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Line of Credit Home Loans
A revolving line of credit that is secured against a property. It becomes a fully functional account so if cash is needed the borrower draws against that limit by either a debit card or cheque. The borrower can withdraw funds at any time up to the limit however; they are required to at least cover the interest and fees on the loan when making payments. >>More
| Lender |
Rate |
Comparison Rate |
App Fees |
Monthly Repayment |
| Line of Credit Home Loan - Choicelend - Equity Plus Full Doc (Special <=65%) |
 |
6.60% |
6.6% |
$0 |
$1,916 |
 |
| Line of Credit Home Loan - Choicelend - Equity Plus Full Doc |
|
6.70% |
6.7% |
$0 |
$1,936 |
|
| Line of Credit Home Loan - HomeSide Lending - Peak Performance >$250K |
 |
6.72% |
6.8% |
$600 |
$1,940 |
|
| Line of Credit Home Loan - NAB - Home Equity LOC |
 |
6.72% |
6.81% |
$600 |
$1,940 |
|
| Line of Credit Home Loan - Home Loans Ltd - Premium Full Doc LOC Pro Pack Discount <=65% |
 |
6.74% |
6.91% |
$199 |
$1,944 |
|
| Line of Credit Home Loan - The Rock Building Society - 1 yr fixed LOC |
 |
6.79% |
7.64% |
$600 |
$1,954 |
|
| Line of Credit Home Loan - Home Loans Ltd - Premium Full Doc LOC Discount <=65% |
|
6.84% |
6.86% |
$199 |
$1,964 |
|
| Line of Credit Home Loan - ANZ - Portfolio Equity Manager $700K+ (0.70% Disc) |
 |
6.86% |
7.11% |
$750 |
$1,968 |
|
| Line of Credit Home Loan - Home Loans Ltd - Premium Full Doc LOC |
|
6.94% |
6.96% |
$199 |
$1,984 |
|
| Line of Credit Home Loan - Xplore - Advantedge Full Doc Line Of Credit |
 |
6.94% |
6.96% |
$300 |
$1,984 |
|
| Line of Credit Home Loan - ANZ - Portfolio Equity Manager $250K<$700K (0.60% Disc) |
|
6.96% |
7.21% |
$750 |
$1,988 |
|
| Line of Credit Home Loan - Australian First Mortgage - Complete Option LOC Variable |
 |
7.02% |
7.04% |
$695 |
$2,000 |
|
| Line of Credit Home Loan - Australian First Mortgage - Flexible Option LOC Variable |
|
7.05% |
7.13% |
$495 |
$2,006 |
|
| Line of Credit Home Loan - ANZ - Portfolio Equity Manager $150K<$250K (0.50% Disc) |
|
7.06% |
7.31% |
$750 |
$2,008 |
|
| Line of Credit Home Loan - Heritage - Living Equity |
 |
7.12% |
7.19% |
$600 |
$2,020 |
|
| Line of Credit Home Loan - Home Loan Centre Australia - Balanced Home Line |
 |
7.19% |
7.27% |
$495 |
$2,034 |
|
| Line of Credit Home Loan - The Rock Building Society - 3 yr fixed LOC Special Offer |
|
7.19% |
7.6% |
$600 |
$2,034 |
|
| Line of Credit Home Loan - HomeSide Lending - Peak Performance $150K>$250K |
|
7.25% |
7.33% |
$600 |
$2,047 |
|
| Line of Credit Home Loan - BankWest - Equity Access |
 |
7.28% |
7.41% |
$0 |
$2,053 |
|
| Line of Credit Home Loan - The Rock Building Society - 2 yr fixed LOC |
|
7.29% |
7.65% |
$600 |
$2,055 |
|
About a Line of Credit
Q. What is a line of Credit?
Q. How does this work?
Q. How is this different from a Home Loan?
Q. Do I qualify for a Line Of Credit?
Q. Is the Interest Tax Deductable?
Q. Can I consolidate my Debts with it?
Q. Can I use it to Renovate?
>>More
Advantages
- Savings are accessed by cheque or ATM card linked to the loan.
- Salaries and savings are deposited into this loan to reduce the interest charged.
- Extra repayments are allowed.
Disadvantages
- If undisciplined with savings this loan can get out of control.
- The interest rate is usually higher than Variable Rate and Basic Loans.
To determine the right loan for you, there is more than just interest rates and fees to consider. You must find out;
- Is this loan type suitable for me?
- Does this loan have the functionality I require?
- Can the lender provide the level of service you require?
Our fully qualified professional mortgage brokers can help you with this and source the lender that best suits your needs. We do not charge a broker fee for this service.
The comparison rate applies only to $300,000 with a loan term of 30 years. The loan amount and term will affect the comparison rate calculation. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate calculation but may influence the cost of the loan.
This rate is to be used as a guide only and we recommend that you confirm it with us before acting upon it.
The information provided in this website is a guide only and may not be complete for your purposes.