Line of Credit

Line of Credit

A Line of Credit loan provides you with access to the equity in your home or investment properties up to a pre-approved limit. You access the funds as you need to. The interest rate on a line of credit loan is usually a variable rate and repayments are interest only.

Advantages & disadvantages

Advantages

  • You can use the money when you need it and pay it back when you can.
  • Rates are generally lower than a personal loan or credit card.
  • You only pay for what you use
  • Provides you with a financial buffer to better manage your personal investment business
  • Available for multiple uses

Disadvantages

  • Unless care is shown it is possible to reduce the equity you have built in your home (in personal situations).
  • Sometimes you may be paying a slightly higher interest rate due to the nature of the transaction
Next steps
  • Contact us to discuss your initial thoughts and requirements.
  • Complete our finance application form covering the purpose for seeking credit and the amounts of credit sought
  • We will then contact you to arrange an initial consultation, to agree the basic information required and the process for completing such
  • Once that has been compiled we will review it and the provide a written strategy for you to consider.
  • If you’d like to proceed, we will then work with you on a formal loan application process.

Complimentary obligation free consultation

Discuss your specific needs & formulate the right strategy for you.
Get in touch to organise your complimentary 60min session today!

What’s involved in obtaining a loan through Intuitive Finance?

Process begins

Step 1

1 hour initial meet to establish financial and lifestyle goals, discuss fact find document and agree timeline for return of such

Step 2

Submission of fact find

Step 3

Within 5 days of completion of fact find – written strategy submitted to you

Step 4

Within 2 days of agreement to proceed – documents lodged with Institution

Step 5

Within 1 to 3 days of lodgement expect conditional approval

Step 6

Within 2 to 4 days after conditional approval expect unconditional (full) approval

Step 7

Within 2 to 5 days after unconditional approval, expect loan documents to arrive

Step 8

Within 3 to 5 days of signed Loan Documents submitted expect Loan settlement
Process ends
Total process generally takes between 4 and 8 weeks
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Property Buying Tips And Handy Hints To Successfully Manage Your Finances

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