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Equity Line – Owner Occupied

A line of credit set up using the equity in your home, which can be used at any time to help manage day to day expenses.

 

  • Entire salary can be credited into this loan reducing the interest
  • Line of credit can be topped up to approved limit at any time
9.29 % p.a. Interest rate

Product Features:

Home Loan Features
Minimum loan amount : No minimum
Maximum loan amount : 5,000,000
Maximum LVR : 80%
Maximum LVR with Lenders Mortgage Insurance : N/A
Get Ahead Start Guarantor (borrow up to 100% LVR) : No
Maximum loan term : 30 years
Interest calculation : Calculated daily, charged monthly
Repayment type : Interest only
Repayment frequency : Minimum monthly repayment is required
Establishment fee : $500
Monthly loan fee : $0
Package fee : $0
Extra repayments : Unlimited
Interest offset : N/A
Redraw : Yes
Pre-approval : N/A
Loan preparation fees : At cost
Increase/top up : Yes
Second mortgage security : Yes
Vacant land as sole security : Yes

Home loan calculators

Our handy home loan calculators can help you determine the amount you can borrow and what the monthly repayments may be.

View all calculators

calculators

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Footnotes:

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In the spirit of reconciliation G&C Mutual Bank acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today. We support the Uluru Statement from the Heart to achieve justice, recognition and respect for First Nations people.


Any advice or information on this site does not take into account your personal objectives, financial situation or needs and you should consider whether it is appropriate for you. Please review G&C Mutual Bank's Terms and Conditions before acquiring the product.

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