Eligibility criteria
To qualify for an Extended Loan Term the following criteria must be met:
- Applicants must be individuals who are Australian permanent residents aged 18 and over.
- At least one applicant must be a First Home Buyer.
- All applicants must be aged 40 years or less.
- Loan must be owner occupied with principal and interest or construction interest only repayments.
- Application purpose must be:
- Construction of a new home where it includes purchase of a land loan; and
- Purchase of an existing or new home, and can include:
- Construction; or
- Renovations up to $100,000.
- Maximum 90% loan to value ratio (inclusive of fees).
Additional credit criteria applies, for details speak with one of our Home Loan Specialists at your nearest branch or your broker.
Exclusions:
Extended Loan Term is not available for:
- Loans with Green Home Offer.
- Government scheme loans.
- Shared equity loans.
- Loans with guarantors.
- Loans to businesses, companies, trusts, non-resident borrowers and other non-natural persons.
- Term extensions (excluding hardship).
Important Information
Extended Loan Term is available for eligible applications from 31/07/2025.
Lending criteria, limits, conditions, exclusions and fees apply. Applications are subject to credit approval. Offer current as at 31/07/2025 and is subject to change or withdrawal without notice.
Great Southern Bank, a business name of Credit Union Australia Ltd ABN 44 087 650 959, AFSL and Australian Credit Licence 238317. Lending criteria, limits, conditions, and fees apply. Applications are subject to credit approval.