Refer a Friend

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Refer a Friend

How it Works

01
Refer a Friend
Refer a friend who needs a mortgage broker by filling in the short details form below.
02
We Contact Your Friend
We reach out and make contact with your friend and let them know they were referred to us by their friend, YOU!
03
Loan Process
Our amazing brokers do their thing and get your friends loan approved and settled.
04
Show Me The Money
Your friend’s loan settles and cha-ching, your $250 Visa debit giftcard is on its way. If your friend’s loan amount is 400,000 or more then they get one too.
Terms & Conditions Apply*
This offer is valid for home loans and/or commercial loans ONLY. Your full financial needs and requirements need to be assessed prior to any offer or acceptance of a loan product. Gift Cards will be issued after 30 days of the Settlement date. Your friend must hold this loan and must not Refinance out for the minimum of 18 month. In the event, if you refinance out the loan and claw back occurs, you will need to pay back the full amount to Lending Array.

Refer a Friend

Description

This interest only mortgage calculator helps you work out what your regular repayments during and after interest only period will be based on your loan amount. Repayments frequency can be changed to monthly, fortnightly or weekly. Calculate both Principal and Interest repayments for a loan term.

Assumptions
  • It does not take into account any possible up-front fees. Only Ongoing fees are used not Upfront or End of loan fees (i.e. discharge costs)
  • Interest rate does not change over the loan term.
  • Interest is calculated by compounding on the same repayment frequency selected, i.e. weekly, fortnightly, monthly. In practice, interest compounding frequency may not be the same as repayment frequency.
  • It is assumed that a year consists 26 fortnights or 52 weeks which is counted as 364 days rather than 365 or 366 days.
  • No rounding is done throughout calculation whereas repayments are rounded to at least the nearer cent in practice.
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