Equity Loan Package

Our Equity Loan Package is a line of credit account secured by your residential property. It allows you to access equity available on your home for a variety of purposes, such as extending the family home (renovations), purchase items such as a car or caravan, or even  an extended holiday.

FeaturesFees & chargesOverview
Minimum loan amount
 $50,000
Maximum borrowings
 

Up to 80% of the value of property offered as security.

Maximum loan term
 

30 years

Loan type
 

Line of credit

Split loan
 

Yes. You have the flexibility to split your loan to best suit your needs.

Additional repayments
 

Yes. Pay off your loan faster and save on interest.

Redraw facility
 

Yes. The ability to access your additional loan repayments is a feature of the line of credit or equity facility.

Repay loan early
 

Make additional payments and redraw on the variable portion of your loan.

Loan portability
 

Yes.

Establishment fee
Nil

No separate establishment fee applies.

Annual fee
$375

Yes. Annual fee will be charged when your loan commences and on the anniversary date thereafter.

Monthly fee
Nil

No. No monthly account-keeping fees.

Ezepay  account
 

Yes. Available as part of our Equity Loan Package.

Visa credit card (optional)
 

Yes. Option to choose from a Visa Gold or Silver credit card.

Cheque book (optional)
$1 per cheque

Yes. Optional cheque book will be linked to your Ezepay account.

BSB: 704 230

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