Expat Home Loan
Firstmac’s Expat Home Loan is designed for eligible non‑residents investing in Australian property, offering a variable rate and great features. Borrow up to $1,500,000 (up to 80% LVR), choose principal and interest or interest‑only repayments, and benefit from an optional offset sub-account, redraw facility, and unlimited extra repayments.
- From (investment)
- 7.73%
- 7.79% comparison
Interest Rates
Investment — Principal & interest
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable | 7.73% | 7.79% | Loan-to-Value Ratio (LVR) |
Investment — Interest only
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable | 7.93% | 7.4% | Loan-to-Value Ratio (LVR) |
Fees
| Fee | Type | Amount |
|---|---|---|
| Application Fee No application fee is charged when setting up the loan. | Upfront | $0.00 |
| Valuation Fee A variable fee charged at cost to assess the value of the property used as security for the loan, starting from a minimum amount. | Event | From $221.00 |
| Documentation Fee A fee charged for preparing and processing the loan documentation required for settlement. | Event | $300.00 |
| Discharge Administration Fee A fee applied when releasing our mortgage to cover administrative processing of the discharge request. Waived if loan runs to term. | Exit | $300.00 |
| Settlement Fee A one-time fee charged at the time of loan settlement to cover processing and completion of the mortgage and funding of the loan. | Event | $300.00 |
| Discharge Documentation Fee A fee charged for preparing the necessary documentation when the loan is fully repaid and discharged. Waived if loan runs to term. | Exit | $250.00 |
Features
- Offset account
- An optional linked sub-account where the balance offsets the loan principal, reducing the interest charged.
- Redraw facility
- Enables access to any extra repayments made, allowing funds to be withdrawn if needed.
- Extra repayments
- Allows borrowers to make additional repayments on the loan to reduce interest and pay off the loan faster.
Eligibility
- Minimum age — 18 yearsApplicants must be at least 18 years old to apply for this loan.
- Residency status — Applicants who are Australian or New Zealand citizens residing and working overseas (expatriate)
Constraints
- The loan term cannot exceed 30 years. — P30Y
- The loan term must be at least 15 years. — P15Y
- Maximum limit — $1,500,000.00The maximum application amount available under this product is $1,500,000.
- Minimum limit — $50,000.00The minimum application amount that can be borrowed is $50,000.
- Maximum LVR — 80%The maximum LVR available under this product is 80%.
Published by Firstmac under the Consumer Data Right · Last updated 1 July 2026 · Product ID fmc-expat