All-in-one Home Loan Account:
This loan account offers maximum loan flexibility. It allows you with full redraw facility. Ideal for investment property purchases and owner occupied purposes. This type of loan structure may be split into sub-accounts (up to 4 sub-accounts, depending on the specific bank) with own individual account statements. Payment options include principle and interest or interest only. A transaction account may be linked to the loan facility. The transactional account may also be referred to as a mortgage offset account
Direct Salary crediting is also available. You may keep all your savings and salary into the transaction account, re-drawing money to cover your living expenses and other financial commitments, you can reduce the loan balance by keeping the surplus money into the account. This facility will help you reduce the amount of interest payable. Each loan account can support have different loan features and repayment options.