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Line of Credit

With a line of credit home loan, you could access the equity that has built up in your home to a pre-approved credit limit, and only pay interest on the outstanding balance.

Key benefits

Interest only

Pay interest only on the outstanding balance, not the entire line of credit.


You could use your line of credit funds for purposes such as home renovations, personal investments, or even a holiday.

Easy accessibility

Use a debit card or online banking transfer for easy access to the funds in your credit facility (not available for company and trust borrowers).

How does a line of credit work?

A line of credit is a flexible way to access the equity you’ve built up in your home, through extra repayments, capital gain or if you own your property outright.  The RAMS Line of Credit needs to be secured by residential property.

It’s a revolving credit loan facility – you can withdraw a lump sum, or smaller amounts over a period of time, up to your approved line of credit limit.

Unlike personal loans or credit cards, you don’t need to make monthly repayments which makes them a flexible option for investors, who may want to purchase an investment property without increasing their repayment costs, as monthly payments would only be required to ensure the balance does not exceed the credit limit.

You’ll need to repay your line of credit loan before the end of the term (up to 30 years), making as many repayments to suit your needs during that time. Of course, making repayments before the end of your line of credit home loan term will help to reduce the amount of interest you pay overall.

Things to note

If you don’t make interest payments during your loan term, you’ll need to make sure there’s enough credit to cover fact that your interest will capitalise, so be aware you’ll reach your credit limit sooner than if you had been making repayments.

Interest Rates

Interest Rates tab selected, 1 of 2
Application fee$595 ($0 under a Value Advantage Package)
Valuation feeFirst valuation is free!

$220 for each additional valuation
Account keeping fee$20 per month
Discharge fee$295 per loan account (plus legal and other associated costs incurred by us)
Loan settlement fee$285 ($0 under a Value Advantage Package)

Flexible features

Home loan calculators

Whether buying a new home, refinancing an existing home loan or investing in property, RAMS mortgage calculators can give you an estimate of what your repayments could be, based on your home loan amount, your loan type and the interest rate you think you'll be paying. Once you get an idea of your mortgage repayments from the calculator, together with the rest of your budget, you'll start to see whether you can realistically afford the home you want to buy. Your local RAMS franchisee can also help guide you through this process. View all of our calculators.

Speak to a home loan specialist

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Compare all home loans

Take a look at all our home loans, fees and different features, then decide which one is right for you.

A RAMS Home Loan Specialist makes a difference

The right home loan for you

A RAMS home loan specialist will learn about you, and your circumstances, and then tailor just the right loan to suit you and your stage of life.

Smooth process

Our home loan specialists take the ‘hard’ out of the process for you. They’ll come to you, at a time and place that suits you and sort out approval in days, not weeks, wherever possible.

Personal service

You’ll have a dedicated ‘go to’ person from start to finish, so you’ll supply your personal information just once and not have to repeat it.  You’ll also have their mobile number, so whatever arises, you can get things sorted.


New loans only. Credit criteria, fees and charges apply.

^myRAMS is not available to Companies and Trusts and is subject to systems availability.

#Value Advantage Package Conditions apply and are available at Available for customers with total RAMS borrowings of $150,000 or more. No discounts apply where total customer borrowings is less than $150,000, and no interest rate discounts apply to an eligible loan while the interest rate is fixed. Total Customer Borrowings is calculated as the total credit limit for each existing RAMS home loan and any new RAMS home loan being applied for, however the discount only applies to the new eligible loan. There is no limit on the number of new eligible variable rate loans within a RAMS Value Advantage Package that can receive an interest rate discount. Annual fee, currently $149, applies. Unless we tell you otherwise, Package benefits cannot be taken in conjunction with, or in addition to other special offers, negotiated rates or discounts.

From 27 November 2023, new, replacement and reissued cards will no longer feature the Maestro or Cirrus logos and you won’t be able to use your RAMS debit card overseas.

1 Not applicable on this product. 

2 Not applicable on this product. 

3 Not applicable on this product. 

4 ® Registered to BPAY Pty Ltd ABN 69 079 137 518.  

5 Not applicable on this product. 

6 Debit card not available to company borrowers. 

7 Not applicable on this product.

8 Value Advantage Package available on selected loans for customer with total RAMS eligible borrowings of $150,000 or more. Refer to the Value Advantage Package Brochure for Terms and Conditions. 

9 Some institutions may charge a fee for use of their ATMs, payable in addition to any fee for transactions over free threshold.

10 Not applicable on this product. 

11 Not applicable on this product.  

12 Not available for the purpose of owner occupied refinance, debt consolidation or equity release.