Redilend Equity Loan Options

Equity is the difference between the value of your home and the amount left owing on it.

This credit account allows you to turn the equity in your property into an available source of funds for any worthwhile reason such as debt consolidation, investment such as shares, Real-estate, or even helping the kids with something special.

It is called Redilend Home Loan Equity excess

This is basically a transaction account that has a credit facility attached which is secured by the equity of a mortgage over approved real-estate property. Another great benefit is that any principal repaid is available to be redrawn at a later date for the life of the loan. So if you pay the outstanding balance off you are then eligible to borrow up to your credit limit once again without having to re-apply for that same loan, it’s a great thing if used correctly and can take the stress out of the need of quick cash in the future. It is a silent partner in financial backup solutions if and when the time arises.

In a nut shell is a line of credit that will simplify your banking but will also save you money on your loan by combing your credit facilities such as savings and transactions into one and gives you the ability to have ready access to funds anytime anywhere. Additional repayments can be made which you will then inturn saving on interest charges.

To find out more call our customer care team on 1300 85 45 75 or click here to apply now.

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Equity Calculator
Value of your Property
 
Amount Owing
 
Equity