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Home loans in your home town

Find the right loan for you and get your home through a friendly, local lending specialist. Discover home loan choices, mortgage calculators and expert tips. Talk to us or start your home loan application online now.

Benefits of a Capricornian Home Loan

Keeping fees fair

No ongoing monthly loan fee.

Custom repayment options

Have a choice in how you make your repayments – weekly, fortnightly or monthly.

Locals helping locals

For locals, by locals. Say hello to faster home loan approvals

No Frills Home LoanPremium Choice Home LoanLifestyle Home LoanAccess Equity Home Loan
Minimum loan amount$150,000$50,000$50,000$5,000
Maximum loan amount90% of property value plus LMI95% of property value plus LMI80% of property value80% of property value
Maximum loan termup to 30 yearsup to 30 yearsup to 30 yearsup to 7 years
Ongoing fees and chargesNoNoNoNo
Extra repayments or early payoutsY
No penalty
No penalty on variable
No penalty
No penalty
Redraw facilityY
Free online
Free online on variable
Free online on variable
Free online
Offset AvailableNoYes
Repayment optionsMonthly, weekly, fortnightlyMonthly, weekly, fortnightlyMonthly, weekly, fortnightlyMonthly, weekly, fortnightly
Intertest rate optionsVariable onlyFixed and variableFixed and variableVariable only
Available for constructionYesYesYesNo

To be eligible you will need to be:

  • At least 18 years old
  • An Australian citizen or permanent resident

Whether applying online or in person you will need:

  • Two forms of ID
  • Three payslips (and other income)
  • Evidence of what you own (assets)
  • Evidence of what you owe (liabilities)
  • Contract of sale

Bring these items when you come to see us

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%.

Credit eligibility criteria, terms and conditions, fees and charges apply. The Capricornian Ltd. ABN 54 087 650 940. AFSL/Australian Credit License 246780.

Please note this information does not take into account your personal circumstances and is general advice only. Before opening any Capricornian account, please read the Conditions of Use and decide if the account is right for you. Interest rates are subject to change without notice and should be verified with your local Capricornian Branch.

Application fees apply.

Lenders Mortgage Insurance (LMI) is required where the loan is greater than 80% of the value of the security property. This may vary based on the size and location of the property.

Additional repayments up to $10,000 without penalty in any twelve (12) month period. Applicable to fixed rate loans only

In Branch staff assisted redraw fee of $30 applies. Redraw is not available on fixed rate loan options.

Consider the relevant Target Market Determination (TMD).

Talk to us about your home loan and banking needs today

Tips to get in the know

Robin and Linda – Owners/Managers of CocoBrew, Rockhampton

The Capricornian went above and beyond in the service we received in a tricky loan situation. Very impressed! Thank you!

Robin and Linda – Owners/Managers of CocoBrew, Rockhampton