Line of Credit

This type of loan is an interest only variable rate home loan based around the equity you have in your property. A limit is established based upon the value of your property and you are then able to use the Line of Credit facility (much as you would a Credit Card) up to the approved limit.


– ability to draw on funds up to the pre-determined credit limit
– attractive option for investors to access money easily
– flexibility to make additional repayments when you choose


– generally attracts a higher rate of interest than Standard Variable rate as interest rates increase, interest payments are capitalised at the increased rate