Connective Home Loans Guide

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Connective Home Loans is a company with over 3,000 mortgage brokers across Australia. Your broker is your point of contact throughout the life of your home loan – not just until settlement. Connective home loans are funded by Macquarie Bank and Advantedge, which is part of NAB Group.

Connective Home Loans is a company with over 3,000 mortgage brokers across Australia. Your broker is your point of contact throughout the life of your home loan – not just until settlement. Connective home loans are funded by Macquarie Bank and Advantedge, which is part of NAB Group.

Connective Home Loans aims to provide a simple, easy-to-understand product that is easy to manage.

Connective Home Loans is part of Connective, an aggregator that partners with mortgage brokers. It began operating in 2003 and has a head office in Melbourne. According to Connective statistics, 1 in 10 Australian home loans are written by a Connective broker and over 20% of brokers in Australia aggregate through Connective.

Awards

Connective has been awarded for its work in the industry, and has received the following:

  • 2016 Australian Mortgage Awards Aggregator of the Year
  • 2015 & 2016 Australian Broking Awards Aggregator of the Year
  • 2015 & 2016 Australian Lending Awards Best Mortgage Aggregator
  • 2014 MFAA Aggregator of the Year
  • 2014 MFAA Award of Distinction

Connective home loans are suitable for a range of home buyers, including first home buyers, investors, and people who are downsizing. Connective values simplicity, which is evident in its two overarching home loan products: Essentials and Smart Options.

Essentials Home Loans

Connective Home Loans Essentials provide competitive-rate loans with ‘essential’ features, making them a good choice for first home buyers. These loans are funded by Advantedge, part of the NAB Group.

Fixed, variable, and split interest rates options are available.

Essentials Variable Rate Home Loan

This loan includes your essential features and a flexible variable interest rate. Features include:

  • No monthly ongoing fees
  • Potential for interest rate discounts
  • Flexible repayment options
  • Loan terms of up to 30 years
  • Free extra repayments and redraw facility
  • Split your loan between variable and fixed rate up to four times

Essentials Fixed Rate Home Loan

With the fixed rate home loan, you’ll know precisely how much your repayments will be. Features include:

  • Fix your interest rate for a period from 1 to 5 years
  • Potential for interest rate discounts
  • No monthly ongoing fees
  • Lock rate option leading up to settlement
  • Flexible repayment options
  • Split your loan between variable and fixed rate up to four times

Smart Options Home Loans

Smart Options home loans offer a wider range of features and more flexibility than the Essentials home loans. With these loans, customers can customise by holding multiple accounts with different features.

Smart Options Basic Home Loan

The basic home loan includes the standard features from the Essentials loans along with some valuable additions. Features include:

  • Fixed or variable rate loans available
  • Family guarantee feature
  • Make unlimited extra repayments on variable rate loans that can be redrawn if required
  • Make extra repayments up to $10,000 a year on fixed rate loans
  • No account management fees

Smart Options Offset Home Loan

The smart options offset loan includes the features from the basic loan, plus a full offset account. Features include:

  • Fixed or variable rate loans available
  • Make additional repayments at any time on variable loans
  • Make additional repayments of up to $10,000 per year on fixed rate loans
  • Funds can be used to build new or renovate an existing home
  • Get a discount on the standard variable rate
  • 100% offset account

Smart Options (SMSF) Property Loan

If you have your own super fund, you may be interested in this loan. It lets you borrow money through your super fund in order to buy residential investment property. Features include:

  • Repay the loan with rental income
  • Protect other assets in your fund
  • Purchase a single residential investment property
  • Integrate with your SMSF

Connective Home Loans offers features that cater to different types of borrowers. Your broker will help you identify which features can benefit you, so you can tailor your home loan choice.

Features include the following:

Essentials

  • 24/7 online access to your accounts
  • Redraw using ATMs, EFTPOS, or direct debit
  • Make extra repayments to variable rate home loans
  • Free access to rediATMs with eligible accounts

Smart Options

  • No ongoing account management fees
  • Family guarantee: use equity in a family member’s property to supplement your application
  • Use your loans to build a new home or renovate an existing home
  • Fixed and variable interest rates available
  • Make additional repayments at any time on variable loans
  • Make additional repayments of up to $10,000 per year on fixed loans
  • Free access to rediATMs with eligible accounts

Connective home loans can be variable rate, fixed rate, or split rate loans. You also have flexibility to choose from interest only or principal + interest repayment plans.

Connective home loans are only available through Connective mortgage brokers. Your broker will work with you to manage the process from application to approval and beyond.

To apply for a Connective home loan, contact a mortgage broker by completing the enquiry form on the Connective Home Loans website. Your broker will explain what kind of documentation is required for the loan you’re interested in.

Generally, the documents required include:

  • Proof of income
  • Details of any existing debts or loans
  • Identification

The Connective Customer Care team is also available on 1300 543 558 from 8am to 8pm Monday to Friday.

Yes. Eligible customers with variable rate loans who make extra repayments can redraw those funds to a nominated bank account using ATMs, EFTPOS, or direct debit. Redraws are subject to the terms of your loan and fees apply to manual redraws.

You can see how much you have available for redraw by using StarNet or StarCall, or by calling the Customer Care team on 1300 543 558.

Yes. Connective Home Loans allows customers to make extra repayments on a loan, which can help you pay down your loan faster. Repayment caps are subject to loan terms but in general:

  • Variable rate home loans can make unlimited repayments
  • Fixed rate home loans can make additional repayments of up to $10,000 per year.

With the Smart Options Property Loan, additional payments must be made by the SMSF.

  • Variable rate: unlimited repayments
  • Fixed rate: Up to 5% of original balance each year (not including additional fees or penalties)

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