With our feet planted within the local community, Grass Roots is your personal finance partner.

Home loans

A residential home loan is usually the largest personal debt an individual will take on in their lifetime. A home loan is a secured loan, which means that the borrowed amount is “secured” by the property being purchased. The lender has the right to repossess the home if the loan is unpaid. Home loan interest rates can be fixed, variable, or a mixture of both.

Vehicle loans

A vehicle loan is a loan specifically to purchase a vehicle, most commonly a car. It is known as “car finance”. The underlying asset securing the loan is the vehicle being purchased. The lender has the right to repossess the vehicle if the loan is unpaid.

Unsecured loans

An unsecured loan is where you don’t have to provide an underlying asset (such as a car or home) as security. The interest rate for an unsecured loan is higher than for a “secured” loan – i.e. a loan that has an asset securing it. You may need a loan guarantor, and if you do not repay the money a lender can take you to court to repay the money you borrowed.

Investment loans

You can borrow funds in order to invest. The monies can be invested in a building a business (a business investment loan), to invest in the share market (commonly through a margin loan) or to invest in land, houses, apartments or commercial property (an investment property loan). They are generally secured loans. Investment loans are a complex area, so it’s worth talking to us first.