NAB Home Equity Line of Credit

NAB's Home Equity Line of Credit is a great way to access the equity in your home and use it for things like home renovations, investments or other personal purchases.

It has a competitive interest rate and you only have one account to manage. You can access it at any time of the day, over the phone, online or at one of our many ATM's.

Product overview
Additional repayments	n/a	You can make unlimited deposits/repayments.1
Redraw	n/a	Withdrawals any time over the phone, online or at any of our ATMs up to the facility limit.
Repayment holiday	n/a	No principal repayments required unless facility/account limit is reached (or facility cancelled).
Interest only payment option	n/a	See above. Interest is charged monthly to your nominated account. Only pay interest on what you've used.
100% offset	n/a	Can deposit salary and other earnings into the account to reduce interest costs.
Maximum loan size as % of property value	90%	Borrow up to 90% of your property's value so you can unlock your equity for other purposes.
Flexible repayment options		Make repayments electronically as and when you want. (You just need to ensure you've covered any interest charges.)
Suitable for self-employed		Not available for 'Low Doc' process if you don't have the usual financial statements required for an application.
Can be used for building		You can use your funds as and when you need them.
Split loans		You can take out 2 different loans for the same property with just 1 application fee.
Portability		If you buy another home, you could keep the same facility and secure it against your new home.
Available as part of Choice Package		Not available with Choice Package.
Interest rates		View current interest rates.

1. An Early Exit Fee is payable if the facility is cancelled within four years of the settlement date.

Fees and charges are payable. Terms and conditions apply and are available on request from NAB. Normal lending criteria apply.