‘Professional Australian’
Line of Credit
You’ll qualify for all other great benefits associated with our ‘Professional Australian’ Package – an ‘all-in-one’ home loan and banking package.
Features
| Application Fee |
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No Application Fee – an annual Package Fee applies |
| Monthly Fees |
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There are no monthly account keeping fees. |
| Interest Rate |
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Competitive “discounted” variable interest rate for the life of the line of credit. Interest is calculated daily and charged monthly. |
| Terms |
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Interest Only. The facility continues until cancelled by you or Wide Bay Australia – there is no loan term. |
| Access Accounts |
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Unlimited free Access Accounts with up to 4 free credit limit adjustments per year. |
| Repayment Flexibility |
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There are many repayment options. |
| Interest Savings |
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You only pay interest on the amount drawn. Save interest by depositing all your income and savings and drawing them back whenever you need. |
| Redraw |
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Unlike some loans – you can access any extra money you’ve deposited into your home loan*. |
| Easy Access |
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Easily access credit funds by:
|
| Visa Debit Card |
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This account qualifies you for an Account Fee exemption on our Visa Debit Account. |
| Statements |
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Up to one free transaction statement per month.
Free interest statements showing interest paid. |
‘smartlink’ Internet, Mobile and Phone Banking
|
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Allows you to check your line of credit balance and account history and send us secure emails. |
| Package Benefits |
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When you qualify you’re also eligible for ‘Professional Australian’ Package savings and benefits. |
‘Professional Australian’ Line of Credit is only available as part of the ‘Professional Australian’ Package and is subject to the qualifying and ongoing terms and conditions of that package.
Wide Bay Australia Ltd ABN 40 087 652 060 (Australian Credit Licence No: 239686) is the credit issuer. This is not an offer to lend - credit assessment criteria, terms and conditions & fees and charge apply - full details on application. Prior to entering into a credit contract with us you should read our Credit Guide (PDF, 74KB). Loans are only available to approved applicants offering security in approved property in Australia.
This loan is only available through Wide Bay Australia branch network and is not available to applicants introduced by third parties where Wide Bay has paid brokerage or commission.
* A fee may apply for this benefit – full details on application.
Cheque payment services are available by arrangement with Westpac Banking Corporation ABN 33 007 457 141
BPAY® is a trade mark of BPAY Pty Ltd (ABN 69 079 137 518)
