Continual credit
No set repayments
Borrow up to 80% of the value of your property
Our Line of Credit is an overdraft facility that provides you with the ability to continually draw up to your credit limit at any time for your home, car and other credit requirements.
Its flexibility allows you to pay off as much or as little as you like (provided the Line of Credit remains under the credit limit), and provides you with a continual source of credit without having to worry about extra application or establishment fees.
This credit facility is designed to suit almost everyone, whether you’re buying or building an owner-occupied home, renovating, refinancing, investing, or simply want to use the equity in your property to make large purchases and pay bills.
We lend up to 80% of the value of your property/ies.
Features
- Continual credit facility
- No set repayments (interest only repayments are required if you reach your limit)
- Automatic payroll deduction directly into the Line of Credit to reduce any interest charged
- Access to your funds via: phone banking, online banking, branches, cheque, ATM & EFTPOS, BPAY®
Rates & Fees
| Product | Interest Rate | Interest only |
|---|---|---|
| Line of Credit | 4.94 Interest rate | N/A |
| Discounted Line of Credit | 4.44 Interest rate | N/A |
Effective date from Monday 6 April 2020 |
| Fees | |
|---|---|
| Establishment fee | $250 |
| Document fee | $250 |
| Annual fee | $100 |