If you have a mortgage you can set up an overdraft and pay interest at our standard variable home loan rate. That means you'll have extra funds on demand when you need them.
With a mortgage-secured overdraft you can:
| Key Features | |
|---|---|
| Variable interest rate | View our interest rates |
| Minimum loan amount | $1,000 |
| Maximum loan amount | $100,000 |
| Loan period | Continuing credit on demand |
| Repayments | Monthly. Minimum repayment 5% of the closing balance |
| Interest charges | Calculated daily, charged monthly on the portion of the overdraft used |
| Establishment fee | Yes |
| Monthly account keeping/service fees | No |
| Auto repayments (salary/account) | Yes |