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Reno Loan

Looking for an easy, hassle free and cost effective way to finance improvements to your home? The Reno Loan can provide you with up to $50,000 for all those smaller home improvements projects, without the need to extend your home loan.

Features

A Reno Loan can be used for any of the following purposes:

Excluded items that cannot be purchased using the Reno Loan include:

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FeeAmount
Establishment fee
$120
Loan maintenance fee
$10
Document fees apply

Note: The loan is only available to personal Members for the renovation of owner-occupied or residential investment homes. All loan proceeds will be disbursed on provision of an invoice/s which states the exact renovations being carried out and will be paid to the business or company carrying out the works stated on the invoice.

**Comparison Rate calculated on an unsecured loan of $30,000 over a 5 year term based on monthly repayments.

*WARNING: These Comparison Rates apply only to the example or examples given. Different amounts and terms will result in different Comparison Rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the Comparison Rate but may influence the cost of the loan.

Please be aware that variable interest rates may change at any time without agreement. All interest rates quoted are per annum. Fees and charges are payable. Normal lending criteria, terms and conditions apply and are available on request. Before acquiring this product, the information above should be read in conjunction with the following documents to determine if this product is right for you: Personal LoansFees and ChargesCredit Guide and Loan Interest Rate Schedule.

Interest Rate

Rates starting from:

Rate

Comparison

6.79% p.a. 7.31% p.a.

 

Interest rates effective 1 August 2018, subject to change.

What would my repayments be?

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