Equitismart Line of Credit (Investment)

Are you looking to unlock the equity in your investment property? Our EquitiSmart Line of Credit is the smart way to access credit, with a pre-approved limit, funds available when you need, and interest charged only on the funds you use.

Meet the changing needs in your life by accessing the equity in your investment property. You can access up to 80% of the security property’s value, and use the funds for any worthwhile purpose, including renovations, making additional investments or tend to other immediate expenses. Get the best of both worlds by splitting your home loan balance between separate fixed and variable rate accounts.

With no annual or monthly fees, no draw down fees, and with no minimum repayments required, as long as the loan balance is maintained within the approved limit, an EquitiSmart Line of Credit gives you access to the equity in your investment, without the need to sell your property.

How does the EquitiSmart Line of Credit work?

• Draw funds from a pre-approved amount of credit from the equity of your home loan whenever you need.
• You only pay interest on what you’ve used from your available credit. For example, if you had a $100,000 line of credit and you drew down $20,000, then you will only be charged interest on that $20,000. The interest would typically be added to the loan each month.