Line of Credit Loan Facility
Our Line of Credit Facility allows you to draw on your available credit as often as you like, without having to re-apply.
You can use our Line of Credit Facility to buy your own home, an investment property, share portfolio or to make home renovations or extensions.
Features and benefits
| Feature | Detail |
|---|
Loan term | No fixed term - at call ongoing line of credit facility with a fixed credit limit |
Minimum loan amount | $25,000 |
Maximum loan amount | 90% of property value* |
Repayment options | Flexible so you can pay any amount, as long as the balance stays within the credit limit. |
Additional repayments | Yes – make unlimited additional repayments any time. |
| Low Doc Option | Yes |
| Internet Banking | Yes |
EasyPhone Banking | Yes |
Account access |
|
* Requires Mortgage Insurance if amount borrowed is more than 80% of the valuation of the security property. Applies to both owner-occupied and investment loans.
Interest rates
| Interest rate | |
| Reference rate | Come-n-Go Line of Credit Rate and Investment Come-n-Go Line of Credit Rate |
| Current rate | The current rate is available on the Today's rates page |
Fees and charges
Application fee: $495
Maintenance fee: $10 each month – giving you 40 free Bank of Queensland ATM withdrawals, cheques written and direct debit transactions per month. Additional transactions $0.60 each. Other transaction fees and charges apply.
Additional information
Valuation fees are payable. Government fees and charges apply. Fees and charges are payable. Normal credit assessment criteria apply. Full terms and conditions are available at any Bank of Queensland branch. Interest rates quoted are indicative only, and are subject to change without notice.
To apply for a home loan, complete the home loan application form (PDF 686kb) or non-personal lending application form (PDF 432kb), take it to one of our convenient locations and an appointment with one our lending staff will be arranged for you to discuss the various loan options available. Look at the information we need from you. Call us on 1300 55 72 72 with any queries.
Important information
Please view the terms and conditions listed below on the Terms and Conditions page:
- Personal Banking Guide to Fees and Charges
- Personal Lending Supplementary Terms and Conditions
Products issued by Bank of Queensland Limited ABN 32 009 656 740 AFSL 244616. This website contains general advice. This advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of any advice before acting on it. You should obtain and consider the terms and conditions, Financial Services Guide and Guide to Fees and Charges for the product before making any decision about whether to acquire or continue to hold it. You can obtain a copy of those documents from any
Bank of Queensland branch in Australia.