Line of Credit Home Loans
Access your home equity with flexibility. Pay interest only on what you use, with the freedom to redraw funds as needed. Perfect for investors and high-income earners seeking smart financial solutions.
How Line of Credit Loans Work
Interest-Only Payments
Pay interest only on the funds you actually use, not on your entire credit limit, giving you maximum flexibility.
Flexible Access
Access funds via cheque or debit card whenever you need them, up to your approved limit, just like a credit card.
Redraw Facility
Any principal you repay becomes available to redraw, giving you ongoing access to your funds as needed.
How to Set Up Your Line of Credit
Assess Your Equity
We'll evaluate your current home equity and determine how much you can access through a line of credit facility.
Set Your Limit
Based on your equity and financial position, we'll establish your credit limit and set up your access methods.
Start Using Funds
Once approved, you can immediately start accessing funds via cheque or debit card for any purpose you choose.
Who Benefits Most
Line of Credit Home Loans are particularly beneficial for:
Investors
Perfect for investors who need ready access to funds for property acquisitions, renovations, or other investment opportunities.
High Income Earners
Ideal for high income earners who wish to reduce debt in their home at a much quicker rate while maintaining financial flexibility.
Important Note
Line of Credit Loans attract a slightly higher interest rate than a standard home loan, but offer greater flexibility in fund access and repayment terms.
Frequently Asked Questions
What is a Line of Credit Loan?
An Assured Home Loans Line of Credit is also known as an Equity Line or Revolving line of credit. It allows you to only pay interest on the money you actually utilise.
How do I access the funds?
Access to funds is usually by writing a cheque or using a debit card. You can use these funds for any personal purpose.
Are there set repayment requirements?
There are no set principal requirements. As long as you meet interest, fees and charges on a monthly basis, you can repay as much or as little as you like.
What's the interest rate difference?
Line of Credit Loans attract a slightly higher interest rate than a standard home loan, but offer greater flexibility in fund access and repayment terms.
Ready to Access Your Home Equity?
Discover how a Line of Credit Home Loan can provide the financial flexibility you need. Our experts are here to guide you through the process.