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.
Line of Credit
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?
Some of our case studies
Property Buying Tips And Handy Hints To Successfully Manage Your Finances
Download this handy guide that the team at Intuitive Finance has put together for you.
