The Line of Credit has been designed to help investors maximise access to equity and optimise their investment opportunities. This fully transactional product offers multiple accounts and interest capitalisation within a global facility.
The global facility feature means that provided the total outstanding facility balance across all accounts remains below the total facility credit limit, individual account limits are only notional.
Standard residential loan purposes such as:
|Loan term||30 years maximum|
|Minimum loan amount||$150,000|
|Maximum loan amount||$2,000,000. Location and LVR restrictions apply.|
|Interest rate options||
There are no contractual monthly repayments required on the Line of Credit product. Payments can be made at any time. A payment will only be required to reduce the loan balance to be the same or less than the total loan limit when, on any given day, the combined balance of all accounts exceed the total loan limit.
|Loan variations||Are permitted and a product variation fee may apply. Macquarie will cover up to $600 in variation-related third party costs (one valuation up to $300 and solicitor costs up to $300. Excludes any statutory costs).|
|Loan statements||Statements are sent monthly in arrears, detailing transactions from the prior calendar month.|
New South Wales, Australian Capital Territory, Victoria and Tasmania
0405 131 062
South Australia, Western Australia, Northern Territory and Queensland
Alex Di Toro
0410 499 016