Investment home loans
- What Investment Loan options does QTCU offer?
- QTCU has a range of loans for investment purposes. You can choose from variable, fixed for 1, 2 or 3 years, or interest only options, secured by residential property.
- What can I use an Investment Loan for?
- An investment loan is purely for the purchase of investments. This includes; an investment property, shares or managed funds, or even renovations on an investment property you already own. However, you cannot use it to purchase an owner-occupied property.
- How do Investment Loans work at QTCU?
- All investment loans are secured by residential property, whether it's against your home, your investment property, or both. You can use the equity you have in any secured property to increase your buying power for your investment loan. The fixed, variable, or interest only rates work in the same way as an owner-occupied loan. You also have the option of using an offset facility to offset your savings against the loan balance and reduce the interest on your loan.
- What are the benefits of Investment Loans?
- An investment loan may allow you to use the equity in your home to borrow the full amount of your investment, without having to save a cash deposit, getting you into the market and earning the associated returns sooner. The interest paid on the loan may be tax deductible, and depending on your circumstances, a number of other tax benefits can arise from owning an investment property. In particular, QTCU investment loans are extremely flexible, and have no monthly account keeping fees.
- How do the rates compare?
- Currently, QTCU fixed investment loans attract the same interest rate as our competitive owner-occupied fixed rate loans.
- Will I get the benefits from an Investment Loan?
- The returns from your investment need to be higher than your input to make it worthwhile, whether they're in the form of income or tax benefits. There are many factors that will affect this, including your stage of life, financial position and income level. Always talk to your financial adviser first to determine whether a particular investment (and loan) is suitable for your individual circumstances.
A Product Disclosure Statement (PDS) is available for this product and you should read the PDS before making any decisions about the product. As this advice has been prepared without considering your objectives, financial situation or needs, you should, before acting on this advice, consider its appropriateness to your circumstances.
