Mortgage Overdraft

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

Standard Variable
(Owner Occupier, Interest Only)
From 5.72%p.a

Features & Benefits

No compulsory regular payments
Maintain access to funds while reducing interest
No monthly service fees
Dedicated Relationship Manager

Regional Australia Bank’s Mortgage Overdraft offers the ultimate in flexibility if you need to balance the competing pressures of maintaining your cash flow and home loan repayments. In addition to your home loan, you could also use a Mortgage Overdraft as flexible, accessible finance to consolidate other debt, buy a car or boat or take a well-deserved holiday!

Our Mortgage Overdraft functions like a Line of Credit, you can credit your full salary to the account to reduce interest, while maintaining instant access to withdraw draw funds all the way up to your approved credit limit. Access is available via the Internet, Mobile and Phone Banking, cards, cheques and in person through our Branch network and Service Support Centre, giving you the benefits of a full transactional home loan.

There are no regularly scheduled payments, no monthly fees and no fees for the unused portion of your credit limit - you’re only charged interest on the balance you’ve drawn.

Plus, you get the added reassurance of a dedicated Relationship Manager as your single point of contact, both to help you get started and at any time you need throughout your loan. Having a real person to deal with third parties and talk you through the complexities of the purchase process can save you time, money and effort, so you can focus on the more important things in life!

Product Details

Owner Occupier, Investor
Interest Rate Type
Repayment Frequencies
No regular scheduled payments
Advance Payments
100% Offset Accounts
Split Loans Allowed
Minimum Amount
Maximum Term
Minimum Deposit
(without Lenders Mortgage Insurance)
Minimum Deposit
(with Lenders Mortgage Insurance)
LMI not available
Interest Only Payments Available
Interest Only product
Discounted Interest Rate on "Your Choice" Credit Card
Annual Fee
Approval Fee
Documentation Fee
Valuation Fees
At cost
Top Up Fee
Restructure Fee
Monthly Service Fee
Break Costs for Early Payout
Access Fee on Transaction & Savings Accounts
Standard Variable
(Owner Occupier, Interest Only)
From 5.72%p.a
Standard Variable
(Investor, Interest Only)
From 6.22%p.a


Interest rates are on a per annum basis and are current as at 25/08/17 and are subject to change.

1 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.