Line of credit - Borrowing

Line of credit

Enjoy the flexibility of using your own funds

An ANZ line of credit lets you access the equity in your current property and gives you the flexibility to draw on funds at any time up to your approved limit or repay funds at any time. You will know exactly how much your limit is and you can access as much or as little as you like whenever you need. This product is suitable for those who want to avoid the ongoing hassles of paperwork and want the flexibility to manage their individual loans.

With an ANZ line of credit, you can:

Borrow up to 50% of the value of the property
Enjoy a competitive interest rate.

All applications for credit are subject to ANZ's credit policy. Terms and conditions available upon application. Fees and charges apply.

To find out more, contact the ANZ Contact centre or get answers to common questions.

Common questions about an ANZ Line of credit

Q How much can I borrow?
A Based on your individual circumstances (such as your income, financial commitments, current savings and credit history). With an ANZ line of credit, you can only borrow up to 50% of the value of your property.

Q What documentation do I need?
A You will need to prove your level of income and employment details. Depending on your situation, you will need to show:

A letter confirming employment from your employer or copy of labour contract
Last two years financial statements or tax returns (if self-employed)
Business licences or patents (if self employed)
Evidence of other income
Bank statements
ID card, Family book (not applicable if you're an existing customer)
Red or Pink books
Registration certificate
Sale & Purchase agreement
Rental agreements & proof of ownership
Other information requested and required by ANZ to assess your application

Q Are there any fees?
A Once your ANZ Line of credit application has been approved by ANZ, certain fees will be charged such as a Loan Approval Fee, Valuation Fee to inspect the property and a Notary Public Fee. Ask ANZ for details.