We moved into our house 3 ½ years ago, and not long after moving in a flyer was left in our letterbox about Charity First home loans. At the time we thought that would come in handy one day. Recently we refinanced with Charity First. The product they offered was comparable to products offered by any bank. All the team at Charity First are helpful and friendly. Our deciding factor in going with Charity First is that a charity of our choice received a donation.
A mission of our church was the recipient of our donation.

We would recommend Charity First to any person thinking of taking out a home loan, and would have no hesitation in using them again.

Paul & Fiona Crowley

Q. How do your loans differ from a bank loan?
The most important difference is that Charity First Home Loans is a Christian, not-for-profit business with all loan commission received going back into the community through registered charities and other not for profit organisations.
 
With 2000 home loan products to choose from we are confident our loan products provide the best possible value and service to our customers.  We offer:

  • Interest rate of TBA% (comparison rate of TBA%)
  • No application fees
  • No brokerage fees
  • An offset account that can save thousands in interest over the life of your loan
  • Unlimited transactions on the redraw offset account
  • A Visa Debit Card for EFTPOS & ATM usage
  • Banking, bill payment, money transfers via telephone and secure Internet banking
  • The flexibility to pay off as much as you want without penalty providing the loan is not re-paid in full within the first five years
  • You can always speak to a client service officer
  • You have a dedicated loan manager assisting you throughout as required
  • We are a member of MIAA (Mortgage IndustryAssociation of Australia), which means we comply with ethical lending
  • Our funding program is AAA credit rated by international rating agencies - you can't get any better than that!

 

Q. If I wish to pay up a loan early, is there a penalty?
If you pay off the loan earlier than the first five years the following exit charges would apply:

There is no penalty if you pay if off after this time.


 
Q. What fees and charges are payable by the person taking out a loan with your company?
We have very reasonable fees as follows:

You may also have to pay Loan Mortgage Insurance and Stamp Duty depending on loan situation.

 

Q. Who pays the commission that is donated to charity?
The commission is paid to Charity First from RPM Australia who funds our loans; this is paid when the loan is settled.


 
Q. Are there fees that you receive that are not classified as commission (i.e. how do you make a living)?
As Charity First Home Loans is a not-for-profit business it does not make a profit.  The costs of running Charity First are covered by RPM (Residential Property Mortgages Pty Ltd)

 

Q. How is Charity First funded?
Charity First is wholly funded by Residential Property Mortgages.

 

Charity First does not exist to make money, it exists only to help others through providing home loans and helping charities and other worthwhile organisations.

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