Hume Building Society has a variety of home loan options to suit your individual circumstances.
Hume Interest Saver Loan
No fuss, no frills
If you are looking for a simple, no fuss variable rate home loan that offers a lower rate than many of the big banks then a Hume Interest Saver loan may be for you.
Standard Variable Rate Loan
Need flexibility?
A Standard Variable Rate loan provides a range of flexible features to suit life’s changes, offering a competitive interest rate with the ability to make extra payments, helping you pay off your home loan faster by saving you interest.
Hume Fixed Interest Rate Loan
Seeking security?
A Hume Fixed Interest rate loan is ideal for those people who want the security of knowing what their repayments will be for a fixed period of up to five years. Hume Building Society also offers you the flexibility of repaying up to 25% of the original loan amount in additional payments over the fixed term without a penalty being charged (e.g. $100,000 fixed for 5 years would allow $25,000 in additional payments within the 5 years).
Introductory Rate Loan
Help to get you started
An Introductory rate loan will assist you in the first year of a new loan when your expenses may be at their highest. It offers a guaranteed fixed rate for the first year of your loan.
Hume Split Loan
The best of both worlds
If you would like to combine the benefits of our Variable and Fixed Rate loans, a Hume split loan is for you. You can have a portion of your loan at a fixed interest rate to protect against interest rate increases and another portion at a variable interest rate to allow you to pay it off more quickly without penalty.
Transactional Loan
All in one
If you like the idea of your loan having features of a savings account, Hume’s Transactional Loan may be for you. Every dollar that you deposit into your Transactional Loan helps reduce your loan balance and therefore the interest you pay. There is a set principal repayment to help you increase your equity. You can also link your transactional loan to a credit card - just use your Hume Credit Card for all your day-to-day expenses and set up an automatic monthly payment from your Transactional Loan to pay off the card’s outstanding balance in full by the due date. This will reduce your outstanding loan balance for longer each month, lowering the amount of interest charged to your loan.
Line of Credit
Looking to invest?
If you’re an investor, a Line of Credit gives you access to your money for investing in such things as managed funds, shares or other ventures. You have the ability to draw on funds at any time, up to an established maximum limit for a set term. As long as interest and fees and charges are met on a monthly basis, there are no set principal repayments, you can repay as much or as little as you like until the end of the term when the balance is due.
To find out what Hume home loan best suits your needs, speak to a Hume Lending Consultant by phoning (02) 6051 3233.