Line of credit home loan

Features at a glance

  • Global loan limit
  • Interest capitalisation
  • Multiple accounts – up to 10 accounts permitted after settlement
  • Option to fix a portion of the loan (one account must remain on variable interest rates)

Key features

Loan term 30 years
Principal and interest Yes
Interest only option 5 years
Option to fix Yes
(one account must remain on variable interest rates – minimum $20,000)
Available fixed rate term 1-5 years
Additional repayments on fixed Up to 5% of original fixed loan amount each year without penalty
Additional payments on variable Yes
Funds drawn at settlement Not required to be fully drawn
Global loan limit Yes
Accounts (splits) 2 (maximum of 10 after settlement)
Interest capitalisation Yes
Interest in advance 1 Yes
Redraw available Yes
Internet access Yes
Statements Monthly
Variations Yes

1. Limitations apply to the availability of interest in advance. Please contact us for full terms and conditions. Fixed rate loans may be subject to significant break costs. We recommend that clients refer to their loan contract and terms for details of break costs applicable.

AFG Home Loans Icon™ products are provided by Macquarie Bank Limited ABN 46 008 583 542 (MBL) Australian Credit Licence 237502 and promoted by AFG Home Loans Pty Ltd ABN 26 153 255 559 Australian Credit Licence 411913. The information in this document was prepared and issued by MBL.

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Being such a diverse company, AFG has a range of different divisions. Send through a quick enquiry and we'll be touch with you soon.

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