'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
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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
- Read the benefits of our Home Loans
- Need answers? Read our list of FAQs
- Use our Loan Calculator to work out what loan is right for you
- Find out more about our Loan Repayment Insurance
Apply
Apply for a Home Loan. 
Questions?
If you have any questions, please contact us. 
