Home Improvements

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 .

Fees, charges, terms, conditions and lending criteria apply. Full details are available on application. EFM loans have been developed by and will be provided by Rismark International Funds Management Ltd ABN 15 114 530 139. AFS licence number 293881 (trading as Rismark International). EFM loans are offered in conjunction with certain traditional home loans offered by approved lenders and their originators. Rismark has appointed Adelaide Bank Ltd ABN 54 061 461 550 AFS licence number 240516('Adelaide Bank') as an approved lender. Adelaide Bank and its originators ('Adelaide Bank originators') will distribute and manage EFM loans. Iden Group has been appointed as an Adelaide Bank originator. Rismark has appointed Permanent Custodians Limited ACN 001 426 384 ('Permanent') as lender of record, custodian and mortgagee for Rismark. This means Permanent will enter into the EFM loan contract and Mortgage on behalf of Rismark.® Equity Finance Mortgage (EFM) and EFM are registered trade marks of ARES Capital Management Pty Limited ABN 93 113 861 046.