Line of Credit Home Loan (LOC)

June 23, 2015

The Line of Credit (LOC) is the ‘King of Flexibility’. LOC’s are generally evergreen facilities, ie there is no term or end date to the loan. The borrower can use as much or as little of the LOC limit as they would like and only pay interest on what you actually use. Large lump sum repayments can be made at any time and then these funds can be redrawn for another personal purpose.

With cheque book, internet, phone & ATM access to funds LOC’s are the perfect loan product for:

  • Share and managed funds investors
  • Borrowers who wish to operate their own mortgage minimisation program. (see your financial advisor before embarking on a mortgage minimisation program)
  • Borrowers who do not require the total loan proceeds all at once and wish to progressively draw down the loan.


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