Home Equity Loan
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
8.24% PA
Comparison Rate
9.29%PA*
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
- Other Additional Information: Payments can be arranged weekly, fortnightly or monthly.
- Other Additional Information: Loan Terms up to 10 Years.
- Other Additional Information: Maximum loan to valuation ratio of 80% without Lenders Mortgage Insurance (LMI).
- Other Additional Information: Available for owner-occupied and investment loans.
- Other Additional Information: No early repayment fee for extra payments.
Product Eligibility
- Min Age - 18.
- Natural Person
- Other Additional 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.
Document Downloads
brochure-account-access-facility.pdf (203.0 KB)
brochure-fees-charges.pdf (661.7 KB)
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