Aussie's Own Home Loans
Aussie Line of Credit Loan
Build your investment portfolio or enhance your lifestyle
The Aussie Line of Credit loan allows you to unlock the equity in your home to build your wealth or enhance your lifestyle, and features the added flexibility of a transaction account built into your home loan.
Our Line of Credit loan offers an interest only period up to 20 years with multiple splits allowed for maximum flexibility. There are no transaction fees on the account, so you have access to your money, whenever you need it.
The product has two different interest rate tiers. The higher your loan value, the lower the interest rate. All other features and benefits of this loan are the same across both tiers. The two value tiers for this product are as follows:
- $75,000- $349,999
- $350,000 +
The Aussie Line of Credit has the following features:
- A competitive variable interest rate.
- An Aussie Cheque Book to allow you to write cheques straight from your home loan account.
- An Aussie Debit Card providing access to your money via ATM and EFTPOS terminals nationally.
- An Aussie Deposit Card to make deposits at any branch of Australia Post or via BPay (telephone or internet) from a non-Aussie account.
- Direct Debits that allow you to automatically pay your bills such as your credit card, car loan, health fund, electricity etc, taking the time and stress out of regular bill paying.
- Multiple loan splits with separate statements to manage your finances.
- Monthly statements.
- No transaction fees.
Product information
| Interest Rate Type |
Variable or Fixed |
| Property Type |
Residential |
| Application Fee |
$500 |
| Valuation Fee |
$0 for first valuation, then $200 per property thereafter |
| Loan Settlement Fee |
$100 |
| Annual Service Fee |
$150 |
| Discharge Fee |
$715 in first 5 yrs, $215 for year 5+ |
| Deferred Establishment Fees |
$1,500 (Year 1&2) $1,000 (Year 3&4) $500 (Year 4&5) |
| Minimum Loan |
$75,000 |
| Maximum Loan |
No maximum |
| Maximum LVR |
90% |
| Maximum Loan Term |
30 years |
| Capitalised LMI |
Yes** |
| Repayment Types |
Up to 20 years Interest Only, then Principal & Interest |
| Repayment Frequency |
Fortnightly, Monthly (Interest Only = Monthly) |
| Repayment Method |
Direct salary credit, direct debit |
| Lump Sum/Additional Repayments |
Yes, unlimited |
| Redraw |
Yes, unlimited via ATM, EFTPOS, Direct Debit, Phone, Web, Cheque |
| ATM, Eftpos & BPay |
Yes, 4 Free per month |
| Split Loan |
Yes, with separate statements. Only one Variable portion will have Line of Credit functionality and access. |
| Switch to Fixed |
Yes, however one portion must remain variable and retain line of credit function and access |
| Portability |
Yes, $600 |
** Final LVR including Capitalised LMI cannot exceed 95%
Check out our interest rates or to apply for this loan:
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