Line Of Credit Home Loans

Line of Credit home loan you’ll enjoy easy access to your home equity. You can access funds up to your approved credit limit via ATM, EFTPOS and chequebook.

Your salary can be paid directly into the loan account and you can access the balance of the loan at any time - like a credit card. You can use these funds to purchase shares, go on holiday, buy a new car, start home renovations or so much more!

Pros:

  Use the money you need and pay it back when you can
  Extra repayments are allowed at any time.
  Interest rates tend to be lower than credit cards or personal loans

Cons:

  Possibly reduces equity in your residential property
  The interest rate is usually higher than Traditional Variable Rate and Low Frills Loans