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Aussie Optimizer Plus Combo Line of Credit
Home Loan

Combine the great features of Aussie Optimizer Plus with a line of credit.

This home loan is ideal for those wanting multiple ways to access their money combined with the flexibility to access equity from their loan for any purposes including investment.

Loan Size ?
Minimum - $350,000
Maximum - $5,000,000
Maximum Loan to Valuation Ratio ?
Loan Term ?
Up to 30 yrs
Loan Repayments ?
Aussie Optimizer Plus
Principal & Interest or Interest Only
Interest Only: Maximum term of 5 years

Aussie Line of Credit
Principal & Interest or Interest Only
Interest Only: up to 10 years (with reassessment after 5 years)
Payment Frequency ?
Fortnightly or Monthly
Paid By ?
Direct Debit or Direct Salary Crediting
Additional Payments ?
Yes, any time free of charge
Access ?
Aussie Optimizer Plus
Internet, Phone, B Pay, ATM, EFTPOS

Aussie Line of Credit
Internet, Phone, ATM, EFTPOS, Cheque Book & Australia Post deposits
Application Fee ?
Loan Settlement Fee ?
Valuation Fee ?
Free for 1st valuation up to $300
Solicitors Fee ?
Advised by solicitor
Ongoing Fee ?
$198 per annum
Redraw ?
No fees to withdraw via internet or telephone access.
Automatic redraw min. $100 via website once access set up.
Split Loan ?
Yes at no extra cost
Pre settlement up to 2 splits
Maximum 6 splits available
Convert to fix ?
Yes at no extra cost. This loan type cannot be 100% fixed
Portability ?
Discharge Fee ?
Variation ?
you can apply for an increase to the principal 6 months after settlement. All loan variations are subject to approval.
$300 variation fee

What you get with this home loan

The flexibility of a transaction account built into your home loan, and a number of features.

With the Aussie Optimizer Line of Credit Loan you can:

  • Draw money from your loan whenever you need, with no transaction fees.
  • Access your home loan free through the Aussie website or request a cash card and cheque book.
  • Split the loan – no fee to split your loan and fix the sub accounts after settlement.
  • Choose to pay interest only for up to 15 years, before the loan switches to principal and interest repayments.
  • Choose between fortnightly & monthly payments.
  • Access our BPAY functionality.
  • Capitalise interest and make no repayments, up to your credit limit.

You'll also get online access to view all transactions associated to your loan, and monthly statements. For additional statements you'll be charged $15.

This loan is portable, but if you choose to switch the property acting as security there is a $600 fee.

What you need to know about this loan

  • It's only for residential properties.
  • The maximum loan term is 30 years.
  • No transaction fees.
  • It's free to split the loan after settlement.
  • An annual fee of $198 is payable.

Amount you can borrow

We assess the maximum amount that can be borrowed on a case by case basis. We generally consider a few things such as the size of your deposit and the Loan to Value Ratio (LVR). The LVR is the percentage of the property's value you wish to borrow.

How to make this loan work best for you

Get your salary paid into your loan account and redraw the funds you need. Remember, redraws are free if you request them online. This way you can reduce the amount of interest you need to pay and save money.

Applications are subject to approval. Conditions, fees and charges may apply. For a full schedule of applicable rates for these products, click here. Credit services for Aussie Optimizer products are provided by AHL Investments Pty Ltd ACN 105 265 861 (“Aussie”) and its appointed credit representatives, Australian Credit Licence 246786. Credit for Aussie Optimizer products is provided by Perpetual Ltd ACN 000 431 827.

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