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Ministry Loans

Putting home ownership within reach for ministry workers

We’re here to help with our innovative home ownership solutions

With other lenders often having a one-size-fits-all approach to lending and ministry workers tending to earn lower salaries, many are locked out of the housing market. Not only that, but those thinking about joining the ministry are starting to look elsewhere, alongside many ministers retiring with no housing certainty.

Why borrow from us

Enabler home loan
10
%
  • Comparable rates.
  • Compassionate loans that account for all income streams, including housing allowances.
Rental property assist
20
%
  • For those wanting to stay in the church manse or are unable to purchase in the area they live in.
Co-ownership
0
%
  • Limited partnership model - Ministry worker and investor own units in Limited Partnership which owns the property.
  • Minister and investor determine length of agreement.
  • Minister responsible for rates, insurance, and maintenance.

We seek first to understand, then provide a solution that works for you

Our approach is people first, not products. This means we start by getting to know you and your unique situation, then work together to find the best way to support you with our range of offerings. We’re always open to new ideas too—we’d love to hear from you if there's something we can improve or create to meet your needs.

Not quite there yet? We’re ready to get you mortgage-ready

Rather than simply declining an application that doesn't meet the criteria, we provide another layer of support. By partnering with other organisations, we can refer you to people who can help with things like debt consolidation, budgeting guidance, and financial education to help you get on track and achieve your goals.

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Current loan interest rates

Ministry loan

We have a range of interest rate options to better suit your needs.

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1 Year Fixed
4.90
%p.a
Floating
5.59
%p.a

Fees

Fee
Amount
Timing of payment
Dishonour Fee (if a direct debit fails due to the fault of the Borrower)
$20 per dishonour
Payable on the next Interest Payment Date or recollection of the missed payment, whichever comes first
Discharge of Mortgage (including if a mortgage is discharged because the Borrower refinances)
$50 plus any disbursements
Payable upon discharge
Fixed Rate Early Repayment Fee(upon full or partial prepayment of a Loan that has a Fixed Interest Rate)
The amount calculated in accordance with Regulation 9 of the Credit Contracts and Consumer Finance Regulations 2004 (as appropriate for a full or part prepayment, as applicable)
Payable at the time of full or partial prepayment.

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