Further loans
Further Loans
Tap into the value already sitting in your property. We compare top-up options, consolidate existing facilities, and make sure the future repayment stays comfortable.
Pick your equity strategy
Three flexible paths to unlock value in your bond
Compare by fees, approvals, and flexibility - each card highlights when to use it.
Further Advance
Tap increased property value for major upgrades or new builds.
Requires attorney feesA further advance (often called a further loan) is an additional amount over and above the value you originally registered when taking out your home loan. It can be accessed when your property value has increased. If the value has not increased yet, but you plan to improve it, you may apply for a further advance building loan.
Key considerations
- Use for home improvements, renovations, or building projects.
- Bond attorney fees apply because the registered amount increases.
- Requires updated credit assessment and valuation from your lender.
Readvance
Re-use capital you have already paid into the bond since registration.
No attorney feesA readvance lets you access the money you have already paid into your home loan account since registration. It is the gap between your registered bond amount and the current outstanding balance.
Key considerations
- No attorney fees or Deeds Office updates when you draw from the existing bond.
- Approval still hinges on affordability plus an updated property valuation.
- Interest rate can shift when you access the readvance, depending on the bank.
Access Facility
Keep everyday flexibility by withdrawing any excess or lump-sum payments.
Flexible accessAn access facility allows you to withdraw surplus funds that accumulate when you pay more than the minimum instalment or deposit lump sums into your bond.
Key considerations
- Most banks let you withdraw surplus repayments or lump sums on demand.
- Confirm required transactional accounts and transfer rules with your lender.
- Admin fees or notice periods may apply when you access funds.
Need guidance?
Questions about which option suits you best? Reach out and we will walk through the requirements with you and your bank.