The product

A property loan,
in plain terms.

Propential is a fixed-term, principal & interest loan secured against the property you own, not a revolving line of credit. Here's exactly how it works, with nothing buried.

Loan amount$5,000 – $175,000
Interest rate17.95% p.a.One clear rate.
Term1–7 years up to $50,000Up to 10 years for $50,001–$175,000.
RepaymentsPrincipal & interest, fortnightly or monthly
Early repaymentNo penalty
SecurityAgainst your propertyA caveat in most states; a second mortgage in QLD & NT.

Comparison rate 21.3% p.a., based on a $30,000 loan over 5 years.

WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

What you can use it for

Any project on the place you own that improves it or adds value: interiors, pools, fencing, landscaping, roofing and more.

InteriorsPoolsFencing LandscapingRoofingOther property projects

Fees

Two fees, both shown up front. A one-off establishment fee and a monthly account-keeping fee, scaling with the size of your loan. The repayment shown in the calculator is principal & interest only; these fees are listed separately.

Loan size Establishment fee (one-off) Account-keeping (monthly)
$5,000 to $25,000$975$19.50
$25,001 to $50,000$1,130$24.50
$50,001 to $75,000$1,285$29.50
$75,001 to $100,000$1,440$34.50
$100,001 to $125,000$1,595$39.50
$125,001 to $150,000$1,750$44.50
$150,001 to $175,000$1,905$49.50

Secured against your property

Because the loan is secured by your property, we can offer one clear rate and longer terms. The security is registered as a caveat in most states and territories, or a second mortgage in Queensland and the Northern Territory. You keep living in, and owning, your home.

What "secured" means here

A Propential loan is not a redraw or line of credit. You borrow a set amount, repay it with principal & interest over a fixed term, and the loan is secured against your property until it's repaid.

Check eligibility Calculate repayments

Figures and fees on this page are indicative and subject to change. Any repayment estimate is not a quote, approval or credit offer. All applications are subject to credit assessment and our lending criteria. See our Credit Guide and Target Market Determination.