Homeloans MoniPower Line of Credit
The Homeloans MoniPower Line of Credit is a transactional line of credit with the choice of reducing balance or interest only repayments for the first 10 years.
Maximise the equity in your home and use it for investment property, shares or other personal uses. A VISA is also available with Homeloans Monipower Line of Credit.
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| 25 years |
- Purchase
- Refinance
- Debt consolidation
- Equity release
- Business purposes+
- Vacant land
|
- Individuals
- Companies/ trusts
- Non residents^
|
| Borrow up to 90% of the purchase price |
| Variable |
- Principal & interest
- Interest only for up to 10 years
|
| Monthly |
- Salary credit
- Direct credit
- Bank@post
- Direct debit
|
| Yes, package with the Homeloans MoniPower |
| No |
- Cheque book
- Internet & phone banking
- Bank@post
- EFTPOS
- ATM
|
| Secured - Available for individual borrowers only (not available for companies or trusts)
- Maximum limit - $10,000
- Annual fee - $55 (55 days interest free)
Unsecured - Available for individual borrowers only (not available for companies or trusts)
- Maximum limit - $50,000
- Annual fee - $55 (55 days interest free)
|
| Yes |
| Yes |
| Yes |
| $150 per year |
+Up to 20% of the loan amount. Excluding working capital and the repayment of personal or business tax liabilities.
^Additional lending criteria apply
All applications are subject to normal lending criteria, fees and charges may apply.