- Home
- Home Loans
- RAMS
- Line of Credit
Line of Credit
- Owner Occupied
- Variable
- 5.01% min deposit
- Interest Only
Interest rate p.a.
8.76%
Comparison rate* p.a.
Line of Credit
- Owner Occupied
- Variable
- 5.01% min deposit
- Interest Only
Interest rate p.a.
8.76%
Comparison rate* p.a.
RAMS Variable Rate Home Loan overview
For Value Advantage Package Line of Credit ($150k+)
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
94.99%
Total repayments
Interest rate type
Variable
Borrowing range
$150k - $100m
Suitable for
Line of Credit, Owner Occupiers
Loan term range
1 - 30 years
Repayment type
Interest only
Applicable states
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Repayment options
Monthly
Target Market Determination
Visit RAMS to view Target Market Determination.
Features
Extra repayments
Unlimited
Redraw facility
Redraw fee: $0
Offset account
Split interest facility
Loan portability
Repayment holiday available
Allow guarantors
Available for first home buyers
Other benefits
Fees
Total estimated upfront fees
$0
Application fee
$0
Legal fee
$0
Valuation fee
$0
Settlement fee
$0
Other upfront fee
$0
Ongoing fee
$149
Discharge fee
$295
Pros and Cons
For Line of Credit
Benefits
- No upfront fees
- Suitable for low deposits
- Parents can sign as guarantor
- Extra repayments and redraw facility
- Free redraw facility
- Split account option
Drawbacks
- No offset account
- Higher than average interest rate
- Ongoing fee
- Discharge fee at end of loan
- No repayment holidays
