Line of Credit

Standard residential loan purposes such as:

• Purchase or refinance an owner-occupied or investment property.
• Equity loans for investment or personal purposes.

• Interest capitalisation
• Global facility
• Cash card
• Deposit card
• Cheque book
• Up to ten accounts (splits) after settlement (fees may apply)
• Online and phone banking
• Expanded income verification available

• Variable rate
• One to five year fixed rates

• Calculated daily on closing balance.
• Charged to the loan account on the first business day monthly in arrears.

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.

Interest only
The Line of Credit has a 30 year loan term made up of two periods, these are:

• Interest only repayments for the first five years. Maximum LVR of 90%. Following the initial interest only term of five years, loans may be extended to a maximum ten year interest only term from the original settlement date, subject to meeting certain lending criteria. A product variation fee may apply. Principal and interest repayments for the remaining 20-25 years.