Classic LOC 95 Classic LOC 95 (Owner Occupied)

  • 4.48%
    p.a Standard Variable
  • 4.50%
    p.a Comparison**
  • $900
    Upfront fees
  • $0
    Annual fees
  • 95%
    Max LVR
  • $1,941
    Per Month*

About Pioneer Mortgage Services

Pioneer was established almost 30 years ago, and an Australian owned financial provider, they offer residential and investment mortgage products in the non-bank market. Over this time, Pioneer Mortgage Services have assisted thousands of customers throughout Australia and New Zealand achieve their dreams of owning a home. As a non-banking financial institution, Pioneer have a wide range of competitively priced products, delivering customers detailed and personal service. They distinguish themselves from banks through a distinct level of attention offered to every customer with a large range of home loan products to suit all types of borrowers.

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.

15 - 30 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 Fortnightly, Monthly, and Weekly.

Interest Only Option
Max Interest Only
15 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.


Exit Fees

Fees associated with prematurely ending the loan.

Early Repayment
Switch To Fixed


Maximum I/O period for owner occupier loan is 5 years. This product allows for no LMI up to 85% subject to: - Max. loan amount $1.1M - Cat A security only - Cash out up to 40% of security value - Unlimited debt consolidation - A Lenders Risk Fee of 1% applies The Classic Line of Credit is a traditional Line of Credit facility that may suit all types of borrowers. Features: - No monthly of annual fees - No interest rate loading applicable. Variable interest rate the same as the Classic Term Loan - Debit Card available - Repayment not required if sufficient funds available in redraw. I.e. Interest can be capitalised up to the Line of Credit limit - Internet Banking available - Available in a Company or Trust name - Can be stand alone or split with a Classic Term Loan Minimum loan split amount $10K. Maximum loan term is 25 or 30 years. 15 years Interest Only, converting to Principal and Interest for the remainder of the term. Repayment options of Direct Debit, Salary Credit, Deposit Book. Dynamic Repayment is available after Interest Only period has expired (refer to your BDM for more information). Additional Repayments and Redraw allowed. Available for Debt Consolidation up to 90% LVR (dependent on security location and impairment level, if any). First 15 transactions are fee free. Westpac ATM attracts a fee per transaction.

LVR Notes

95% Owner Occupied and Investment (including capitalised LMI. Funder pays LMI If LVR up to and including 85% and loan amount up to $1.1M - borrower pays If LVR more than 85% .


5% Genuine Savings required for o/o & 10% for investment (can be shown as equity in existing property)

Fee Notes

Clawback: - 0-6 months discharged after settlement: 100% of upfront paid - 7-12 months discharged after settlement: 50% of upfront paid - 13 months + discharged after settlement: No Clawback Quoted Valuation fee is an estimate and valuation fee is charged at cost. Solicitor fee: From $350 plus outlays. Title Insurance Fee: $132 (up to $600K) & $238 ($600K - $1M). Transaction Fees: First 15 transactions fee free. Westpac ATM attracts $1.00 per transaction.

*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