- Home
- Home Loans
- Hume Bank
- Line of Credit
Line of Credit
- Owner Occupied
- Variable
- 20% min deposit
- Interest Only
Interest rate p.a.
9.25%
Comparison rate* p.a.
Line of Credit
- Owner Occupied
- Variable
- 20% min deposit
- Interest Only
Interest rate p.a.
9.25%
Comparison rate* p.a.
Hume Bank Variable Rate Home Loan overview
For Line of Credit
Principal & Interest (P&I)
Loan type
Loan to value ratio
Interest rate
Comparison rate
Interest only
Loan type
Loan to value ratio
Interest rate
Comparison rate
Details
Maximum LVR
80%
Total repayments
Interest rate type
Variable
Borrowing range
$20k - $100m
Suitable for
Line of Credit, Owner Occupiers
Loan term range
1 - 25 years
Repayment type
Interest only
Applicable states
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Repayment options
Fortnightly, Monthly, Weekly
Target Market Determination
Visit Hume Bank Limited to view Target Market Determination.
Features
Extra repayments
Not Allowed
Redraw facility
Offset account
Split interest facility
Loan portability
Repayment holiday available
Allow guarantors
Available for first home buyers
Other benefits
Fees
Total estimated upfront fees
$750
Application fee
$600
Legal fee
$0
Valuation fee
$0
Settlement fee
$150
Other upfront fee
$0
Ongoing fee
$0
Discharge fee
$350
Pros and Cons
For Line of Credit
Benefits
- No ongoing fees
- Split account option
Drawbacks
- No extra repayments
- No redraw and no offset
- Higher than average interest rate
- Higher than average upfront fee
- Discharge fee at end of loan
