with MASTERCARD and / or CHEQUE option

This facility is similar to an overdraft facility or credit card account, except that both principal and interest are repaid over time in regular instalments

Loan Size

From $30,000 to $2,000,000 per security property (conditions apply. If LOC is stand-alone Max amount is $500K LVR 80%)


30 Years Only


Interest Only for first 15 years (called the Revolving Credit Period) follow by Principal and Interest for the remainder of the loan term


Weekly, fortnightly or monthly.The full repayment has to be received by the 2nd working day of the month

Convert To Fixed Rate

At the end of the Revolving Credit Period, all or part of the loan can be converted to a fixed rate loan

Split Loan Facility

Up to 4 separate splits per facility.Transfer funds between splits using Inter Account Payment facility


Available when required.Minimum re-draw $50 when using Loan Service Line or Loan Service Net for all variable rate loans

Pay Anyone

Payment can be made to any bank, building society or credit union directly from your loan using a valid BSB and account number (excludes credit cards).

Card Access

A Card providing direct access to funds available in the loan is available for each Line of Credit account

Cheque Access

Cheque Book access to funds available in the Line of Credit account is available for each Line of Credit account.

Maximum LVR

90% for all loans (conditions apply)


No Monthly administration or ongoing fees

Application Fee

$395 (includes GST)

Deferred Admin Fee(DAF)

A DAF is payable based on the initial loan principal if the loan is fully discharged. This is scaled as follows:£ $500,000 – 0.80% 1st 4yrs, if > $500,000 – 1.00% 1st 5yrs

Security Discharge
Administration Fee(SDAF)

$350 is payable on full discharge of the loan – (effective 2 August 2004)

Government & Bank Charges

For example, mortgage duty, registration fees and property searches

Legal fees & disbursements

Client will pay costs associated with their own legal fees and disbursements

Other Conditions
  • At the end of the Revolving Credit Period any unused credit limit is cancelled and principal and interest payments are then made on the outstanding balance
  • All repayments to be made by electronic direct debit
  • Lenders Mortgage Insurance is required for all loans. Premium is payable by the borrower if the amount borrowed is greater than 80% of the value of the property (conditions apply)
  • Break costs will apply to fixed rate loans if fixed rate period is being broken
  • 1st registered mortgage over residential property required as security on all loans
  • Annual card fee of $35 is waived for the first year, also waived for subsequent years if credit card purchases exceed $8,000 p.a
  • Cheque Book available $20 for book of 30 cheques

This fact sheet provides general information only – Full details of the loan are set our in the loan agreement – Conditions, fees & charges apply.