fifteen (15) years.
This will keep the repayments at an affordable level, especially since we will not charge interest on the loan.
For example, $13 per week will repay a $10,000 loan over fifteen years.
Am I eligible?
For information on eligibility, download the information brochure or contact TIO on 1300 301 833.
How do I apply?
Before you look for a property, you should contact TIO on 1300 301 833 for information and to make an appointment to lodge an application. Download a copy of the application form.
A waiting period may apply before you receive written notification of your loan approval. A full credit assessment will be conducted for all loan applications lodged. Approval is at the discretion of TIO and Territory Housing.
Interest rate and Comparison Interest rate Schedule
This schedule shows the annual percentage rate for the various income ranges, along with 'true cost' of the loan, being the comparison rates.
The comparison rates take into account fees and charges connected with the loan, excluding government fees and charges i.e. mortgage registration costs.
TIO administers the HomeNorth Xtra scheme on behalf of the Northern Territory Government.