Wealth Access
A loan that allows you to access the equity in a property so you can purchase additional property, take a holiday or start a share portfolio. This loan provides flexibility over the use of the funds and repayment options.
| Minimum amount | $20,000 |
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| Maximum amount | $1,000,000 |
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| Monthly fees | None |
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| Purpose | Personal or investment |
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| Maximum term |
No fixed term |
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| Repayments | Account balance must be maintained below the credit limit and is repayable on demand. |
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| Property requirements |
Registered First Mortgage over Torrens, Strata or Old System title. Company title not acceptable. |
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| Loan-to-Property Valuation Ratio (LVR) |
- Maximum Loan-to-Property Valuation Ratio is 80%.
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| Specific fees |
- Establishment fee $745 (Conditions Apply).
- $95 loan discharge fee (per security)
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| Other characteristics |
- Periodic credits and debits available.
- Interest paid on credit balances.
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