Advantage Plus Line of Credit
 Interest Only Line of Credit that enables you to maximise the equity in your home and use it for investment property, shares or other personal use.
Interest only payments may be required for the first 10 years of the loan term on this fully transactional line of credit.
What is required for the final payments
Building is generally Advantage Plus Line of Credit may be taken out in combination with:
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A fixed Rate Loan or |
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A 100% Offset Term Loan |
Minimum $10,000 per split account with maximum 4 accounts per transaction.
Repayment Options
Interest only payments are due monthly for the first 10 years, calculated on the monthly statement.
Principal & Interest repayments are due monthly for the remaining 15 years.
Unregulated loans are not required to make the monthly payment if the loan’s available limit is greater than the interest debited on the monthly statement.
Quick and Easy Access to your Funds
Quick and easy access to your available funds through Online & Phone Account Management Systems, any ATM or EFTPOS, Bank@post, VISA card and optional Cheque book.
Salary and other direct credits can be paid directly into the loan. Loan term and interest paid can be reduced because interest is calculated daily on the balance.
Acceptable Loan Purpose
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Purchase or refinance an owner-occupied or investment property |
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Debt Consolidation |
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Equity loans for investment or personal purposes
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Loans for business purposes up to 20% of the loan amount (excluding working capital and the payment of personal or business tax liabilities)
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Note: The following loan types are not available:
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Building Progress Payment Loans |
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Go-Between Loans |
Product Features at a Glance
Minimum Loan Amount
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$50,000 |
Maximum Loan Amount
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$5,000,000 |
| Maximum LVR |
90% Interest Only
(Plus capitalised LMI)
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| Loan Terms up to |
25 years
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| Interest Only up to |
10 years
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Split Loans Available
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Online & Telephone Account Management System
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Direct Debit
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Direct Salary Crediting
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Monthly Loan Statements
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Secured VISA Card optional
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55 days interest free with same interest rate as the Line of Credit. Annual card fee is $30. Maximum limit $10,000 |
Cheque book optional
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ATM access through all ATM’s
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Unrestricted Additional Repayments
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Administration fee
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$150 per annum |
2nd Mortgage over supporting property may be considered
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Loan is portable to another security property
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Interest Calculation
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Daily on closing balance |
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