Line of Credit
A convenient option for owner occupiers, our line of credit allows you to draw on your funds at any time within a set limit and term. Repay as much or as little as you like until the end of the term
- From (owner occupied)
- 9.25%
- Variable
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable Interest is calculated daily and applied monthly | 9.25% | — | — |
Fees
| Fee | Type | Amount |
|---|---|---|
| AGENT_FEE Payable if we need to instruct an agent in connection with the settlement of your loan | Payment | $150.00 |
| REDRAW Payable each time you request a redraw on your loan over the counter. For all loans apart from Interest Saver loans, this fee is waived for the first redraw requested each month. This fee does not apply if your request is processed via iBank | Transaction | $30.00 |
| CHQFEE Payable for each cheque required on settlement in excess of five (5) cheques | Event | $10.00 |
| CONSENT_FEE Payable when you ask us to consent to a second mortgage on any security | Event | $150.00 |
| DEFAULTFEE Payable on the last day of each month during which there is an amount overdue for payment on your loan. | Payment | $20.00 |
| DISCHARGE_FEE Payable when any security is wholly or partially discharged. | Exit | $350.00 |
Features
- Card access
- No monthly account keeping fees
- Flexible repayments - Weekly, fortnightly or monthly repayments available
- Digital banking
- Split Loans available
- Additional cards
- Redraw facility
- Unlimited redraw using online banking
- Extra repayments
Eligibility
- Minimum age — 18 years18
- Residency status — Must be an Australian resident or citizen, with an Australian residential mailing address
- Maximum Loan to Value Ratio of 80%
- Product is available to approved borrowers only. Terms, conditions, fees, charges and normal lending criteria apply
Constraints
- Minimum limit — $20,000.00
More Information
Published by Hume Bank under the Consumer Data Right · Last updated 14 July 2026 · Product ID L25LOCV1 · View on CDR.gov.au