Housing loans

Mortgages, loans for alterations, refurbishments, matrimonial settlements

Security-backed loans to assist in the purchase, alteration, extension, upgrade of property and matrimonial property settlements are available.


Lending Policy

Applicants will be expected to have applied in the first instance to lending institutions such as banks for mortgage funds. As a general rule, where other avenues of funding are not available or affordable.


The maximum amount of "top up" finance advanced will depend on the applicant's individual circumstances and also on the amount of Paraloan funds available at the time of application.


Paraloan may, in special circumstances, consider first mortgage advances.


Equity and affordability

Overall lending may not exceed 90% of the value of the property. This includes first, second and subsequent mortgages.


Repayments of loans, council rates and house-owner's insurance should not exceed one-third of the applicant's gross income.


See also

Vehicle loans

Self-employment loans

Contact us


Quick facts

  • Loans must be secured
  • Lender of last resort
  • Minimum 10% equity required