Our Equity Loan Package is a line of credit account secured by your residential property. It allows you to access equity available on your home for a variety of purposes, such as extending the family home (renovations), purchase items such as a car or caravan, or even an extended holiday.
|Features||Fees & charges||Overview|
|Minimum loan amount||$50,000|
Up to 80% of the value of property offered as security.
|Maximum loan term|
Line of credit
Yes. You have the flexibility to split your loan to best suit your needs.
Yes. Pay off your loan faster and save on interest.
Yes. The ability to access your additional loan repayments is a feature of the line of credit or equity facility.
|Repay loan early|
Make additional payments and redraw on the variable portion of your loan.
No separate establishment fee applies.
Yes. Annual fee will be charged when your loan commences and on the anniversary date thereafter.
No. No monthly account-keeping fees.
Yes. Available as part of our Equity Loan Package.
|Visa credit card (optional)|
Yes. Option to choose from a Visa Gold or Silver credit card.
|Cheque book (optional)||$1 per cheque|
Yes. Optional cheque book will be linked to your Ezepay account.
Any advice has been prepared without taking account of your objectives, financial situation or needs. BankVic cannot provide tax advice. Before acting on the advice you should consider whether the advice is appropriate for you. Investment and taxation advice should be sought from an experienced adviser. Our financial planners may be able to assist with investment advice. Before you make any decision to acquire any product or service you should obtain and consider the relevant Product Disclosure Statement available on our website, at a branch or by calling 13 63 73. As an AFSL holder, BankVic sells general insurance products under an agreement with CGU Insurance Limited ABN 27 004 478 371 AFSL 238291. Terms, conditions, limits and exclusions apply. If you purchase insurance we will receive a commission that is a percentage of the premium. Fees and charges apply. Interest rates are variable and subject to change. Information on our terms & conditions, interest rates and fees & charges are available on request.