Living Equity Line of Credit

Features

If your looking for a revolving form of credit, you could consider using the equity you hold in your home as collateral with our Living Equity Line of Credit.

  • Can be used for large purchase transactions or as a revolving form of credit
  • Interest only option available for up to 10 years
  • Repayments are calculated monthly. You are able to make payments as frequently as you want within each month to pay the monthly amount due.
  • Loans from $20,000 to $500,000
  • Maximum term of 30 years
  • Package your eligible Line of Credit and Credit Card into our Home Advantage Package to save
Rates

Line of Credit*
4.86 % PA
New Owner Occupied Rate
Line of Credit in Package 
4.30 % PA
New Owner Occupied Rate in Package of $700,000+
Loan fees

Application Fee  $600
Monthly Fee $10
Settlement Fee $150
Loan Finalisation Fee $300
Transaction fees

A line of credit facility is a revolving form of credit secured against your property. This means you can draw on the funds within your approved available limit at any time. You can make transactions online, using a Visa Debit Card or with a chequebook (available on request).

Transaction Type 

Fee Per Transaction

Direct credits and debits Free
EFTPOS, Visa debit and Visa payWave
Free
Counter cash deposits, withdrawals, transfers and BPAY® Free
Heritage ATM withdrawals, transfers and balance enquiries Free
Cheque deposits and presented cheques Free
Bank@Post Transactions Free
Overseas ATM or counter withdrawals (Visa)  $5.00 plus overseas currency conversion fee
Building equity in your property
Having equity in your home means the value of your property is more than how much you owe on it. Check out our tips on building your equity and how you might consider using it. 
These articles may help you

We are here to help

Our specialists will help you find the right product and support you through every step of your Home Loan purchase.

Enquire now

Or call 13 14 22 to speak to an expert