Easy Access Loan
Owner-Occupied
- 5.21% pa
Interest Rate
BDCU Alliance Bank's Home Equity variable interest rate line of credit interest-only loan enables you to pay only the interest calculated on your home loan each month and as much of the principal as you choose, if any.
This provides extra flexibility for home owners who wish to reduce their commitment, or benefit from tax advantages.
Key features
| Home Equity Loan | |
|---|---|
| Fees | |
| Establishment Fee | $750 |
| Monthly Fee | $0 |
| Annual Review Fee | $80 |
| Key Features | |
| Minimum amount | $20000 |
| Interest charges | Calculated daily, charged monthly |
| Lump sum repayments | |
| Early repayment with penalty | |
| Free redraw facility | |
Important information
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Things you should know:
All loans are 1st mortgage secured.
The Establishment fee includes standard mortgage preparation costs $260 and one standard valuation cost $220. Additional solicitor and valuation costs apply for non standard or multiple properties.
Term and Conditions, loan fees and charges apply. All rates are subject to change. BDCU Alliance Bank lending criteria applies to all loans and applications are subject to approval. We recommend you read all relevant disclosure documents before acquiring the product.
