Flexible Option LOC Flexible Option LOC (Owner Occupied)

  • 5.15%
    p.a Standard Variable
  • 5.25%
    p.a Comparison**
  • $858
    Upfront fees
  • $180
    Annual fees
  • 95%
    Max LVR
  • $2,092
    Per Month*

About Australian First Mortgage

Established in 2003, AFM is an award winning non-bank mortgage manager. An Australian owned business who offer competitive residential, commercial and leasing finance. AFM is funded by a select group of Australian banks and wholesale lending institutions including Bendigo and Adelaide Bank, NAB’s Advantedge Financial Services, Resimac, ING Bank and Pepper Home Loans. The company manage funds in excess of $2 billion. AFM employs and runs a dedicated team of Business Development and State Sales Managers to support, facilitate and train its accredited mortgage brokers. It also employs a national team of Credit Managers, with, in some instances, combined delegated lending authorities of up to $2 million.

Standard Variable

Repayments calculated to take into account ongoing monthly and anual fees.

Monthly repayment*
rate per annum

Loan to Value Ratio

Borrow up to the maxium of 95% of the value of the property.

Lenders Mortgage Insurance, or LMI, will be payable on most loans where the borrowings are greater than 80% of the value of the property.

However, you may be able to capitalise LMI into your loan, increasing the overall loan amount by about 2% (in order to cover the cost of the insurance). Contact a loan market broker to find out how LVR and LMI might impact the cost of your loan repayments.

Capitalise LMI


For Line of Credit, Equity, and Owner Occupied in NSW, NT, QLD, SA, WA, VIC, TAS, and ACT.

10 - 25 years


The level of financial documentaion and credit history required to apply for the loan.

Full Doc
Credit History
Genuine Saving

Redraw Facility

Get quick access to cash by drawing on the loan to pay for renovations or other purchases.

Redraw Facility
Min Redraw
Redraw fee

Banking Features

Given the wide range of loans on offer – with different interest rates, product features and fees – it pays to shop around to find the loan that fits your needs and circumstances. Some loans offer features that may be appropriate for your situation and result in savings over the life of the loan.

Some features you may wish to consider include:

  • an offset account;
  • ability to make extra repayments;
  • a redraw facility; and
  • linked credit card and savings accounts;
  • ability to split your loan between fixed and variable interest rates
Offset Account
Redraw Available
Credit Card
Internet Banking
Telephone Banking
BPay Option
Portability of Loan
Professional Pack
Check Account
Direct Salary Credit
Free Transactions
Minimum Redraw
Redraw Fee


You can make your repayments Monthly.

Interest Only Option
Max Interest Only
10 years

Upfront Fees

Upfront fess associated with estabilishing the loan. Other loan set-up fees, such as valuation fees and lender's mortgage insurance, and Government charges, such as registration fees and stamp duty on property transfer, have not been included. These will be determined after application.


Ongoing Fees

Monthly and annual fees and charges during the loan period.

Ongoing Yearly

Exit Fees

Fees associated with prematurely ending the loan.

Early Repayment
Switch To Fixed


There are two target markets for a Line of Credit - Principal & Interest: For the customer that wants to pay down their loan as quickly as possible. This loan builds the discipline of a traditional term loan into the flexibility of a line of credit, because the credit limit amortises over the loan term. Interest Only: For the customer that wants to build their wealth by accessing home equity for investment in property or shares. The credit limit remains constant for the 7 year interest-only period before amortising for the remaining loan term. Revolving Line of Credit loan that gives you the freedom to package your finances into an easy to manage loan. The Solution Loan Line of Credit can assist paying debt off faster by minimising interest costs and bank fees. Credit increases minimum $10,000 Monthly repayments must be made prior to or on the required date (28 days after statement was produced) Loan Purpose: Purchase or refinance of an owner-occupied or investment property Debt consolidation Any worthwhile personal or investment purposes including unspecified cash out purpose (conditions apply) Refinance of business debts or assistance with purchase of business assets Visa facility: Secured Visa available, maximum limit $20,000 Maximum LVR for Secured Visa is 80%. Loan term: Principal & Interest 25 year term Interest Only 7 years interest only, then 15 years Principal & Interest

LVR Notes

Max LVR 95% up to $750,000 80% up to $2M (subject to LMI guidelines & location).LMI can be capitalised. 90% LVR on Interest Only (plus LMI Capitalisation) Savings of 5% saved over 6 month period required prior to application date if LVR exceeds 80%. LMI is no longer required for Category 3 locations under full doc policy only where LVR is less than 80% 70% maximum loan to valuation ratio (LVR) for owner occupied and investment interest only lending

Fee Notes

Valuation fee included in Application fee. This offer covers per loan - one standard valuation (up to $275). $150 Contract fee.

*Monthly Repayments

Monthly repayments are calculated to take into account the loan amount, repayment term and ongoing fees and charges over the life of the loan.

  • Variable rate loans show the monthly repayments at the current rate.
  • Fixed rate loans show the monthly repayment during the fixed period only.
  • Monthly repayment calculations are an approximate guide only. Speak to a LoanMarket Mortgage broker to understand the exact cost of a loan given your particular circumstances.

**Comparison Rates

A comparison rate is a tool to help consumers identify the true cost of a loan. It factors in the interest rate, loan amount, repayment term and ongoing fees and charges and displays this as a single percentage rate that can be used to compare various loans from different lenders.

Monthly Repayment and Comparison Rate* calculations do not include:

  • The use of account features such as early repayments and offset accounts which vary widely among loans and can reduce the cost of a loan significantly.
  • Cost savings such as fee waivers or special rate discounts.
  • Fees and charges associated with loan options or events that may or may not be used by the borrower, such as early repayment or redraw fees
  • Lenders Mortgage Insurance (LMI) which may be required to secure the loan and can increase the cost of the loan.
  • Government charges such as stamp duty or mortgage registration fees.
  • Fees and charges which aren’t available at the time the comparison rate is provided