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Line of Credit
Use your home equity to live the life you want - now
RAMS evergreen, line of credit home loans are designed to give you easy access to the equity in your home. You only pay interest on the funds you’re using (not the total limit of your facility) and you can access your funds via ATM, EFTPOS and chequebook. Plus, there’s no need to make regular repayments if you’re below your credit limit.
A RAMS Line of Credit loan is ideal when you need extra cash for a new car, renovations or other major purchases.
Product Key Benefits:
- Easy access to the equity in your home
- An alternative to high interest rate credit facilities
- 10 free transactions every month across all access methods (ATM, EFTPOS and chequebook)
- Borrow up to 90% of the purchase price (Full Doc) or up to 80% of the purchase price (Low Doc)
- Low Doc options for the self-employed
- Choice of deposit methods; Direct Debit, Salary Credit or Bank@Post
RAMS Line of Credit Home Loans Range:
- RAMS Line of Credit
Easy access (ATM, EFTPOS and chequebook) to home equity with an evergreen line of credit loan. - RAMS Line of Credit Pro Pack
All the benefits of an evergreen line of credit loan, plus preferential rates for larger loans.
And for the Self-Employed:
- RAMS Line of Credit Low Doc
Easy access (ATM, EFTPOS and chequebook) to home equity with a low paperwork, evergreen line of credit loan. Ideal for irregular cash flow. - RAMS Line of Credit SE Pro Pack
All the benefits of a line of a low paperwork, evergreen line of credit loan plus preferential home loan rates for larger loans. Ideal for irregular cashflow.
