Investment Loan – Interest Only Home Loans

Successful Money Management – servicing the Geelong finance market for 10 successful years.

Interest only home loans only require the interest to be paid each month (usually on the last business day of the month). This particular investment loan is very popular when investing in property. After an initial interest only period (usually 5 years), the loan converts to a normal principal and interest loan for the remaining term. Extra repayments and redraw are usually not a feature of this type of loan. Variable rate interest only loans must be secured by residential property.