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If you want to use the equity in your residential property to fund some home improvements, renovations, or any other worthwhile need... then our Home Equity Loan will be best suited to you.
Our home equity loans also benefit from:
- no penalties for extra repayments
- your choice to make repayments weekly, fortnightly or monthly
- automatic repayments through direct debit
- maximum of a 10 year term
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 for renovations, to purchase a new car or any other worthwhile purpose.
If you’re interested in using the equity in your home to make home improvements or another worthwhile purpose, please contact your local branch, or call us on 1300 765 195.
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Interest Rate
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Fixed or Variable
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Establishment Fee
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$250
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Monthly Loan Maintenance Fee
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$5
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Deposit Required
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10%
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| Maximum borrowing amount - LVR* |
90%
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Term of Loan
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Max 10 years
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Repayments
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Weekly, fortnightly or monthly
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Redraw Facility^
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100% mortgage offset account
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