The interest rate of your NHT loan is determined by the following income bands:
NHT Interest Rates
|
Income Band (weekly income) |
Interest Rate* |
|
Minimum wage to $30,000.99 |
0% |
|
$30,0001 to $42,000.99 |
2% |
|
$42,0001 to $100,000.99 |
4% |
|
$100,001 and above |
5% |
*Please note that where contributors are co-applying, the applicable interest rate for the loan will be calculated using an average of all incomes of the applicants. A single interest rate will be applied to the total loan amount as a single loan and the names of all borrowers will appear on the title.