Panel of Lenders

We have accreditations with the following lenders to give you choice and advice on hundreds of loans.

Loan Types

There are many types of loans on the market. The list below is a summary of the more popular ones. Some of these loan types can also be combined to give you a structure that is specific to your requirements. New Path will work with you and advise you on what is suitable. 

Variable Rate Loan

This is the more popular loan for home borrowers. It is a loan where the interest rate goes up and down depending on market movements.

Fixed Rate Loan

The interest on this loan is set or fixed for a period of time from 1 to 5 years. The loan repayments do not change during the chosen fixed period.

Interest Only Loans

This loan is popular with investors who do not wish to repay the loan principal for a period of time. The available interest only period is normally 5 years but some lenders extend to 10 years.

Line of Credit

This loan comes with a set credit limit allowing borrowers to draw on the funds as required. As funds are paid into the loan they can be redrawn again up to the loan limit.

Non Conforming Loan

This loan is for borrowers with credit blemishes or other type of credit situations that sits outside traditional bank policy. An interest rate premium is paid for these loans.

Low Doc Loan

This loan is for self employed borrowers that do not have their tax returns up to date but have other means to demonstrate income. 

Bridging Loan

This loan is for borrowers looking to buy a property prior to selling an existing one. The lender will loan a higher amount on the condition of future sale of the existing property.

Construction Loan

This loan is borrowers looking to construct or renovate a home or investment property. The loan amount is drawn progressively as the dwelling is built