Line of Credit Loan

A fully flexible loan with a cheque book facility to allow unlimited access to your funds, for either owner-occupiers or investors. No ongoing fees.

How much can I borrow?

  • 80% LVR, for up to $750,000
  • 65% LVR, for up to $600,000
  • Minimum loan amount $50,000

Interest Rate

  • 7.53% p.a. with a comparison rate of 7.56% p.a.
  • Variable, with a separate fixed rate option by splitting the loan

Repayment Options

  • May be interest only for 30 years
  • Direct debit authority or Direct salary crediting
  • Your choice of weekly, fortnightly or monthly repayment options
  • Repayments may be capitalised on request for free, where the entire facility is less than 75% LVR

Term of Loan

  • Up to 30 years

Ongoing Fees and Charges

  • Nationwide charges no hidden or ongoing fees
  • No monthly, annual or any ongoing account keeping fees
  • Unlimited free transactions per month including redraws
  • Free loan splitting to fix interest rate on part of your loan
  • Free lump sum repayments whenever you like, except where the loan is fixed
  • Free internet and phone banking access

Fees and Charges to Set Up the Loan

  • $240 for Valuation, subject to property and location
  • $490 for Solicitor’s legal fee plus disbursements

What are the redraw conditions?

  • Redraw accessible through your choice of Cheque book (upon request), Internet, Phone, BPay, Direct Debit by Fax or Written request