Line Of Credit

Line Of Credit

A Line of Credit is a flexible credit facility secured by a mortgage. Similar to a credit card, it allows you to withdraw funds up to your set limit at any time. You can use the line of credit account just like a bank account, depositing your salary into it and making withdrawals as required.

This fully transactional account gives you access to available funds 24 hours a day, 7 days a week.

You have total control over how much you use and when you use it, and you only pay interest on what you have spent.

What else does the product offer?

  • Nil interest visa card with auto monthly sweep
  • Make unlimited additional repayments at any time
  • Unlimited redraw – Free of charge
  • Owner-occupied or Investment properties
  • Internet, phone and BPay access
  • Additional repayments
  • A linked Secured visa card option up to $20k