Your current financial situation, job security and ability to repay debts will be taken into account by the banks when deciding whether to approve your loan.

With some banks, the loan approval process can be difficult if you are under probationary employment as banks view this as a higher risk.

You may have to pay higher interest charges with some lenders or wait for the end of your probation period.

How we can help!

Despite being under probation and considered high risk by the banks, we can still get your loan approved with good competitive rates.

Some lenders don’t see those working in probationary periods as higher risks therefore do not impose higher rates. Equally, some of the major lenders you will charge you the same interest rate as somebody who is not working in a probationary period!

Fees are the same for people on probation. Loans with waived application fees are also available.

Interest rates

You may be eligible for professional package rate discounts between 0.5% and 0.7% off the Bank Standard Variable Rate. For larger loans we may be able to help you negotiate an even larger discount. Basic loans with low rates are also available for people borrowing under $250,000.

Home loan fees

Application fee waivers are possible as part of a professional package. Depending on the lender, there may be an application fee if you apply for a basic home loan.

Loan features

• Interest only
• Fixed rate
• Line of credit
• 100% offset
• Redraw and extra repayments

To find the right lender that will approve your home loan with competitive rates and features, contact us today!