Interest Only Loans used to be the loan of choice for investors due to lower loan repayments (as the repayments don’t include paying off the principal amount) and to maximise negative gearing. With the recent increase in Interest Only interest rates, your new weekly repayments are close to the repayments you would make on a Principal & Interest loan, where you have the advantage of also paying down the principal debt.
Check your latest statements and compare it to our chart.
We think that it is crucial for all investors with interest only loans to consider their portfolio and seek expert advice to find out if an interest only loan is still their best choice.*
Call (08) 9200 1841 or send an email to info@tickfinance.com.au, we will contact you for your personalised loan advice, at no cost to you.
