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First Permanent Home Loan

First Permanent is a subsidiary of Merrill Lynch, one of the world’s largest investment banks. First Permanent are the specialist no deposit home loan lender in Australia and offer a very unique range of finance products for residential property purchasers.

About First Permanent

The first 100% 'no deposit' loan was settled by First Permanent on 30 November 2000. Since then the company has put thousands of borrowers into their first homes with 'no deposit', lending 100% of the purchase price.

establishmentloan from First Permanent is a new and unique home loan product aimed specifically at the first home buyer, which allows residential property purchasers to borrow over 100% of the purchase price*.

The next logical step was to recognise the demand for a unique loan product which offers investors the ability to borrow funds at over 100% of the purchase price*.

As a result, establishmentloan and investorloan have been created to ensure that both the first home buyer as well as subsequent home purchasers and residential property investors are able to borrow the additional necessary funds to meet associated costs incurred such as stamp duties, legal's etc, when purchasing residential property.

Who is behind establishmentloan & investorloan?

establishmentloan and investorloan is the brand name for the loan developed and initially owned by First Permanent Financial Services Pty Limited.

Who is First Permanent?

First Permanent is Australia's only specialist no deposit lender and was established in 1994. In the last 6 years alone, First Permanent has lent over $1 billion in no deposit home loans, mainly to investors and first home buyers without a deposit. First Permanent obtains its funding from the world's largest investment bank, Merrill Lynch. First Permanent also raises funds in the wholesale capital markets via bond issues rated by Standard & Poor's, a prominent international ratings agency.

First Permanent Home Loan Products
 

*Terms and conditions apply.