Mortgage Overdraft

A line of credit style all-in-one home loan and transaction account for maximum flexibility

Features & Benefits

No compulsory regular payments
Maintain access to funds while reducing interest
No monthly service fees
Dedicated Relationship Manager
Standard Variable
(Owner Occupier, Interest Only)
From 5.72%p.a1

Product Details

Borrowers
Owner Occupier, Investor
Interest Rate Type
Variable
Repayment Frequencies
No regular scheduled payments
Advance Payments
Yes
Redraw
N/A
100% Offset Accounts
N/A
Split Loans Allowed
No
Minimum Amount
$3,000
Maximum Term
N/A
Minimum Deposit
(without Lenders Mortgage Insurance)
20%
Minimum Deposit
(with Lenders Mortgage Insurance)
LMI not available
Interest Only Payments Available
Interest Only product
Discounted Interest Rate on Your Choice Visa Credit Card
3%
Annual Fee
None
Approval Fee
None
Documentation Fee
$250
Valuation Fees
At cost
Top Up Fee
$195
Restructure Fee
$200
Monthly Service Fee
None
Break Costs for Early Payout
None
Access Fee on Transaction & Savings Accounts
Yes2
Standard Variable
(Owner Occupier, Interest Only)
From 5.72%p.a1
Standard Variable
(Investor, Interest Only)
From 6.22%p.a1

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Disclaimer

  1. Interest rates are on a per annum basis and are current as at today's date and are subject to change.
  2. No monthly Access Fee where the minimum monthly membership balance exceeds $5,000.

Terms, conditions, fees, charges and normal lending criteria apply. See Fees & Charges for full details.

Please refer to the Product Details when considering if this product is right for you.

Regional Australia Bank Ltd is the issuer of the product.