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Split Loan

A split loan is the one, which gives you the possibility of dividing the loan in different parts. With the help of this loan type, you can nominate a loan portion towards the variable interest rate and the remaining to be calculated according to the fixed rate. This will allow the borrower to avail the benefits associated with both the loan types, fixed and variable.

Why should you Choose a Split Loan

With the selection of the split loan, you can gain the benefits of variable and fixed loans. This will also help in protecting your fixed loan portion from a fluctuating market that can increase the interest rate. You will also be aware of the schedule of you repayments, which will give you the benefit of effective budgeting. From the fixed portion of the loan, you can have the flexibility of additional repayments in an unlimited manner, thereby enabling you to paying the loan faster. The borrower can also avail the benefits of accessing the offset account and redraw based on the variable loan type.

Things to Remember

Although dividing the split loan between the fixed and variable loan type is a personal decisions, the following points must be considered while making this decision:

  • While you would want to avail the benefit of certainty in the interest rate and reduced impact of fluctuations in the interest rate, you must consider the flexibility of redraw facility and additional repayments.
  • You must consider your financial and personal circumstances and their changeability in the next few years of the loan term.
  • The timeframe for the fixed rate that you can commit to dedicatedly to avoid the penalties for breaking the rate term.

Why is it a smart choice to contact our mortgage brokers

Your expert guide in home buying journey

It is not an easy task to buy your first home. In fact it sure is one of the biggest financial decisions one makes in a lifetime. There is too much to know as it will be a completely new learning curve and no doubt there will be a lot of anxiety.

Therefore it definitely helps to have someone by your side throughout the home buying journey, making sure you understand the process every step of the way.

More options for all client profiles

Type of employment can have a bearing on what loan option and which bank will be best suited for you. We get cases for a lot of self employed clients who say that it has been difficult for them to get the desired loan. Our brokers specialise in loan applications for all types of employment. Whether you are self employed or on a casual or part time employment or having irregular incomes, our brokers have in-depth knowledge of the bank policies and can suggest a loan solution as per your unique situation.

Access to a wide range of loan products

Our brokers work for your benefit. They are not working for a particular bank, or vendor or any real estate agent. They have just your best interest in mind and therefore can compare a wide range of loan products.

Personalised attention

With Nfinity Financials you will get a personalised attention to your requirements, which you may not find with big corporate style financial institutions or banks. Our clients are our first priority.



Our Client Testimonials

See what our customers have to say about Nfinity Financials products, people and services.

Great Experience for our First Home
“Parag was helpful and supportive in every step of the home loan process. He provided clear direction and different bank options that best suited our home loan requirements…”

Akhilesh Raj
Submitted on Dec 2020

“Our experience with Nfinity financial home loans has been good so far. Our loan was processed in challenging times of COVID-19, Parag Dixit have gone above and beyond to get the best outcome for us…”

Venkat Karri
Submitted on Jul 2020

Great Knowledge and Always Available
“Parag was a great help to us in finding and freezing our first home in Sydney. Being new to Sydney we had so many queries and issues.. He was always there to help us and sort out issues…”

Roopa Menezes and Akhil Brian Menezes
Submitted on 26 Jun 2020

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Suite 215, East Wing, 33 Lexington Drive, Bella Vista NSW- 2153

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