Accessing extra funds
I want to make a purchase
Get what you want using the best purchase option for you.
Credit cards
Your credit card is a convenient option for making smaller purchases. And don’t forget to time your purchase so you take advantage of the interest free period that’s available on most of our cards. If you need to increase your credit limit 1, it’s easy to apply using Online Banking or over the phone.
Personal overdrafts
Taking out a Personal Overdraft on your account will enable you to access additional funds, and offers additional flexibility as you are not tied to making monthly repayments. Once it’s established, you can redraw and pay money as it suits you.
Personal loans
If you’re buying a new or used car or a boat, consider taking out a Car Loan or a Boat Loan. For other items for your personal use, consider a Secured Personal Loan. For each of these loans, we register our interest in the asset you’re buying as security for your loan, and this keeps the interest rate down.
Home loan customers
If you have a home loan with us, we may be able to help you fund your purchases even more cost effectively, at the home loan interest rate.
If you’ve built up extra funds in your home loan, you may be able to redraw those funds at your convenience. You might also be able to top up your home loan by the amount you need. You won’t need to apply for a new loan; you just ask us if we'll extend the credit limit on your existing one. This feature is available on all of our variable rate home loans, subject to approval.
If you need a larger amount, over $25,000, you can take out an Equity Access Loan and use the equity in your property as a source of funds. You’ll be able to access up to 80% of the value of your property to renovate, make investments or do whatever is important to you.
If you’re looking to buy a property, read up on Buying Property.
Review your options
Things you should know
- 1.Any credit application is subject to the Bank's normal lending criteria.
