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Homeloans Accelerate

The Homeloans Accelerate has been specifically tailored to suit the needs of borrowers who fall outside the mortgage insurance and banking guidelines.

Types of borrowers that may fall into this category include: self-employed borrowers, credit impaired borrowers, contract workers and other applicants who do not fit into mainstream products, or borrowers who have reached their exposure with mortgage insurers..

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Homeloans Accelerate features 
Loan term
  • 40 years
Loan purpose
  • Purchase
  • Refinance
  • Debt consolidation
  • Equity release
  • Business purposes
Borrower type
  • Individuals
  • Companies and trusts
Deposit required
  • Borrow up to 90% of the purchase price
Interest rate options
  • Variable
Repayment frequency
  • Fortnightly
  • Monthly
Repayment type
  • Interest only
  • Principal interest

Repayment options

  • Salary credit
  • Direct debit
  • BPAY
  • Direct credit
  • Cash or cheque deposits at Westpac, Bank of Melbourne and Challenge Bank branches
Access to funds
  • Cheque book
  • Internet and phone banking
  • BPAY
  • EFTPOS
  • ATM
Additional repayments Yes
Internet and phone banking Yes
Loan portability Yes
Ongoing fees $15 per month

All applications are subject to normal lending criteria, fees and charges may apply.

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