Get a home loan with a social conscience
act. offers a unique approach that allows customers to support a range of worthy causes while conducting their everyday banking. Launched in November 2014, act. offers a range of financial products that are backed by Bendigo Bank.
Who is act. and what does act. do?
Each time they perform banking tasks, act. customers earn a share of the bank's profit which you can then use to support worthwhile causes through their crowdfunding platform letsact.com.au.
With products issued and backed by Bendigo Bank, act. offers credit cards, a transaction account, a savings account, secured and unsecured personal loans and a range of mortgage solutions. Its range of home loans includes a variable rate loan, a fixed rate loan and an interest-only option. Each of these loans offers a wide selection of flexible features to help you pay off your mortgage as soon as possible.
Compare act. home loans
Aussie Home Loans is both a lender and a mortgage broker, and offers a range of services.
- FREE consultation and ongoing advice. Easy to understand no obligation advice.
- Getting your competitive rates across 2900+ loans.
- Help with your loan application and eligibility criteria.
- Over 1000 brokers who are able to help you in your local area.
The Adviser’s number 1 placed mortgage broker 4 years running (2013-2016)
Home loans offered by act.
Variable Home Loan
This loan features a competitive variable interest rate, with lower rates available if you borrow larger amounts. Available for a term of up to 30 years, this loan allows you to choose between weekly, fortnightly and monthly repayments.
Unlimited additional repayments are allowed without incurring a fee, while you can access those additional repayments through an online redraw facility. A maximum loan-to-value ratio (LVR) of 95% applies, although you’ll need lenders’ mortgage insurance (LMI) if you borrow more than 80% LVR. Other features include a linked offset account, a transaction fee rebate on eligible transaction accounts, as well as home and contents insurance discounts.
Fixed Home Loan
This act. home loan allows you to lock in your interest rate for a period of one, two, three, four or five years. The security of a fixed rate is combined with your choice of weekly, fortnightly or monthly repayments, while you’re also able to pay up to an extra 20% of the loan balance above the minimum repayment amount across the term of the loan. Other features include free online redraw, a partial offset account, a transaction fee rebate on eligible accounts and the ability to borrow up to 95% LVR.
Interest Only Home Loan
Designed for those who want to purchase an investment property or land, this loan allows you to make interest-only repayments for periods of up to 10 years. This means you can minimise your repayments and you can also save further on interest with a linked offset account. A maximum LVR of 90% applies to the act. Interest Only Home Loan.
Pros and cons of act. home loans
- Responsible banking. Borrowing with act. allows you to earn ‘Impact Dollars’ every month which can be used to support a range of worthy social projects.
- Flexible repayments. From interest-only repayments, the ability to make additional repayments without penalty and the flexibility to select a payment plan that suits you, act. loans can be tailored to suit your budget.
- Offset account. Each act. home loan comes with a linked offset account to help you save money on interest repayments.
- Fees. Application fees, settlement fees and discharge fees apply.
How to apply for act. home loans
If an act. home loans sounds right for you, click one of the secure links on this page to apply for the product of your choice or find out more information.
You can apply for act. home loans online or over the phone if:
- You’re over 18 years of age and an Australian citizen or permanent resident
- You are in paid employment
- There are no more than two applicants on your application
- You are listed on the loan as a borrower
- You have a clear credit history
- You are not applying for business purposes
act. will be in touch as soon as possible after receiving your application to discuss the next steps.
Documents needed to apply for a home loan
You’ll also need to provide some personal, property and financial information in order to be approved for a home loan from act.
act. will need you to supply:
- Your name
- Your address
- Your contact details
- Your Medicare details
- Your driver’s licence details
act. will require details about your financial circumstances in order to determine your ability to repay the money you borrow. Including:
- Income. This may include recent payslips, tax assessment notices or letters from your employer.
- Assets. You’ll need to provide a full picture of your financial situation, including assets such as shares.
- Liabilities. Any outstanding debts in your name will also need to be disclosed.
act. will also require details and documents concerning the property you are buying. These include:
- The contract of sale. This contains a range of details concerning the sale of the property, including the price paid.
- The certificate of title and transfer of land. These documents are used to verify that the person selling the property actually has the right to sell it and confirm the transfer of ownership to you.