Residential Investment Home Equity Loan
- Extra repayments + redraw services
- Free redraw facility
- Repayments may decrease if RBA cuts rates
- Repayments may increase if RBA raises rates
Interest rate structure
$30k - $5m
Principal & interest
Loan term range
1 - 30 years
Unlimited extra repayments
Redraw fee: $0
Allows split interest
Investors, Line of Credit
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Estimated upfront fees
Minimum SMSF Amount
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Delphi Bank offers a range of everyday banking products, insurance products and home loans to its small customer base. With branches in New South Wales, Queensland, Victoria and South Australia, Delphi Bank has over a dozen stores in Australia.
Delphi Bank is the first bank of Greek origin to offer a full range of banking services in Australia.
Delphi Bank Home Loan Calculator
Interested in a Delphi Bank home loan? RateCity has a suite of calculators that can show you what your repayments would be and how Delphi Bank compares to its competitors. Simply plug in your borrowing amount below.
Equity refers to the difference between what your property is worth and how much you owe on it. Essentially, it is the amount you have repaid on your home loan to date, although if your property has gone up in value it can sometimes be a lot more.
You can use the equity in your home loan to finance renovations on your existing property or as a deposit on an investment property. It can also be accessed for other investment opportunities or smaller purchases, such as a car or holiday, using a redraw facility.
Once you are over 65 you can even use the equity in your home loan as a source of income by taking out a reverse mortgage. This will let you access the equity in your loan in the form of regular payments which will be paid back to the bank following your death by selling your property. But like all financial products, it’s best to seek professional advice before you sign on the dotted line.