What’s a split home loan?
It’s when you separate your home loan secured by one property into two or more loans. Each split loan is customisable – choose fixed or variable, owner occupier or investment, P&I or IO and set different loan terms. You can split up to 10 loans against your property.
The feature that’s a 10

Hedge your bets
Split it to be part variable and part fixed.
Best of both worlds, you have peace of mind your interest rates and repayments won’t change during your fixed rate period. But if variable rates drops, only your variable rate loan will benefit from this.

Save with an offset
Split it and put unlimited additional repayments into your offset to reduce the amount of interest you pay on your variable loan balance.
The more money you put in, the less interest you'll pay.

Make extra repayments
Split it and make fee-free extra repayments to pay down your home loan faster.
Pay off as much as you want, when you want on your variable loan balance or up to 5% of your fixed loan balance per year.
Split for tax purposes
If you have an owner occupied property with equity available, you could split the loan against it to access equity for investment purposes.
Maximise your tax deductions on the investment loan with IO repayments and pay down that owner occupied loan sooner with P&I repayments.
Remember we’re not able to give you tax advice so make sure you speak to your professional adviser about the right strategy for you!
Consolidate debt and save
You could save yourself a tonne of money and stress, by transferring debt you have on higher interest rates into a split loan secured against your property and pay down that loan sooner.
Split it for debt recycling
Do you have extra repayments in an offset against your owner-occupied loan and you want to use the amount for investment purposes? Split it with our Limit Transfer feature to support your debt recycling strategy.
A limit transfer allows you to increase your investor loan limit and transfer the offset funds to this loan while reducing your owner-occupied loan limit.
Limit transfers could help structure your loan for tax purposes as the interest charged on the investment loan could be tax-deductible.
Property equity calculator
See how your usable equity can help you buy your next property.
⚡️ Check how much usable equity you have
⚡️ See how much you need to borrow for your new property
⚡️ Configure your loan structure to best suit you
Meet our Loan Experts
Our Australian loan experts are here 5 days a week to answer all your questions and help you submit an application for a split loan.
Book a time to talk now.
FAQs
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