A Home Equity Loan from Australian Defence gives you the flexibility of accessing the equity in your home any time you need it.

The Home Equity Loan is an ‘all-in-one’ loan which works like a large line of credit.  Your mortgage becomes a pool of funds to which you have the same type of access as a day-to-day transaction account.

• Minimum loan $30,000
• Borrow up to 80% of the property valuation
• Minimum repayment is 1% of loan balance

You can have all your income including your salary paid into the account, which reduces the balance of your loan and the interest you pay.  As a result, your equity in the home increases.

You can access the funds in your Home Equity Loan through:

• Visa Access Card
• Cheque book
• BPay
• 24 Hour PhoneLink
• 24 Hour Internet banking
• Your local ADCU branch

You can also apply for an Australian Defence Credit Card to be linked to your Home Equity Loan.  You can save money by using your credit card to make purchases, then use funds from your Home Equity Loan to pay your credit card balance each month.

• Interest Rates
• Fees and Charges
• Borrowing Power Calculator - how much you can expect to borrow for a home
  
• Loan Repayments Calculator - work out what your minimum repayments would be 
  
• Extra Repayments Calculator - how much you can save by making additional repayments
• Lump Sum Repayments Calculator - how much you can save by making a one-off lump sum repayment
• Stamp Duty Calculator - how much stamp duty will be payable

• A Smart Guide to Buying Property - read our financial tip

• Arrange for a quote on house and contents or landlords insurance

There are 4 ways you can apply:

1. On-line
2. Phone-a-Loan on 1300 13 23 28
3. Fax-a-Loan on (02) 9240 4120
4. Contact your local ADCU branch