NAB Portfolio Facility (LOC) – $1,000,000 and above
Posted May 21st, 2010
and last modified January 31st, 2012
When you are applying for a loan you will have to decide what type of loan you are suited to. There are many loans that are available to people and each of these loans are suited to different borrowers. If you are someone that is looking for a stable loan that will not change over time then you would be best suited to a fixed rate loan. If you want a loan with a low interest rate and some features that add flexibility then you should choose a variable rate loan. However, if you want a loan that is very flexible then you may want a line of credit loan. Line of credit loans are loans that have very flexible repayment structures that will allow you to pay and draw upon the loan as you wish. The NAB portfolio facility (LOC) – $1,000,000 and above is one of these line of credit loans for people borrowing a lot of money.
Features of the NAB Portfolio Facility (LOC) – $1,000,000 and above
The NAB portfolio facility (LOC) – $1,000,000 and above is a loan that will suit people that are looking for flexibility in their loan. The features of a NAB portfolio facility (LOC) – $1,000,000 and above are:
- Borrowing conditions. When you borrow money on the NAB portfolio facility (LOC) – $1,000,000 and above you will be able to borrow between $1,000,000 and $10,000,000. You will be able to borrow 90% of the loan to value ratio and up to 90% if you are willing to pay mortgage lenders insurance.
- Interest rate. The interest rate with the NAB portfolio facility (LOC) – $1,000,000 and above is 6.59%
- Offset account available. The NAB portfolio facility (LOC) – $1,000,000 and above allows you to link an offset account to the loan. The offset account can be used to reduce the amount of interest that you pay. The offset accounts will work but offsetting any of the funds in the account against the loan amount when interest is paid.
- Redraw facility. The NAB portfolio facility (LOC) – $1,000,000 and above allows you to make additional repayments onto the loan for no additional charge. This will reduce the amount of interest that you pay and will help you pay off the loan quicker. Furthermore, the NAB portfolio facility (LOC) – $1,000,000 and above will also allow you to draw upon these funds whenever you would like.
- Split the loan. The NAB portfolio facility (LOC) – $1,000,000 and above loan will allow you to split the loan so you will be able to take advantage of all the features of the other loans. When you split a loan you will be subjecting one part of the amount you owe to the NAB portfolio facility (LOC) – $1,000,000 and above loan and another part to another loan. By doing this you will be able to take advantage of all the feature the loan have.
- Fees. There will be no fees charged to the NAB portfolio facility (LOC) – $1,000,000 and above loan other than the annual $550 service fee.
The NAB portfolio facility (LOC) – $1,000,000 and above loan is a great loan for people that are looking for flexibility. The NAB portfolio facility (LOC) – $1,000,000 and above has all the flexible features that you will expect from a line of credit and many more. The NAB portfolio facility (LOC) – $1,000,000 and above offers you flexible features such as the offset account and the redraw facility to help make paying off your loan easier. If you would like to know more about the NAB portfolio facility (LOC) – $1,000,000 and above start a line of credit home loan comparison today.
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