Smart Starter Home Loan Package
Shopping around for your first home is exciting, but finding the perfect financial solution can seem like a daunting task.
At QTMB, we make taking your first steps into the world of real estate easy, with our Smart Starter Package.
It’s a special package that’s available only to our members who qualify for the First Home Owners Grant. Smart Starter gives you a whole range of exclusive benefits that last as long as your loan does.
Benefits at a glance
| Product |
Benefits |
| Smart Starter Home Loan# |
Choose from a range of flexible QTMB residential home loans. |
Repayment Pause
|
If you are considering starting a family, then enjoy a three month break from your repayments or alternatively enjoy six months at half repayments. |
Family Support Option
|
The Family Support Option allows your family members to use the equity in their home to provide additional security for part of your home loan, helping you to avoid Lender’s Mortgage Insurance and maximise your borrowing power.
Parent's obligation. The family support guarantee can be limited to an amount nominated by the parents. In the event that the borrowers default on their loan, the parents may be liable for the amount of the family support guarantee, not the full amount of the loan.
|
Home and Contents Insurance Cash Back^
|
As a first home buyer if you take out your Home and Contents insurance policy with QTMB you’ll receive $250 cash back on your first year’s premium ($100 cash back for contents cover for domestic strata titled properties). View terms and conditions. |
| Smart Starter Car Loan# |
For the life of your Smart Starter Home Loan Package you will have access to a feature packed car loan. With flexible terms, the Smart Starter Car Loan is an ideal choice when it comes time to update your car. |
Smart Starter Overdraft#
|
Enjoy the option of a low rate VISA overdraft, offering the ultimate freedom. Have your salary deposited direct and enjoy the simplicity of a transaction account and line of credit in one. |
| Financial Planning |
Receive a complimentary risk assessment to consider options for your financial protection and security. |
| Home Buying Costs |
For a list of FAQ's on the cost of buying your first home click here. |
Who can apply for the Smart Starter Package?
The Smart Starter Package has been designed specifically for borrowers who are purchasing their very first home. To qualify, borrowers must be eligible to receive the Government’s First Home Owner Grant.
The benefits are yours
While the challenges you face as a first home buyer won’t last forever, the benefits you receive with your Smart Starter Package will. For example, whether you take advantage of the Smart Starter Car Loan after one year or ten, as long as you have the Smart Starter Package and meet our criteria at the time, you will have access to all of its benefits.
Looking for a different type of loan? Click here to see all our loans
Take an easy next step
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Alternatively
QTMB’s lending policies, conditions, fees and charges apply at the time of application. Full details of the terms and conditions are available on application. Obtain a Product Disclosure Statement (PDS) from QTMB and consider whether the products are appropriate for you. Smart Starter Car Loan and Smart Starter Overdraft are existing QTMB Car Loan and Visa Overdraft products. Eligible applicants will be offered QTMB’s lowest published rate at the time of application. QT Mutual Bank Limited, ABN 83 087 651 054. AFSL 241195.
The Repayment Pause Option is available for Owner Occupied Mortgage Breaker loans only. Maximum LVR 90% at time of request for standard loans only. Repayment Pause to be used in instances of reduced household income normally associated with Parental Leave, Leave without Pay for extended holiday, etc. Not to be used for instances of financial hardship. Term of loan does not increase if repayment pause is taken. Two repayment pauses in total available over the life of the loan, however they must be at least 12 months apart. First repayment pause available 12 months after loan funding date. All other lending criteria to apply.
Before making a decision about your insurance needs, please refer to the Product Disclosure Statement, available from QT Mutual Bank. Issued by CUMIS Insurance Society Inc. ABN 72 000 562 121 AFSL 24 54 91 (incorporated in the United States. The members of the Society have no liability) trading as CUNA Mutual General Insurance.
Risk assessment is conducted by QT Financial Planning and members will be eligible to receive the assessment once the Smart Starter Home Loan has been funded. QT Financial Planning Pty Ltd ABN 35 116 361 650 is a Corporate Authorised Representative (ASIC No. 293929) of Outlook Financial Solutions Pty Ltd, ABN 40 083 233 925, AFSL 240959, Level 17, 100 Pacific Highway, North Sydney, NSW 2060.