Equity Line Investment Loan
- No upfront or ongoing fees
- Repayments may decrease if RBA cuts rates
- No extra repayments
- No redraw and no offset
- Repayments may increase if RBA raises rates
Interest rate structure
$0 - $3.5m
Principal & interest
Loan term range
1 - 30 years
Allows split interest
Investors, Line of Credit
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Estimated upfront fees
Minimum SMSF Amount
Compare and review home loans with similar features
G&C Mutual Bank, formerly the SGE Credit Union, is an Australian member-owned mutual bank that was founded in 1959.
The bank has over 36,000 members, with a head office in Sydney and service centres in Melbourne and throughout NSW. It offers a range of financial products, such as home and personal loans, banking accounts and term deposits, insurance and credit cards. It also offers financial planning via a network of G&C Local Business Managers.
G&C Mutual has won a number of awards, including Money Magazine’s Best Savings Account award in 2012.
G&C Mutual Bank Home Loan Calculator
Interested in a G&C Mutual Bank home loan? RateCity has a suite of calculators that can show you what your repayments would be and how G&C Mutual Bank compares to its competitors. Simply plug in your borrowing amount below.
Equity is the value of your property, less any outstanding debt against it. For example, if you have a $500,000 property and a $300,000 mortgage against the property, then you have $200,000 equity. This is the portion of the property that you actually own.
This type of loan is a flexible mortgage that allows you to draw on funds when you need them, similar to a credit card.
Equity refers to the difference between what your property is worth and how much you owe on it. Essentially, it is the amount you have repaid on your home loan to date, although if your property has gone up in value it can sometimes be a lot more.
You can use the equity in your home loan to finance renovations on your existing property or as a deposit on an investment property. It can also be accessed for other investment opportunities or smaller purchases, such as a car or holiday, using a redraw facility.
Once you are over 65 you can even use the equity in your home loan as a source of income by taking out a reverse mortgage. This will let you access the equity in your loan in the form of regular payments which will be paid back to the bank following your death by selling your property. But like all financial products, it’s best to seek professional advice before you sign on the dotted line.