A line of credit allows you to borrow against the equity in your home. Just like a credit card, you’ll have a preapproved borrowing limit ready to go when you need it whatever life throws at you! Plus just like a credit card, you’ll only pay interest on the amount you draw. Of course that’s at affordable home loan, not credit card, interest rates!
It means in the future you have the freedom to update your home with renovations, purchase a new car, take an overseas holiday, pay for the kids education or purchase property or shares up to your preapproved limit without ever having to apply for a new loan every time you want to borrow money.
You can even ‘split’ your limit into smaller portions with Line of Credit Access Accounts used for different purposes, such as separating personal and investment debt to help you manage your tax obligations.
It’s easy to access your credit limit with our great range of banking services such as transferring funds through Internet Banking or withdrawing money at an ATM.
Our Visa Debit Card allows you the opportunity to access your own money in Australia and overseas in many ways.
Save on loan interest, loan & everyday banking fees, home & car insurance and credit cards when you qualify for our Freedom Package.
Our Home Lending Consultants will support you both now, with obligation free advice and pre-approval, and in the future by always being available and approachable.
Please review our Home Loan Fees & Charges for full details.
Please review our Home Loan Interest Rate Schedule »
Auswide Bank gives you great options for applying for or enquiring about our home loans. If you are unable to visit one of our branches why not apply now!
Please save the interactive PDF Home Loan Application form to your computer and complete all sections of the application to the best of your ability. Some information required includes:
To submit your application, please print out your completed Loan Application, sign and return to Auswide Bank via one of the following methods:
Our helpful Lending Consultants will be happy to follow up with any further information required when we review your application.
After receipt of your Loan Application we will assess your application and contact you within the next business day.
This will allow us to obtain any further information that may be required for approval and discuss the particulars of your application (including details of applicable fees and charges).
We also need to obtain a valuation of the property(s) being offered as security, and in certain circumstances, the approval of our mortgage insurers.
You will be required to pay for this non-refundable valuation. This is the only up-front fee payable for processing your application.
We will also need to obtain certain documentation verifying the information provided in your application. The documentation will differ for home loan or line of credit applications. Once again one of our Loans Consultants will advise you exactly what is required in your case.
After receipt of the valuation and documentation and approval of your application - you will be sent a written offer that contains the full terms and conditions of the proposed loan.
Enquire Online if you would like more information on our requirements or the loans process.
This information is a summary of features & benefits only. This is not an offer to lend - credit assessment criteria, terms and conditions & fees and charge apply - full details on application. Loans are only available to approved applicants offering security in approved property in Australia.
Prior to entering into a credit contract with us you should read our Credit Guide.
^Deposit criteria may vary depending on the location and type of property being used as security.