Home Equity Loan
With a Home Equity Loan you can fund home improvements, renovations, a new car or any other worthwhile need, by borrowing against the equity in your existing residential property.
For example, your may own your house valued at $300,000. Our Home Equity Loan allows you to borrow up to 90% of the value of the property, which means you could borrow up to $270,000 to achieve your goal.
Features
- Variable interest rate
- No penalties for extra repayments
- Terms up to 10 years
- Choice of weekly, fortnightly or monthly repayments
- Automatic repayments through direct debit
Find out more
Call 1800 753 377 during office hours, or complete the form below to have one of our home lending experts contact you.
Fee | Amount |
---|---|
Establishment Fee
|
$250
|
Document fee
|
$250
|
Loan maintenance fee
|
$10
|
^^^Comparison Rate calculated on a secured loan of $30,000 over a 5 year term based on monthly repayments.
*WARNING: These Comparison Rates apply only to the example or examples given. Different amounts and terms will result in different Comparison Rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the Comparison Rate but may influence the cost of the loan.
Please be aware that variable interest rates may change at any time without agreement. All interest rates quoted are per annum. Fees and charges are payable. Normal lending criteria, terms and conditions apply and are available on request. Before acquiring this product, the information above should be read in conjunction with the following documents to determine if this product is right for you: Home Loan brochure; Account and Access Facility Conditions of Use; Fees and Charges brochure; Financial Services Guide; Loan Interest Rate Schedule;and Credit Guide.