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Here's how Allan and Ash bought their first home

With an eye to the future and a young baby, this couple in their twenties were able to buy their first home with some hard work, planning, and our family pledge loan.

They're getting a foot on the property ladder.

Even though they’re young, Ash and Allan have an eye focused on the future. Looking around the Maitland area to buy their first home, they realised they couldn’t quite afford the deposit. But with a bit of help from Allan’s dad, and by using our Family Pledge loan, they now live in their own home with their baby daughter.

Why pay the landlord’s mortgage?

 

Allan and Ash were working hard, studying hard and saving hard. They wanted to buy their first house and nest with their first baby, but they didn’t quite have the money for the deposit.

Allan’s dad was happy to help out, so using our family pledge loan, they turned paying rent into owning their own home.

They got the house and saved with a low interest rate and avoided mortgage lenders insurance (a substantial saving).

At only 25, they’re on their way.

Here’s how Allan and Ash did it

Family Pledge Loan


Our Family Pledge Loan is designed to help you make up any shortfall in your deposit by having a family member use the equity in their home to make up the remainder of the deposit.

It’s a great way to get into the housing market sooner.

  • Avoid lenders mortgage insurance (LMI)
  • Your family member’s portion gets paid out first (giving them peace of mind)
  • Borrow up to 110% of your property value
  • No deposit required

 

Personal Loan


Allan loves his family, his local area, and of course, his car.

We get it, which is why we were happy to help him get behind the wheel of his dream set of wheels with a Personal Loan. With a great low rate, and quick approvals process, Allan was able to hit the road in no time.

  • Competitive rates, with no monthly or annual fees
  • Able to be approved in as little as 24 hours
  • No early repayment penalties

New Car Loan

Interest Rate 4.98 % p.a.
Comparison rate 5.36 %^ p.a.
Secured - Fixed rates for 1-7 years
Don’t wait to get behind the wheel – our fixed rate new car loan offers great value rates, low fees and can be approved in as little as 24 hours*.

Life Saver


Having reached that elusive first rung on the property ladder, Allan and Ash began to focus even more on their daughter Ava's future.

The couple opened a Life Saver Account with us, and are making regular deposits, achieving a great higher interest rate, and helping Ava get off to the best start possible.

  • Interest calculated daily, paid monthly
  • FREE Internet, Mobile and Phone Banking

Life Saver

Interest rate 1.00 % p.a.
Calculated daily, paid monthly
Fair-go banking for those under 25. Our Life Saver is the account that grows with you, rewarding you with a competitive interest rate when you make at least one deposit per month. By opening a Life Saver under the age of 25, you can continue to use it for life.

Mobile App


Allan and Ash are switched on and run a tight budget. They’re both working as well as busy being parents, so quick easy banking is essential.

Our app lets them keep in control of their finances from their phones.

  • 24/7 banking anywhere, anytime
  • Easy transfers and payments
  • Thumb print log-in and quick swipe for account balances

 

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