Homeloans ProSmart Line of Credit
The Homeloans ProSmart Line of Credit is a fully transactional line of credit which is perfect for borrowers wishing to eliminate debt as quickly as possible by crediting their salary to their loan.
The facility comes linked with a nil interest VISA account which is swept to the loan balance at the end of each month.
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| 25 years |
- Purchase
- Refinance
- Debt consolidation
|
| Individuals |
| Borrow up to 90% of the purchase price |
| Variable |
| |
| Interest only (interest may be capitalised to 100% before payments are required) |
- Salary credit
- Direct credit
- BPAY
- Direct debit
- Cash or cheque deposits at Westpac, Bank of Melbourne and Challenge Bank branches
|
| Yes, package with the Homeloans ProSmart |
- Cheque book
- Internet and phone banking
- BPAY
- EFTPOS
- ATM
- Direct debt
|
| The Homeloans ProSmart Line of Credit comes packaged with a nil interest VISA account. The balance of the VISA account is swept to your line of credit account each month meaning you can directly deposit your salary into your loan account and use the credit card for your day to day expenses. Minimum $500 Maximum 3% of total approved line of credit limit, or $10,000 whichever is lower, or 3% of the total loan amounts (i.e. Line of Credit + other loan limits approved) to a maximum of $5,000. Note: Line of credit must be at least $30,000. |
| Yes |
| Yes |
| Yes |
| $150 |
All applications are subject to normal lending criteria, fees and charges may apply.