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Whether you are a first-time buyer or a savvy investor, you might want to consider the features available with the Firstmac VIP products.
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Review by
Marc Terrano is a lead publisher and growth marketer at Finder. He has previously worked at Finder as a publisher for frequent flyer points and home loans, and as a writer, podcast host and content marketer. Marc has a Bachelor of Communications (Journalism) from the University of Technology Sydney. He’s passionate about creating honest and simple reviews and comparisons to help everyone get value for money.
This variable loan could be a good option for individuals or businesses that want to take advantage of market fluctuations to benefit from lower interest payments. The VIP Variable has a maximum repayment period of 30 years, or 10 if you select interest-only repayments. It has a minimum repayment period of 15 years, so you can apply for a term that is most convenient.
If you want to apply for a Firstmac home loan, it is important to know the documentations they need to process your application. Firstmac essentially requires the same type of information as other lenders in Australia. Some of the paperwork you need to present includes proof of identity, proof of income, information regarding your assets and liabilities, and details of the property you want to buy.
Consider comparing the Firstmac VIP if you want a home loan that will be beneficial over the long term.