At a glance…
- Use the equity you've built up in your home or investment property as a line of credit so you can build a sound financial future and achieve the lifestyle you want.
- All you need is 10% equity1 in your property and a minimum loan amount of $10,000.
| Features |
|
| Repayments |
No minimum monthly repayments. |
| Flexibility |
You decide how often and how much to pay off your loan (provided your total loan balance stays within your approved credit limit). |
| Easy Access |
Enjoy immediate access to your money via branch, phone or Internet Banking for any purpose you like (invest in a rental property, make home improvements, buy shares, etc). |
| Interest |
Any money in your Asset Line account earns interest, if the balance is in credit. |
| Easy to Manage |
The loan can be split into two accounts - one for personal use, one for investment purposes - with separate statements for each account2 |
| Transactions |
10 free Standard Transactions3 (including withdrawals, deposits and collections) per month, then 60c each. |
| Variable interest rate |
Asset lines have a Variable interest rate that can move up and down with the market. |
| Statements |
Statements are issued monthly. |
| Fees |
|
| Loan Establishment fee |
$600 |
| Mortgage Insurance (for loans over 80% loan to value ratio) |
If applicable |
| Monthly Account Keeping Fee |
$10 |
For a complete guide to the fees and charges on our loans, please download
the Lending
Fees and Charges brochure (PDF, 228kb) or obtain a copy from a
Suncorp
branch near you.
Notes
- If you have less than 20% equity in your property, lLenders Mortgage Insurance will be required and additional terms and conditions will also apply.
- Conditions apply. Available to approved applicants only.
- Bpay, external transfer fee and fee for transactions at non-Suncorp ATMs in Qld apply.
Product Disclosure Statement
Home Loan Offset Products are issued by Suncorp-Metway Ltd ABN 66 010 831 722. Please read the relevant Product Disclosure Statement before you make any decisions regarding any of these products. Contact us for a copy.
