Access Equity Home Loan
CashbackEnjoy a bonus of either $1,500 or $2,000 when you refinance your eligible home loan with us at The Capricornian
- Last updated on 12 Jul 2020
based on $300,000 loan amount for 25 years
- No ongoing fees
- Parents can sign as guarantor
- Repayments may decrease if RBA cuts rates
- No extra repayments
- No redraw and no offset
- Discharge fee at end of loan
- Repayments may increase if RBA raises rates
Interest rate structure
$5k - $100m
Principal & interest
Loan term range
1 - 7 years
Allows split interest
Investors, Line of Credit, Owner Occupiers
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Total estimated upfront fees
Other upfront fee
Minimum SMSF Amount
- Cashback Enjoy a bonus of either $1,500 or $2,000 when you refinance your eligible home loan with us at The Capricornian
Loan period is up to 7 years
Compare and review home loans with similar features
The Capricornian is a credit union based in Central Queensland offering a full range of financial products and services. To bank with The Capricornian, you need to be a member, however unlike banks, the profits of credit unions are reinvested into the business and members, who also get a say in how the credit union is run. The credit union meets the same regulatory standards as banks and is a prudent and strong financial service provider.
Capricornian Home Loan Calculator
Interested in an Capricornian home loan? RateCity has a suite of calculators that can show you what your repayments would be and how Capricornian compares to its competitors. Simply plug in your borrowing amount below.
Specialist lenders, also known as non-conforming lenders, are lenders that offer mortgages to ‘non-vanilla’ borrowers who struggle to get finance at mainstream banks.
That includes people with bad credit, as well as borrowers who are self-employed, in casual employment or are new to Australia.
Specialist lenders take a much more flexible approach to assessing mortgage applications than mainstream banks.
We use your current mortgage details to calculate the potential savings if you were to change lenders, and also to help us point you to loans that may meet your needs.
For example – if you live in the house you own, we’ll make sure we show you the owner-occupier rates, which are typically cheaper than investor rates. Or if you have less than 20% equity in your property, then we won’t show you the deals that require a greater amount of equity.
Australia no longer has no-deposit home loans – or 100 per cent home loans as they’re also known – because they’re regarded as too risky.
However, some lenders allow some borrowers to take out mortgages with a 5 per cent deposit.
Another option is to source a deposit from elsewhere – either by using a parental guarantee or by drawing out equity from another property.