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Simply Better Family Plus Rate | Financial Hub

Helps you get your children started in these economic time where getting the deposit creates a barrier to entry into their first home.┬áThis is the perfect loan if you’re a parent wanting to help your children buy their first home.

Simply Better
Family+ Rate
Comparison Rate



Rates correct as at 24 May 2016

Annual Fees No annual fees.
Break Costs No break costs if you pay out our variable loan early.
Repayment Frequency Weekly, fornightly or monthly.
Interest only Pay the interest and no principal on the loan for a specified timeframe.
Extra Repayments Unlimited on variable rate product
Loan Splitting Up to 4 splits with a minimum of $20,000 per split.
Loan Portability If you buy another property, you can keep the same loan and secure it against your new home.
Redraw Easily available.
Maximum loan size to property value (LVR) You can borrow up to 90% of the property’s value plus capitalisation of Lenders Mortgage Insurance (LMI). Up to 80% of the property’s value does not require LMI.

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