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Homeloans Ultra Plus Line of Credit

The Homeloans Ultra Plus Line of Credit is a fully featured line of credit offering a discounted interest rate in return for an annual fee. Providing access to extra funds when you need it, this loan works best for renovators and credit savvy investors with larger loan amounts.

Enjoy convenient access to your funds through EFTPOS, free ATM transactions via the NAB and Rediteller network, direct credit, cheque, internet and phone banking.

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Homeloans Ultra Plus Line of Credit features
Loan term 25 years
Loan purpose
  • Purchase
  • Refinance
  • Debt consolidation
  • Equity release
Borrower type
  • Individuals
  • Companies/ trusts
  • Non residents^
Deposit requirements Borrow up to 90% of the purchase price
Interest rate options
  • Variable
  • Interest only
Repayment frequency
  • Weekly
  • Fortnightly
  • Monthly
Repayment options
  • Salary credit
  • Direct debit
  • BPAY
Split product option Yes, package with the Homeloans Ultra
Redraw Yes, available via phone and internet banking, ATM, EFTPOS, direct credit
Additional repayments Yes
Internet and phone banking Yes
Loan portability Yes
Ongoing fees $330 per year

^Additional lending criteria apply
All applications are subject to normal lending criteria, fees and charges may apply.

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