Line of Credit Loan
The Line of Credit is a fully featured revolving loan secured
by a first registered mortgage over residential property. It is designed for
high net worth individuals and couples attracted to the convenience of a line of
credit to fund their personal and investment purposes. Customers typically
are actively seeking to increase their wealth by paying off their loan as soon
as possible, or are investors that are borrowing to invest.
- 9.32% p.a. variable interest rate (comparison rate 9.39% p.a.* )
- No account keeping fees
- Free unlimited extra repayments and 100% offset
- ATM Access
This loan is a flexible loan that can accommodate a customer's changing
circumstances. It is available for any personal purpose with no further
application required to borrow funds within the credit limit, once the loan has
been approved.
Line of Credit Loan
| Purpose |
Revolving line of credit for personal use or to invest |
| Loan Type |
Owner Occupied or Investment property |
| Minimum Loan |
$50,000 |
| Maximum Loan |
$2,000,000 |
| Maximum LVR |
90% on standard residential property |
| Ongoing Account keeping fee |
No monthly or annual service fees apply |
| Term |
No Set Term |
| Redraw Facility |
Redraw available at no cost.
Amounts via debit card, chequebook and direct debit at a fee $1.50 per
transaction (only if more than 6 transactions per month) |
| Lump Sums |
Available at any time |
| Interest Only Option |
Full term of the loan |
| Fixed Rate Option |
Not applicable |
| Split Loan Option |
Not applicable |
| Repayments |
Interest only is paid monthly on anniversary day of drawdown |
| Features |
- Direct Salary Crediting
- Debit Card
- Phone Banking
- Cheque Book
- Portability provides for the loan to be transferred from one property to another
- Monthly statement
|
* Comparison rate is based on a $150,000 loan over 25 years.
Online Application - with our secure form it takes only 5 minutes to get an obligation free pre-approval.
