Revolving loan

A revolving loan is a transactional account and home loan all in one. This gives you the flexibility to access, repay, and redraw funds at any time, up to your credit limit.

Benefits

• Access, repay and redraw funds at any time up to your credit limit.
• Minimise interest costs by using your income and/or savings to lower your loan balance.
• Make lump sum reductions with no prepayment costs.
• Easy access via ATM, Debit Card, Online and EFTPOS.

Features

• You can use your revolving loan on your everyday transactional account a bit like an overdraft, or you can have it as a separate account.
• You can make multiple payments to the account whenever you like, and redraw if you need to access that money.
• The revolving loan has its own variable interest rate which will move up and down with the current market. View our home loan rates.
• There's no maximum term, however, we can ask you to repay the revolving loan at any time.
• There’s a minimum limit of $5,000 on a revolving loan. 

Important information:

• If you're looking for regular payment certainty, you should consider a fixed rate home loan or a split between fixed and floating rates.
• If you want to reduce the credit limit on your revolving loan, please contact us to discuss.

Don't forget to read this bit

All interest rates are subject to change without notification. TSB’s current account opening criteria, current lending criteria, terms and conditions, fees and interest rates apply. Use of accounts and services are subject to TSB’s General Terms.