Line of Credit Loans are interest only variable rate loans that have full flexibility attached to them such as cheque books and credit cards. These are ideal for wealth most line of credit loans offer interest capitalisation features, provided that the borrower has sufficient equity in the loan account no minimum repayment is required. Line of credit rates are generally higher than standard variable rate term loans. These accounts provide you with a "reserve" of credit on your account, than can be drawn down at any time. Some line of credit loan accounts have more flexible repayment alternatives, providing a benefit of allowing you to manage your cash flow better. Most lenders charge extra for line of credit accounts, either by way of a facility fee, undrawn funds fees and/or a higher interest rate. In many cases, a standard loan with redraw can provide features similar to a line of credit at lower cost, so make sure you compare the options carefully

Applicant type	Individuals, Companies, Trusts.
Employment requirements	P.A.Y.G. must be full-time or part-time permanent. If Self-Employed, two years.
Income: required proofs	P.A.Y.G. Pay slips, group certificates or employer letter. Self-employed, two years tax returns.
Loan amounts minimum & maximum	$30k to $2 mil
Purpose	Owner-Occupied, or Investment Residential
Maximum LVR	90% LVR up to $750,000
Coded, non-coded, or either	Either
Credit related issues	CLEAR. Very minor but paid defaults may be O.K.
Variable, fixed or both	Variable only
P&I, I/O, or both	Interest Only
Residency Status	Citizens and permanent residents
If you wish to proceed, then we will help you to complete all the necessary paperwork and liaise with the lender on your behalf. This will include the completion and submission of your home loan application and the on-going communication between all parties until your home purchase is settled