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'Tide You Over' Home Equity Loan

You may never have to apply for another loan again. This mortgage account works like an overdraft where you allocate your income to reduce the outstanding balance. The more you pay in the sooner you pay off your mortgage, saving you thousands of dollars in interest. However if you have a large expenditure in one month then you can allocate less.

  • No monthly account keeping or service fees
  • Only pay interest on the portion of the overdraft used
  • Interest calculated daily and charged monthly
  • Optional loan repayment insurance is available

Key Features
Variable interest rate View our interest rates
Minimum amount $30,000
Maximum amount

70% of the property value
Loan period Continuing credit
Repayments Monthly
Interest charges Calculated daily, charged monthly on the portion of the overdraft used
Loan set up costs (Valuation & Solicitor) Max $875
Variable and lump sum repayments n/a
Early repayment without penalty n/a
Redraw facility n/a
Top up facility available Min $10,000
Monthly account keeping/service fees No
Free death cover (up to $120,000 per membership) Yes
Loan Repayment Insurance available Yes
Auto repayments (salary/account) Yes

More Information

Apply
Apply for a Home Loan.

Questions?

If you have any questions, please contact us.

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Any advice or information on this site does not take into account your personal objectives, financial situation or needs and you should consider whether it is appropriate for you. Please review our Conditions of Use and Financial Services Guide before acquiring the product.