Lower interest rates
Market leading Principal & Interest and Interest Only rates for owner-occupiers and investors.
You can make free, unlimited additional repayments on our variable home loan without being penalised. This mean that you can pay off your loan faster than the agreed term and save on interest.
If you’ve made extra repayments onto your variable rate Yard Home Loan, you can redraw these for free through our online portal.
Having an offset account linked to your Yard Home Loan allows your savings to lower the amount of interest you pay on the variable part of your home loan.
We can help you purchase when you don’t have a 20% deposit. The Yard Home Loan can have an LVR of up to 95%, but Lenders Mortgage Insurance (LMI) is needed if your LVR is greater than 80%.
Own your property sooner with our low rate,
fully-featured home loans
Market leading Principal & Interest and Interest Only rates for owner-occupiers and investors.
Our loans have all the bells and whistles - online access with redraw, early repayment and offset functionality.
At Yard you get your own personal consultant who works with you throughout your home buying or refinancing journey.
The Yard Home Loan is simple. We’ve built a product that’s fully featured and we give you the control to personalise its design.
With the Yard Home Loan, you can achieve your goals:
• Purchase a new home or investment property
• Refinance to save money
• Take cash out for a personal or investment use (e.g. renovate, have a holiday)
• Consolidate debts to a cheaper rate into your home loan
• Release equity
The Yard Home Loan can also allow for ‘Family Guarantee’ or ‘Family Pledge’ loan situations. When a family member becomes a guarantor for a home loan, they are pledging the equity they have in their own home as security for the home buyer.
We can accept the following property types:
• Houses, apartments and town houses
• Rural residential and hobby farms
• Off-the-plan purchases
Yes, we can lend to applicants who are employed (PAYG) as well as self-employed. For self-employed borrowers, we typically require 2 years of trading history under the same ABN. Professionals (e.g. Doctors, Lawyers, Accountants, IT Professionals) who have recently become self-employed and have traded under an ABN for at least 6 months can be considered.
Yes, Yard provides Guarantor home loans, also known as ‘Family Guarantee’ or ‘Family Pledge’ home loans. A Guarantor home loan allows someone else in your immediate family to guarantee a portion of your loan. They do this by putting up a property they own as security against the home loan. You can borrow up to 110% of the purchase price of a property with a Guarantor home loan. This means you can borrow the entire purchase price plus other upfront purchase costs like stamp duty and conveyancing. The Guarantor home loan option could help you avoid the cost of Lenders Mortgage Insurance (LMI).
Click ‘Apply now’ - it takes as little as 15 minutes to provide Yard with information about your home, your finances and how much you'd like to borrow. You can also select to make an appointment with a Loan Consultant to discuss your requirements at a time that suits you by clicking on ‘Talk to an expert’. We'll contact you via email or phone to discuss your application. This is your opportunity to ask us questions and design your loan. Once you're comfortable a Yard loan is right for you, simply provide the required documents for assessment via our document portal. If successful, we'll arrange the loan.
