Living Equity Line of Credit

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 repayments 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.
• Available funds can be drawn on at any time, up to your approved credit limit, with Heritage Online, our Mobile Banking App, a Visa Debit Card or chequebook.
• Maximum loan term of 30 years.
• Package your eligible Line of Credit and Credit Card into our Home Advantage Package to save with discounts on interest rates and fee waivers.

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).