one direct

The one direct equity loan turns the equity in your home or residential investment property into a ready source of funds you can use for any purpose. You can repay and redraw as much as you like as long as you stay within your approved loan limit. Whether you want to invest, take a holiday, or pay for your children's education - it's up to you! And you can access your money at your one direct equity loan rate via ATM, EFTPOS, BPAY^®, Phone and Internet Banking.

Basics
Loan Term	No set term
Minimum Loan Amount	$100,000
Maximum Loan Amount	You can borrow up to 80% of the value of your property#.
Total Lending Limit lo-doc	$2.5 million - you can borrow 60% of the property value.
Repayments	Interest Only or $10 per month, whichever is the greater.
Repayment Frequency	Monthly

Features
Ability to Split	Yes, you can split between an equity manager and other one direct loans.
Redraw Facility	Yes, you can access any amount up to your approved loan limit. This means you can repay the outstanding balance, then draw up to your loan limit again without re-applying. Click here to find out more.
Minimum Redraw Amount	You can withdraw as little or as much as you like up to your approved credit limit.
Additional Repayments	Anytime, so you can pay off your loan faster and save on interest costs.
Access to Additional Repayments	ATM, EFTPOS, Internet Banking, Phone Banking and BPAY®.
Early Repayment	You can repay your loan in full at any time. Fees and Charges may apply if you fully repay your loan within the first four years.
Portability	Yes, you can request to keep the same loan when you sell your property and buy a new one, without having to apply again. Conditions and our normal credit policy apply.

Fees
Monthly Loan Administration Charge	N/A
Redraw Fee	No, you can redraw your funds without paying a fee. Standard transaction fees may apply.
Transaction fees	Transactions are $0.50 charge per transaction. Transaction limits apply to some channels (e.g. ATM daily limits).
Split Fee	A split fee will be payable if, prior to settlement of your loan, you request one direct to split your loan into separate one direct loans. If one direct agrees to your request, this fee is payable on the date that the requested change is effected. In the event that you request more than one split, a separate split fee will be payable for each split.
Switching fee	A switching fee will be payable per change to your loan after the date of settlement of your loan. This fee is payable on the date that the requested change is effected. In the event that you request more than one change, a separate switching fee will be payable for each change. Note: Each additional account created as a result of a switch constitutes one change to your loan.

This Comparison Rate is for a loan of $150,000 over 25 years.

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
A comparison rate schedule is available here.

^#For properties valued at $2million or more, the maximum loan amount is capped at 75% Loan to Value Ratio.

^® Registered toBPAY Pty Ltd ABN 69 079 137 518.