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Fox Symes Home Loan Hotline 1300 551 236

Bad Credit Home Loans

Fox Symes is a leading provider of home loans to individuals in Australia. Fox Symes has a range of low cost home loans to assist you regardless of your credit history.

Do you have an adverse credit history, existing home loan arrears or credit card defaults? Are you self employed or do you have irregular income? Maybe you have too many debts and are finding it difficult to consolidate?

Fox Symes has assisted thousands of Australians with unique financial circumstances including bad credit.

Bad Credit Home Loans also know as non-conforming loans, credit impaired loans or specialty loans are mortgage loans for borrowers who may have unique financial circumstances which mean they are unlikely to meet or "conform" to the rules of traditional home loan lenders.

Bad Credit Home Loans are generally for borrowers who may have:

  • an adverse credit history
  • existing home loan arrears
  • credit card or personal loan arrears or defaults
  • self employed or have irregular income
  • too many debts and are finding it difficult to consolidate
  • been declined by another lender

Call Fox Symes now for a free phone consultation.

Loan Features

We offer a range of loan features which may include the following:

How much can you borrow? Up to $2 million
No ongoing fees Yes
Can you split your loan? Yes
Can you borrow for an investment property? Yes
Can you chose weekly, fortnightly or monthly repayments? Yes
Can you make additional repayments? Yes
Can you make re-draws? Yes
Can you make interest only repayments? Yes
100% offset account available Yes
Can you access the loan online? Yes

When applying for a loan make sure:

  • You are fully informed
  • Your repayments have been reduced - not increased
  • You are aware of all fees and costs
  • You have achieved control over all your debts
  • There is a real long term benefit to you
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Indicative Home Loan Savings Calculator Information

The Indicative Home Loan Savings Loan Calculator is a simplistic calculator which does not take into consideration the exact individual circumstances of the user. It calculates an approximate amount by which monthly repayments may be reduced and the interest savings based on a number of assumptions detailed below. The results from this calculator should be used as an indication only.

Assumptions

Monthly repayment reduced by

Compares the monthly repayment on the "home loan" assuming the remaining loan term is 30 years at the average standard variable rate of the big banks published by the RBA as at 02/12/2011 and the "other debts" are being repaid at minimum monthly repayment of 3% of the outstanding balance vs. the monthly repayment of the consolidated "home loan" and "other debts" assuming a Fox Symes 30 year home loan is provided at a rate 1% less than the average standard variable rate of the big banks published by the RBA as at 02/12/2011.

Interest Saved over life of loan

Compares the interest paid on the "home loan" assuming the remaining home loan term is 30 years at the average standard variable rate of the big banks as publicised by the RBA as at 02/12/2011 and the interest paid on the "other debts" assuming the "other debts" are amortised at 20% per annum over a 15 year period. vs. the interest paid on the combined "home loan" and "other debts" assuming a Fox Symes 30 year home loan is provided at a rate 1% less than the average standard variable rate of the big banks published by the RBA as at 02/12/2011.