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From 4.78% (variable)
Interest Rate (p.a.)
$25,000
Min Loan Amount
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Product Name | BOQ Clear Path Line of Credit Loan |
---|---|
Interest Rate (p.a.) | From 4.78% (variable) |
Interest Rate Type | Variable |
Min Loan Amount | $25,000 |
This loan is offered as a new loan only and can be used for personal use or home investment. It provides ongoing credit against the value of your own home or the investment home you'd like to purchase. BOQ will lend up to 80% of the residential value, and up to 90% if you take advantage of lender's mortgage insurance.
Payments can be made at any time, but you must make sure that you're always within the approved credit limit to avoid penalties.
You can apply for this loan online. Keep in mind that you'll have to meet the following criteria:
The following information must be provided to support your application:
This loan type is suitable for real estate investment, but also for personal investment. It's important to make sure that you're in a position to repay this loan, especially if your own home is offered as security.
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