Global Line of Credit

A premium LOC facility. This loan enables you to retain a global borrowing limit across the loan regardless of how much debt you pay down on sub-accounts. Choose to pay your repayments when they fall due or have them come out of your line of credit, while the account is under credit limit. Combine a number of rate types within your Global Line of Credit Home Loan with up to 10 sub-accounts. Choose fixed or variable interest rates between each of your sub-accounts. Choose the flexibility of a variable rate, the certainty of a fixed rate or a combination of both. A variable rate allows unlimited extra repayments, while a fixed rate loan allows up to 5% each year. You can reduce your loan repayments by choosing to pay the interest-only portion of your home loan. Combine all this with free access to selected ATMs when you withdraw cash or check your balance at any St. George, Westpac or Bank SA ATM’s.