Investment jargon explained
Looking at investing? Here's a list of jargon you might come across in the process.
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Heritage Finance Holdings Corporation is currently reviewing its position in relation to the RBA’s decision on 6 September to increase the Official Cash Rate. We'll make an announcement here as soon as we finalise our decision.
SMSF Fully Drawn Loan
Use your retirement savings as equity to purchase an investment property through your Self-managed Super Fund with a Company Trustee.
Features
Purchase residential or commercial property on commercial terms with our Self Managed Super Fund (SMSF) Fully Drawn Loan. Features include:
- People first service from your own Business Banking Lending Specialist
- Variable or fixed interest rate options
- Preferred minimum loan amount $250,000
- Loan terms up to 25 years with residential security and up to 15 years with commercial security
- Principal and interest repayments on all security types
- Repayments are monthly in arrears
Rates
Residential Security
|
||
|---|---|---|
| Interest Rate | ||
| Variable | ||
| 1 Year Fixed | ||
| 2 Years Fixed | ||
| 3 Years Fixed | ||
| 4 Years Fixed | ||
| 5 Years Fixed | ||
Owner - Occupied
Investment
Interest Rate
6.74%
Interest Rate
7.04%
Interest Rate
7.44%
Interest Rate
7.65%
Interest Rate
7.75%
Interest Rate
8.14%
Rates Effective From 17/08/2022
Non-residential Security
|
||
|---|---|---|
| Interest Rate | ||
| Variable | ||
| 1 Year Fixed | ||
| 2 Years Fixed | ||
| 3 Years Fixed | ||
| 4 Years Fixed | ||
| 5 Years Fixed | ||
Owner - Occupied
Investment
Interest Rate
6.99%
Interest Rate
7.88%
Interest Rate
8.24%
Interest Rate
8.39%
Interest Rate
8.54%
Interest Rate
8.69%
Rates Effective From 17/08/2022
|
||
|---|---|---|
| Interest Rate | ||
| Indicator Rate Residential Fully Drawn Loan | ||
| Indicator Rate Non-Residential Fully Drawn Loan | ||
Owner - Occupied
Investment
Interest Rate
5.34%
Interest Rate
6.29%
Rates Effective From 17/08/2022
ⓘ The interest rate on this loan is calculated by reference to an Indicator Rate. The interest rate on your loan may be higher or lower than the Indicator Rate. See below for important information.†
Eligibility
- SMSF Trustee must be a Company and separate from the Property Trustee
- Property Trustee must be a Company and separate from the SMSF Trustee
- Maximum loan to valuation (LVR) ratio is 80% for residential property and 70% for commercial property.
Fees
| Monthly Fee | $20 |
| Application, legal and associated fees | Available upon application |
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Using equity to purchase an investment property
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