Our Home Equity Loan allows you to fund home improvements, renovations, purchase a car or for another worthwhile need, by borrowing against the equity in your existing residential property.
Category: Home Loans Last Updated September 11, 2024 Effective November 1, 2024
General Lending Rates
Rates listed below are for a VARIABLE product. Additional Information Comparison Rate calculated on a secured loan of $150,000 over a 25 year term based on monthly repayments.
Interest Rate 8.24% PA
Comparison Rate 9.29%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.
Product Features
Digital Banking
Offset
OtherAdditional Information: Payments can be arranged weekly, fortnightly or monthly.
OtherAdditional Information: Loan Terms up to 10 Years.
OtherAdditional Information: Maximum loan to valuation ratio of 80% without Lenders Mortgage Insurance (LMI).
OtherAdditional Information: Available for owner-occupied and investment loans.
OtherAdditional Information: No early repayment fee for extra payments.
Product Eligibility
Min Age - 18.
Natural Person
OtherAdditional Information: Maximum loan to valuation ratio of 80% without Lenders Mortgage Insurance (LMI) or up to 90% where LMI is approved.
Residency Status - Loans Are Available To Members Of The Bank Who Are Permanent Residents Of Australia And Currently Live In Australia..
Bank Fees and Charges
Establishment Fee (Upfront), Amount: 250.00.
Document Fee (Upfront), Amount: 250.00.
Loan Maintenance Fee (Periodic), Amount: 10.00.
Other Credit Fees (Event), Amount: 0.00. Additional Information: Refer to our Fees and Charges brochure for information on other fees and chargs which may apply.