Living Equity

If your client needs a line of credit, why not look to use the equity they hold in their home as an asset? They can use this equity for additional borrowing for property or share investments, education, or holidays. It can also act as a general line of credit.

Living Equity - Owner-Occupied

4.86 % PA
Rates effective from 09/04/2021
  • Minimum loan amount from $20,000
  • Free internet, phone and mobile banking
  • eStatements available
  • Periodic payments can be set up from the loan
  • Up to 5 separate loan accounts are available (sub accounts)
  • LMI is included in limit
  • Introductory loan only (cannot switch into)

All Heritage Products have these great features

  • Interest is calculated daily
  • Direct Salary credit to loan
  • Available for Australian or New Zealand citizens who are living in a country other than Australia (Non-residents)
  • Transaction accounts with $0 monthly account keeping fee and no fees on our network of over 10,000 ATMs across Australia^
  • LMI is applicable when LVR is more than 80%
  • LMI can be capitalised - max 95% LVR for Owner Occupied loans and max 90% LVR for Investment loans
  • Internet and phone banking are available
  • Can switch between all products except into Living Equity and Bridging Loans
  • Repayment method – minimum monthly repayment can be paid at any time during the month
  • Additional repayments can be made, with no maximum repayment amounts
  • Progressive Valuation Fees apply (excludes Living Equity and Bridging Loan) – ask your BDM