Your business or personal circumstances may mean that from time to time you have the ability to pay large lump sums off your loan. Similarly, you may need to borrow lump sums quickly but for only a short unspecified period.
If this is the case then a Line of Credit loan may be a solution for you. On such a loan you only pay the interest on the amount that is drawn down. A Line of Credit allows individuals to take their borrowing up to a pre-specified level, perfect for people with seasonal businesses, or those who receive income in large sporadic amounts.
A Line of Credit loan has all the features of the standard product with free internet and telephone banking. Additionally you may request a chequebook allowing you to release your equity as required.
If you would like to speak with one of our loan consultants call us on 1300 551 695. Alternatively if you would like us to call you, please complete the enquiry form.
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