Under an EFM, you can get credits for value-enhancing home renovations that you undertake.

In particular, you can benefit from any increase your improvements add to the value of your property by asking for that amount to be taken into consideration later when your EFM repayment amount is calculated.
 This happens when you sell the property or repay the EFM for some other reason provided your improvements were approved before they commenced.
 Please note that the amount you spend and the value of your property must increase by at least $20,000 before approval for your improvement may be obtained.
 EFM approval is also subject to formal credit approval and compliance with the guidelines set out in the EFM Terms and Conditions Booklet .

 

 

 

EFM Disclaimer:
This website does not take into account personal objectives, financial situation or particular needs. Cuatomers  should obtain a copy of the “Equity Finance Mortgage (EFM) Disclosure Document” and the “EFM Terms & Conditions Booklet”, and consider them before making a decision about whether to enter into an EFM. A copy of the EFM Disclosure Document is available on this website. Fees, charges, terms, conditions and lending criteria apply. Full details are available on application.
EFMs are arranged by Rismark International Funds Management Ltd ABN 15 114 530 139. AFS licence no. 293881 (trading as Rismark International). Permanent Custodians Limited ACN 001 426 384 is the lender.
® Equity Finance Mortgage (EFM) and EFM are registered trade marks of ARES Capital Management Pty Limited ABN 93 113 861 046.
TM Equity Finance Mortgage is a pending trade mark of ARES Capital Management Pty Limited ABN 93 113 861 046..

ARES Capital Management Pty Limited’s intellectual property relating to the EFM product is protected by Australian Innovation Patent Numbers 2005 100 871, 2005 100 869, 20058 100 868, 2005 100 867, 2005 100865, and 2005 100 864.