A flexible line of credit for home or investment purposes that you can access any time.
With a NAB FlexiPlus Mortgage Facility, you open a NAB transaction account and the FlexiPlus Mortgage is a credit limit (an approved loan limit) attached to it. You can have all your income paid directly into the transaction account and use the credit limit as much or as little as you choose.
Product overview
Additional repayments
n/a
You can make unlimited deposits/repayments.1
Redraw
n/a
Withdrawals any time, for any amount, up to facility limit.2
Repayment holiday
n/a
No principal repayments required unless facility/account limits are reached (or facility cancelled).
Interest only payment option
n/a
See above. Interest is charged monthly to your nominated account. Only pay interest on what you've used.
100% offset
n/a
Can deposit salary and other earnings into the account to help save interest.
Maximum loan size as % of property value
90%
Borrow up to 90% of your property's value so you can unlock your equity for other purposes.
Flexible repayment options
Make repayments as and when you want. (You just need to ensure you've covered any interest charges.)
*CANNEX is an independent Financial Services Research Group and provides specialist services to Australia's 350 plus financial institutions, government departments, media and finance professionals.
For more information about CANNEX visit www.cannex.com.au
1. An Early Exit Fee is payable if the facility is cancelled within four years of the settlement date.
2. If the line of credit facility is attached to more than one account, you can only withdraw up to the account limit on each account.
Fees and charges are payable. Terms and conditions apply and are available on request from NAB.
