The Rock Building Society Limited
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Interest Only

With The Rock’s Interest Only facility, you can repay only the interest on your loan for up to five years of the loan term. Interest Only repayments are debited from an account held with The Rock on the last day of each month.

You may select individual terms of 1 – 5 years, or select a 30 year term with 1 – 5 years being Interest Only, and the remainder of the term on a principal and interest basis.

Our Interest Only facility is often attractive to investors as it enables them to maximise their tax deductions and free up any surplus funds for other investments.

At The Rock’s discretion, you may apply for an extension of the Interest Only period and we will review the request based on your repayment history, ongoing debt servicing capacity and the current value of the secured property.

 

Product Details

If you are buying, building, renovating or investing in residential property, we have many innovative solutions to cater for your specific needs.

Advantage Plus - The best of both worlds

For customers who need a low interest rate home loan with most of the features our premium loans provide.

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Standard Variable Loan – A full house of benefits

Features that add value to your financial solution.

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Fixed Rate Loan – Manage rate increases

You have a choice to fix the rate for one, two or three years.

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Rock Star Pack - The pack deal

Reduce your fees and your rate. One annual fee covers account-keeping and most transaction fees.

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Home-to-Home Loan - Buy now, sell later

Allows you to purchase or build your new home now and have twelve months to sell your current home. It gives you breathing space to wait for that better price.

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Lo Doc Loan – Non-standard requirements

A solution for borrowers who are self-employed or have combined business and personal income and expense records.

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Line of Credit - Unlock your equity

Have instant access to the equity in your home at the same interest rates as our Standard Variable and Rock Star Pack home loans. You can even fix your interest rate.

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