Flexible Option LOC Flexible Option LOC (Owner Occupied)

  • 4.97%
    p.a Standard Variable
  • 5.07%
    p.a Comparison**
  • $845
    Upfront fees
  • $180
    Annual fees
  • 90%
    Max Lvr
  • $2,055
    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 90% 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", "Owner Occupied"], in ["NSW", "NT", "QLD", "SA", "WA", "VIC", "TAS", "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 repaments Fortnightly, Monthly, and Weekly.

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


The Flexible Option is a standard home loan with numerous features to suit a large range of home owners. Borrowers have the option of choosing from a range of features including offset accounts, internet and phone transacting - coupled with competitive pricing. The product allows for large loan sizes, with no evidence of income other than a one page declaration. Highly suitable for self-employed borrowers or those that cannot evidence income. This loan is suitable for clients looking to purchase an investment property, a home to live in, refinance their existing mortgage or consolidate their debts. Unlimited redraw transactions (min. $500 per transaction) $50 fee applies for manual requests - LMI capitalisation available on P&I loans - Unlimited redraw transactions - Up to 55 day interest free Visa card available - Low interest rates - No genuine savings requirement up to 80% LVR Other Notes: - ABN required for all self employed applicants held for a minimum of two years - Vacant land permitted - Funder will contribute $20 per month to transaction fees on Offset accounts - Unlimited transactions at any Bendigo and Suncorp ATM *Contact your BDM for all other products and fixed rates.

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) 95% LVR P&I repayments only.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%

Fee Notes

Application Fee of $495 includes the cost of one property valuation up to $275. Additional valuation: $275. Contract Fee – Standard Loan $150. Construction Loan: $250. Go Between: $250. Additional Split: $50. Legal Disbursements: $100. Approximate Solicitor Fees noted. Fee may vary slightly depending on Solicitor/Funder. Additional Mtge Stamping & Rego fees may apply. Refer to Lender Loan Contract for full fee details.

*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