Dreaming of home, sweet home?
At The Capricornian, we understand the unique blend of rural charm and coastal dreams that define our region.
Our Country to Coast Home Loan is packed full of features for owner occupiers to get into their ideal first home, or forever home. With a sharp variable rate, 100% offset facility, standard establishment fee waived and no penalty for extra repayments, this home loan was designed with owner occupiers in mind.
At The Capricornian, we’re not just banking; we’re meeting your needs – one home at a time.
100% offset account
Helps to save you money and pay off your loan sooner.
Looking for a personal loan?
Establishment fees waived on personal loans when you possess an active Country to Coast Home Loan
Discounted Insurance
Receive a discounted standard premium on CGU Home & Contents Insurance with The Capricornian
- 100% offset facility available 1
- Receive a discounted standard premium on CGU Home & Contents Insurance for your policy’s first 12 months when taken out through the Capricornian 2
- Transaction fees, account keeping fees and card fees waived on Offset (Access) Account 3
- Standard establishment fee of $600 waived on Country to Coast Home Loan 4
- Establishment fees waived on personal loans when you possess an active Country to Coast Home Loan
- Available to owner occupiers only
- Loan period up to 30 years
- Minimum loan amount for new funds $250,000 +
- Additional repayment options without penalty
- Not available to businesses, companies, trusts or guarantors.
- Redraw available without fees – in-branch, online or via the Cap App
- Flexible repayment options available weekly, fortnightly or monthly
- No ongoing monthly home loan fees
- No early payout fees
- Max. loan amount up to 95% of the property value +
- Interest only option available for construction loans ^
- The Capricornian will pay the first $500.00 for any valuations required.
- For Construction loans a progress inspection valuation fee will apply
Owner Occupied
| Loan Amount | Variable Interest Rate + | Comparison Rate * |
|---|---|---|
| $250,000+ | 5.99% p.a.+ | 5.99% p.a.* |
Rates effective from 01/11/2023.
Credit eligibility criteria, terms and conditions, fees and charges apply. The Capricornian Ltd. ABN 54 087 650 940. AFSL/Australian Credit Licence 246780.
*This comparison rate is based on a $150,000 loan over 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
1 One Offset Account available per loan only.
2 Receive a discounted standard premium on CGU Home & Contents Insurance, distributed by The Capricornian Ltd for the first 12 months of policy only when you possess an active Variable Rate Offset (Country to Coast) Home Loan. Consider the relevant Product Disclosure Statements (PDS) and Target Market Determinations in deciding whether to acquire, or to continue to hold, the product.
3 Account Service Fee Exemptions on Access Accounts where first account is exempt for eligible members who possess an active Variable Rate Offset (Country to Coast) Home Loan. $6.00 per month subsequent accounts on Personal Access, $10 per month subsequent on Business Access Accounts. Card replacement fees, event fees, contract variation fees, discharge fees, and arrears fees will apply. Please see our Fees and Charges for full list of applicable account fees.
4 A construction valuation fee may be applicable. If there are multiple securities in relation to the property, additional Valuation Fees will apply. Please see our Fees and Charges for full list of fees.
+ Lenders Mortgage Insurance (LMI) is required where the loan is greater than 80% of the value of the security property. Max. loan amount up to 95% of the property value. This may vary based on the size and location of the property.
^ An increase margin of 0.30% will apply to interest only Owner Occupied variable rate loans. Lenders Mortgage Insurance (LMI) is required for Interest Only loans where the loan is greater than 78% of the value of the security property.
Variable Rate Offset (Country to Coast) Home Loan not applicable for rural property over eight (8) hectares. Please refer to our Lifestyle Home Loan as an alternative.
Consider the relevant Target Market Determination (TMD).
To be eligible you will need to be:
- At least 18 years old
- An Australian citizen or permanent resident
If you are seeking formal approval, whether applying online or in person you will need:
- Two forms of ID
- Three payslips (or other proof of income if you’re casual or self-employed)
- Evidence of what you own (assets)
- Evidence of what you owe (liabilities)
- Contract of sale
Following the assessment process, further information and documentation may be required.
Work out what repayments you may be able to afford by using a borrowing calculator. We use a range of criteria to decide how much you are eligible to borrow, but you also need to be comfortable that you can afford to pay the loan. We aim to help you achieve your goals without living above your means.
There are several factors that go into determining which home loan and interest rate is best for you. A variable interest rate will change along with the market. A fixed rate will lock in your repayments for a set period of time. There are benefits to both of these options, and we recommend that you obtain financial advice when contemplating this decision. See this link to our blog for more information.
1. LVR: Loan to Value Ratio
LVR is the percentage of the property’s value, as assessed by the lender, that your loan equates to. For example, if the property you want to purchase is valued at $500,000, and you need to borrow $400,000 to pay for it, the loan is worth 80% of the property value, making your LVR 80%.
2. LMI: Lenders Mortgage Insurance
LMI is insurance that protects the bank or lender in case you can’t pay your residential mortgage. It’s usually paid by borrowers with an LVR higher than 80% – that is, borrowers with a deposit of less than 20%.
You can apply online, request an appointment or call us on: 1300 314 900
Tips to get in the know
Glenn & Belinda Cox
The personalised service and attention to detail shown by Seona meant we were informed at each stage of the process. This made what could have been a stressful changeover so easy to navigate.
From the moment we made our first enquiry to the finalisation of the loan, nothing was too much trouble. We would highly recommend The Capricornian and want to thank Seona for excellent customer service. Thanks so much.”