40-year loan terms are now available on our Prime home loan option. If your clients need help dealing with an unexpected life event, a 40-year loan term, could help them better manage their cash flow.
On a $500k loan, this could mean savings of $231 per month or $2,772 a year, which could be put towards other expenses or repaying their loan faster when their situation changes*.
Important information
All applications are subject to credit assessment, eligibility criteria and lending limits. Terms, conditions, fees and charges apply. Information provided is factual only and isn’t intended to recommend any financial product(s) or be tax advice. If you require financial or tax advice, consult a licensed adviser.
*example is calculated on a loan amount of $500,000 borrowed over a term of 40 years with an interest rate of 6.59% p.a. WARNING: Savings are only true for the example given. Different terms, interest rates or other loan amounts might result in a different monthly repayment.
©Pepper Money Limited ABN 55 094 317 665; AFSL and Australian Credit Licence 286655 (“Pepper”). All rights reserved. Pepper is the servicer of home loans provided by Pepper Finance Corporation Limited ABN 51 094 317 647.
