Line of credit
A line of credit is a flexible transactional mortgage that allows you to access your funds through a variety of methods including credit card, cheque or EFTPOS.
A line of credit is a great option for those wishing to access the equity in their existing home for investment or other purposes such as renovations, a holiday or buying a car.
Lines of credit can also be great for debt minimisation. If you are responsible with your money you can have your salary directly deposited into the loan and use your credit card for day to day purchases. This card can then be swept to your line of credit before your interest free days expire.
|
The Homeloans Ultra Plus LOC is a fully featured line of credit offering a discounted interest rate in return for an annual fee. This option works best for those who may need access to extra funds from time to time, such as renovators and credit savvy investors.
Enjoy convenient access to your funds through EFTPOS, free ATM transactions via the NAB and Rediteller network, direct credit, cheque, internet and phone banking.
View more Homeloans Ultra Plus LOC features. |
|
The Homeloans Ultra LOC is a fully featured line of credit without an annual fee. This option works best for those who may need access to extra funds from time to time, such as renovators and credit savvy investors.
Enjoy convenient access to your funds through EFTPOS, free ATM transactions via the NAB and Rediteller network, direct credit, cheque, internet and phone banking.
View more Homeloans Ultra LOC features. |
|
The Homeloans MoniPower LOC is ideal for eliminating debt as quickly as possible by making your money work smarter for you. It allows easy access to funds via internet and telephone banking, cheque book, cashcard, ATMs, EFTPOS and giropost. Both a secured or unsecured VISA card is available with up to 55 days interest free. Salary and other direct credits can be paid directly into your home loan.
View more Homeloans MoniPower LOC features. |
|
The Homeloans ProSmart LOC is a traditional Line of Credit suitable for those who wish to reduce their debt as quickly as possible by crediting their salary to their home loan. A nil interest VISA account is available with the loan and the balance of this card is swept into the loan each month.
View more Homeloans ProSmart LOC features. |
Make an appointment
Frequently Asked Questions