Welcome to Zagga
Zagga (Australian Credit Licence 490904) is a fully-licensed Australian marketplace lender who has teamed up with TWT Property to offer buyers of new TWT properties a fast, simple and flexible alternative to traditional borrowing channels. Our flexible lending criteria, coupled with larger loan sizes, means we can help more borrowers. Fast.
Introducing the Zagga Link Loan
Buying a new property is exciting but everyone’s financial situation is different. You may have cash tied up in other property or investments and just can’t get your cash flow to meet your requirements now.
This is where Zagga’s Link Loan comes in. Available exclusively to buyers of new TWT properties, this short-term, bridging loan can provide that much needed solution for those who may need an alternative financing option to help them settle on that new property.
Fill in your details and we’ll be in touch.
Why the Zagga Link Loan?
From 5.45% p.a.* Comparison Rate 5.568% p.a.^
* for qualifying applicants, T&C’s apply
|Minimum loan amount||$250,000|
|Maximum loan amount||$1,500,000|
|Term||12 months (plus a further 12 months subject to approval)|
|Interest rate||Fixed for 12 months. This rate is renewed if the loan is extended for a further 12 months|
|Interest payments||In Year 1: 12 months’ interest capitalised to the loan at settlement
In Year 2: 6 months’ interest capitalised up-front for each 6-month period
|Principal repayments||Allowed, but in first year, 12 months’ interest is non-refundable and, in year 2, 6 months’ interest is not refundable for each 6-month period, and is calculated at the full principal drawdown (repayments don’t reduce the interest payable)|
|Loan to Value Ratio||Up to 75% of the assessed value of the property for qualifying applicants|
|Legal Fee||$1,500 + disbursements|
|Monthly Account Keeping Fee||$10 per month|
|Mortgage Discharge Fee||$400 paid when the loan is discharged and closed|
|Platform Fee||0.50% on full loan amount including capitalised interest|
Click Apply now to access the Zagga Link Loan and open the door to a fast, simple and flexible alternative to traditional borrowing channels.