Credit Impaired Loans are designed for customers who have had loan arrears, unpaid or paid defaults and judgements, or even a history of bankruptcy.

If you suspect that you may have a credit default or arrears registered against your name, you are able to check your own credit rating before applying for a home loan. To obtain your own credit history report click here www.mycreditfile.com.au

Generally the Loan to Value ratio (LVR) on Credit Impaired Home Loan is lower than that available to regular borrowers with a good credit history. However some lenders are prepared to lend up to 90% of the home value.

While Credit Impaired home loans are generally offered at a slightly higher interest rate and/or fee structure than the comparable "traditional loan", borrowers who take up a Credit Impaired Loan can generally expect a fully featured loan with options including redraw, line of credit, variable and fixed rates etc.