Home Loans

Planning Your Loan

Before you start looking at homes you should look at your needs and finances. Many people don't appreciate the size of the financial commitment involved in buying a house.

One of the first things to consider is how much you can save as a deposit. Saving the deposit required for a home loan is one of the largest obstacles first home buyers face. Depending on the type of loan you arrange you may need a deposit of anywhere between 5% to 10% of the price of the home.

In addition to your deposit, plan for an additional 5% on top of the purchase price to cover government stamp duty and fees. You can use our Stamp Duty Calculator for a more accurate estimate.

A budget can help you better understand your finances and how much you can afford to save. You should also look at our Loan Calculators to do some initial research on what you can afford to borrow. Once you sort these things out, you can start to think about your home loan.

Easypay Home Loan 

Pay on your own terms

Easypay is a hassle free way to pay off your loan. Our Easypay Home Loan offers the benefit of:

• Terms up to 40 years#
• Low variable interest rate.
• Option of a 100% offset account.~
• Interest option available.^

Our Home Loans

Use the following table as a guide to the loan that best fits your needs. If you need any more help call 13 25 77 to speak with a Member Services Consultant about how we can tailor a loan to meet your needs. You can also make an online enquiry.

#The 40 year term applies to owner occupier only; for principle & interest loans with a minimum loan term of 5 years. ^ Interest-only option applies for owner-occupier and investment purposes (no principle repayments) and is available for loan terms 3 to 5 years. ~100% offset applies to owner occupier loans only and needs to be linked to an Easypay Mortgage Breaker Account (terms, conditions, fees, and charges apply). A fee will occur if 75% or more of the loan is paid out within 3 years of settlement date.*Interest rate is variable, current as at 20 September 2008, and is subject to change. The comparison rate is based on a loan of $150,000 for a term of 25 years. Costs and charges, such as early repayment fees, are not included in the comparison rate and may influence the cost of the loan. The comparison rate applies only to the example given. Different amounts, terms and fees will result in different comparison rates. The Comparison Rate Schedule is available from our interest rate page. Nurses First is a division of Police & Nurses Credit Society Ltd ABN 69 087 651 876 AFSL 240701

+ Nil monthly fee if linked to offset account

First Home Owners Grant

Sales of existing and new homes have risen dramatically in recent years, in part due to the Government's First Home Owners Grant. Since its introduction, the First Home Owners Grant has helped nearly 250,000 Australians purchase their own home, many of whom wouldn't have been able to do so without this assistance. You can find out more at the First Home Owners Grant website.

There are also other assistance schemes available for Australians purchasing a home. Buying a home is a huge investment, and many people find it difficult getting over the initial hurdle. For more information call a Member Services Consultant on 13 25 77. You can also make an online enquiry.

* All home loans are subject to application approval. Standard lending criteria, terms and conditions and fees and charges apply.

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