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Use your existing mortgage to improve your lifestyle

The Access Equity Home Loan allows you to use the equity you already have in your home as a line of credit for any worthwhile purpose.

No ongoing fees

No ongoing monthly loan fees 1

Pay off sooner

Additional repayment options without penalty

Options and choices

Redraw available online or via app without fees 2

  • Variable interest rate option
  • Available to individuals, companies and trusts
  • No ongoing monthly loan fees 1
  • Redraw available online or via app without fees 2
  • Additional repayment options without penalty
  • Loan period up to 7 years
  • Minimum loan amount $5,000
  • Max. loan amount up to 80% of the property value
  • Flexible repayment options available weekly, fortnightly or monthly
Loan Variable Interest Rate Comparison Rate *
Access Equity Home Loan 9.05% p.a 10.10% p.a *

Rates effective from 27/05/2024. 

Credit eligibility criteria, terms and conditions, fees and charges apply. The Capricornian Ltd. ABN 54 087 650 940. AFSL/Australian Credit Licence 246780.

*This comparison rate is based on a $30,000 loan over 5 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

1 Application fees apply.

2 In branch staff assisted redraw fee of $30 applies.

Consider the relevant Target Market Determination (TMD).

To be eligible you will need to be:

  • At least 18 years old
  • An Australian citizen or permanent resident

If you are seeking formal approval, whether applying online or in person you will need:

  • Two forms of ID
  • Three payslips (or other proof of income if you’re casual or self-employed)
  • Evidence of what you own (assets)
  • Evidence of what you owe (liabilities)
  • Contract of sale

Following the assessment process, further information and documentation may be required.

Bring these items when you come to see us

Work out what repayments you may be able to afford by using a borrowing calculator. We use a range of criteria to decide how much you are eligible to borrow, but you also need to be comfortable that you can afford to pay the loan. We aim to help you achieve your goals without living above your means.

There are several factors that go into determining which home loan and interest rate is best for you. A variable interest rate will change along with the market. A fixed rate will lock in your repayments for a set period of time. There are benefits to both of these options, and we recommend that you obtain financial advice when contemplating this decision. See this link to our blog for more information.

1. LVR: Loan to Value Ratio

LVR is the percentage of the property’s value, as assessed by the lender, that your loan equates to. For example, if the property you want to purchase is valued at $500,000, and you need to borrow $400,000 to pay for it, the loan is worth 80% of the property value, making your LVR 80%.

2. LMI: Lenders Mortgage Insurance

LMI is insurance that protects the bank or lender in case you can’t pay your residential mortgage.It’s usually paid by borrowers with an LVR higher than 80% – that is, borrowers with a deposit of less than 20%.

Chat with a local lending specialist

Tips to get in the know

Robin and Linda – Owner/Managers of CocoBrew, Rockhampton

The Capricornian went above and beyond in the service we received in a tricky loan situation. Very impressed! Thank you!

Robin and Linda – Owner/Managers of CocoBrew, Rockhampton