An Auswide Bank Line of Credit allows your customer to borrow against the equity in their home. Just like a credit card, there is a pre-approved borrowing limit ready to go and they'll only pay interest on the amount drawn. Of course, that's at affordable home loan, not credit card, interest rates!
It means your customer has the freedom to update their home with renovations, purchase a new car, take an overseas holiday, pay for the kids education or purchase property or shares up to their pre-approved limit without ever having to apply for a new loan each time they want to borrow money.
^Deposit criteria may vary depending on the location and type of property being used as security.
