Key Features |
|
Interest rate |
7.40 % pa |
Loan term |
Revolving facility, reviewed annually |
Loan amount |
Maximum 80% of the valuation of the mortgaged property |
Benefits |
|
A revolving line of credit |
The Equity Access account is a revolving line of credit facility allowing you to apply for a credit limit up to 80% of the valuation of the mortgage property, which you can draw upon as required. |
Use your equity |
Use the equity in your property for purposes where you might otherwise need a personal loan: buying shares, renovating your home or taking a holiday. |
One easy to manage account |
The Equity Access account combines your home loan and savings account to reduce your debt as quickly as possible. It works by depositing all of your income directly in to your Equity Access account each pay-day to reduce the outstanding balance. This eliminates the need for a separate offset facility. |
Pay your loan off faster |
Keep all your savings in the account and reduce the outstanding balance on the account. As the interest on the loan is calculated daily, this dramatically reduces the interest charges, helping you pay off your loan faster. |
24 hour access to your funds |
Access to this account is exactly the same as a normal savings transaction account. Use your Redicard to make ATM, EFTPOS and Bank@Post transactions. Use the BPAY facility using Uniteller online banking or telephone banking. |
10 free transactions per month |
The Equity Access allows up to 10 free debit transactions in any calendar month. This facility is subject to Unicredit’s standard transaction fees and charges. |
Family equity mortgages1 |
Speak to Unicredit about the options available. Conditions apply. |
Fees and Charges |
|
Ongoing fees |
Nil – Unicredit do not charge ongoing monthly or annual fees. |
Establishment fees 2 |
$200 once only establishment fee |
Loan switching fees |
$175 |
This option combines your home loan and savings account to reduce your debt as quickly as possible.
The Equity Access account is a line of credit with a variable interest rate using the first mortgage over your residential property as security. Equity Access enables you to reduce your outstanding balance by depositing all your income directly into the account. Because the interest on the loan is calculated daily, this dramatically reduces the interest charges.
You can access your savings in the same way as a normal transaction account using ATMs, EFTPOS or any Unicredit branch. You also have the ability to use the equity in your property for purposes where you might otherwise need a personal loan: buying shares, renovating your home, taking a holiday – the choice is yours.Speak to a Lending Consultant –
- You can speak to a Lending Consultant Monday to Friday, 8.30am to 4.30pm by calling Unicredit on 9389 1011 or email enquiries@unicredit.com.au.
- You can also make an appointment with a Lending Consultant to discuss your loan requirements anytime during office hours.
Mortgage protection insurance3 –
- By taking out loan protection insurance, you are protecting yourself from an unfortunate change in financial circumstances. Loan repayments will continue to be met should the borrower/s become involuntarily unemployed or unable to earn income due to an accident or illness.
- We recommend that you discuss the options available to you when you discuss your loan requirements with your Lending Consultant.
Home and contents insurance -
- Unicredit can provide you with a competitive quote for home and contents insurance.
- You can ask your Lending Consultant for a quote at any time, or indicate on your loan application for a quote to be provided.
Apply today –
Things you should know
All loan applications are subject to Unicredit's normal lending criteria. Fees and government charges apply, including settlement attendance, valuation fees and stamp duty charges. Please refer to our Fees and Charges Schedule, by clicking on the link below, collecting from any Unicredit branch or discuss with a Lending Consultant.
1 Conditions apply. Family equity mortgages should be discussed with a lending officer by calling Unicredit on 9389 1011.
2 External fees such as government charges, settlement attendance and valuation fees apply. Please refer to our Fees and Charges Schedule.
3 The mortgage protection insurance product is issued by Swann Insurance (Aust.) Pty. Ltd. (Swann). ABN 80 000 886 680. An IAG Company. You can get a Product Disclosure Statement (PDS) for the product from any office of Swann or its representatives. You should consider the PDS in deciding whether to buy or hold the product.
This is general advice only and does not take into account your
individual objectives, financial situation or needs ('your personal
circumstances'). Before using this advice to decide whether to purchase
this insurance policy, you should consider the appropriateness of
it having regard to your personal circumstances, plus obtain and
consider the current Product Disclosure Statement for the insurance
policy.
