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Firstmac home loans

Firstmac has home loan rates starting from 6.09%.

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Firstmac is an Australian non-bank lender. Firstmac offers a range of home loans for Australian borrowers. Check out the full table of Firstmac products below or read more about the lender.

Compare Firstmac home loans for June 2024

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Name Interest Rate p.a. Comparison Rate p.a. Fees Monthly Payment
Firstmac logo
Principal & Interest20% min. depositOwner-occupierOffset account
Firstmac logo
Principal & Interest20% min. depositOwner-occupierOffset account
Product NameFirstmac Package Home Loan
Interest Rate Typevariable rate
Repayment Type Principal & Interest
Interest Rate p.a.6.38%
Comp. Rate p.a.6.41%
Minimum Loan Amount$50,000
Maximum Loan Amount $2,000,000
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableYes
Extra Repayments Yes
Interest Rate
6.38%
Comparison Rate
6.41%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$938
Firstmac logo
Principal & Interest10% min. depositOwner-occupier
Firstmac logo
Principal & Interest10% min. depositOwner-occupier
Product NameFirstmac Basic
Interest Rate Typevariable rate
Repayment Type Principal & Interest
Interest Rate p.a.7.14%
Comp. Rate p.a.7.16%
Minimum Loan Amount$0
Maximum Loan Amount $2,000,000
Maximum Loan Term30 years
Maximum LVR 90%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableNo
Extra Repayments Yes
Interest Rate
7.14%
Comparison Rate
7.16%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$1,013
Firstmac logo
Principal & Interest10% min. depositOwner-occupier
Firstmac logo
Principal & Interest10% min. depositOwner-occupier
Product NameFirstmac Solar Basic Home Loan
Interest Rate TypeVariable rate
Repayment Type Principal & Interest
Interest Rate p.a.6.09%
Comp. Rate p.a.6.83%
Minimum Loan Amount$50,000
Maximum Loan Amount $1,500,000
Maximum Loan Term30 years
Maximum LVR 90%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableYes
Extra Repayments Yes
Interest Rate
6.09%
Comparison Rate
6.83%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$909
Firstmac logo
Interest only10% min. depositOwner-occupierOffset account
Firstmac logo
Interest only10% min. depositOwner-occupierOffset account
Product NameFirstmac Solar Construction
Interest Rate TypeVariable rate
Repayment Type Interest Only
Interest Rate p.a.6.64%
Comp. Rate p.a.7.03%
Minimum Loan Amount$50,000
Maximum Loan Amount $1,200,000
Maximum Loan Term30 years
Maximum LVR 90%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableYes
Extra Repayments Yes
Interest Rate
6.64%
Comparison Rate
7.03%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$963
Firstmac logo
Principal & Interest 5Y Fixed20% min. deposit
Firstmac logo
Principal & Interest 5Y Fixed20% min. deposit
Product NameFirstmac SMSF Fixed Loan
Interest Rate Typefixed rate
Repayment Type Principal & Interest
Interest Rate p.a.7.44%
Comp. Rate p.a.8.79%
Minimum Loan Amount$50,000
Maximum Loan Amount $1,500,000
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityNo
Offset AccountNo
Split Loan FacilityNo
Fixed Interest OptionYes
Loan PortableYes
Extra Repayments Yes
Interest Rate
7.44%
Comparison Rate
8.79%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$1,044
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Firstmac key facts

  • Firstmac is a non-bank lender based in Australia.
  • Firstmac offers home loan products for owner-occupiers and investors.
  • This lender also offers other financial products such as car loans and term deposits.

Firstmac home loan features

Here are the key features and details you need to know about Firstmac's mortgage products.

FeatureDetails
Minimum depositIt is possible to get a home loan from Firstmac with a deposit as low as 10%.
Offset account?You can get an offset account with several Firstmac loans.
Repayment optionsSeveral Firstmac home loans allow you to make interest-only repayments for a limited period. The lender also offers the standard principal-and-interest repayments on its loans.

How do I apply for a mortgage from ?

When applying for any home loan, you will need various documents to establish your identity, your financial situation, employment status and details about the property.

Eligibility

The following information is general in nature and applies to most home loans. There may be specific criteria that apply for this lender.

  • Age. You must be over 18 years of age.
  • Residency. You should be a resident of Australia.
  • Employment. You should have a regular source of income.

Documents required

When you apply for a mortgage with you are required to provide certain information so make sure you have all your documents ready before you apply. The documents you will be expected to provide are:

πŸ“„ Property details. You can start a loan enquiry before you've bought a property. But to complete an application you need the address of the property and a signed contract of sale.

πŸ“„ Identification documents. You will need identification such as a driver's licence, passport or birth certificate.

πŸ“„ Proof of income documents. Recent payslips can establish your income.

πŸ“„ Asset and liability documents. You need to provide documents showing your current assets (savings accounts, investments) and liabilities (your outstanding debt).

How to apply for a home loan

More lenders to compare

Check out Finder's main home loans guide if you want to compare more home loans from a range of lenders. Or you could try one of the following lenders:

  • ING. This online bank is part of the global, Dutch financial group of the same name.
  • Commonwealth Bank. The nation's largest bank has a large selection of home loans and a convenient banking app.
  • UBank. This online bank is actually owned by NAB.
  • Athena. This digital fintech lender offers low-rate mortgages and an entirely online, convenient service.
  • Tiimely. This lender's online application tool can process your mortgage application fast. Backed by the Bendigo and Adelaide Bank.
  • Bank of Queensland. Outside of the Big Four this is one of Australia's larger banks. BOQ owns Virgin Money.
  • HSBC. The local Australian banking arm of this international bank offers various home loans.

More guides on Finder

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