Revolving Line Of Credit
Could you benefit from using additional funds to make an investment? Renovate your home? Enjoy a family holiday? If you have equity in your home, or a residential investment property, then you can apply for an Arab Bank Australia Revolving Line of Credit.
- Minimum amount $20,000
- Maximum amount is 90% of the value of the property
- Loan Mortgage insurance (LMI) is required if amount borrowed is more than 80% of the value of the property
- 24 hour access to your funds through EFTPOS, ATM, cheque or aba.online
- Interest only repayments
- No set repayment schedule
- Borrow up to 90% of a property's value (subject to approved Mortgage Insurance)
- Deposit your salary or any other income you earn directly into the facility
- Every dollar deposited into the facility immediately reduces interest payments
- Highly competitive rate of interest
Is this loan right for you?
Our Line of Credit turns equity you have in a residential property into a ready source of funds you can use for any personal purpose. You can use these funds (up to an agreed limit) as you would a credit card, and any repayments you make are accessible at any time.
Alternatively, for those looking to buy new property or refinance an existing home loan, our Revolving Line of Credit could also be suitable for you.
All applications for loans are subject to Arab Bank Australia Limited's normal credit approval criteria. Terms and Conditions apply. Fees and Charges apply. To the extent that any material on this page could be construed as general advice, it has been prepared without taking account of your objectives, financial situation or needs. Because of this, before acting on any advice, you should consider its appropriateness, having regard to your objectives, financial situation and needs.