No Deposit Construction Loan
Loan Maximiser 100% is a no deposit home loan specifically designed for first home buyers or borrowers wanting to purchase or build a new home. Red Rocks no deposit home loan requires NO genuine savings which means you can own your own home quickly without the need for a genuine deposit.
Red Rock's no deposit home loan Loan Maximiser 100 is the ideal no deposit home finance product to fast track your home ownership plans!
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PRODUCT SPECIFICATIONS |
|
| Rate | Variable |
| Repayment Type | Principle & Interest or Interest Only for Construction |
| Loan Term | 15 - 30 years |
| Max Loan Amount | $50,000 - $500,000 |
| Purpose | Purchase Owner Occupied Only |
| Repayment Frequency | Weekly, Fortnightly, Monthly |
| Repayment Options | Salary Crediting, Cheque, EFT, Direct Debit |
| Acceptable Security | Residential Only |
| Acceptable Location | Metropolitan Area, subject to post code listing |
| Max LVR | 100% - $500,000 (purchase only) |
PRODUCT FEATURES |
|
| Redraw Facility (*Min $2000 *after construction) |
Yes |
| Construction(+0.25%) | Yes |
| Progess Payments | $150 |
| Salary Crediting | Yes |
| Additional Repayment | Yes |
| Monthly Fee | $6 |
| Est. Fee($400 Construction) | $350 |
| EFT Direct Debit | Yes |
