Revolving Home Loan

Benefits at a glance

• The interest charged is based on the outstanding balance, there are no set repayments as long as you stay within your credit limit. 

• Allow to repay and redraw up to the credit limit at any time. No need to reapply unless it exceeds the limit.

• It often has the highest interest rate and a monthly fee, but it offers the most flexibility.

• Interest rates can either go up or down in line with market changes.

• Minimise your interest costs, by using your income and saving to lower your loan balance.