Home loans Solutions

What are my options for finance?

We have a range of options suitable for different circumstances.

I am planning cosmetic renovations

If you are planning cosmetic renovations, like upgrading your kitchen or bathroom, there are a number of options available for accessing extra funds.

If you've paid off more than your minimum repayments, the  redraw feature allows you to withdraw extra money you've paid into your home loan, so you're able to access your money to fund your renovation plans. ¹

The top-up feature allows you to extend the credit limit of your existing loan without applying for a new one.

An Equity Access Loan lets you use the equity in your property as a source of funds. This loan is secured by a first registered mortgage over your property.

Review your options

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• Loan selector tool
• Loan top up

Lisa and Robert are looking to install a new kitchen in their investment property

Lisa and Robert have a Rocket Investment Loan which they have made several extra repayments on. What options do they have?

As they have made extra repayments, Lisa and Robert could redraw¹  this amount through their redraw facility to fund their renovations. This saves them time and they can even use Telephone Banking or Online Banking to redraw money without having to obtain a separate loan.

Tim and Michelle want to renovate

Tim and Michelle have paid 30% off their Flexi First Option Home Loan. They now want to renovate their home. What options do they have?

Tim and Michelle could apply for an Equity Access Loan and use the equity in their home to finance their renovation. Alternatively, they could use the redraw or top-up features as sources of funds.