What is LVR?
Learn more about Loan to Value Ratio (LVR), how it’s calculated and what effect it can have on your mortgage.
Learn more
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* | |
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New Owner Occupied Rate
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| Line of Credit in Package | |
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New Owner Occupied Rate in Package of $700,000+
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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.
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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.
Or call 13 14 22 to speak to an expert