NAB Portfolio Facility (LOC) – $250,000 – $499,999
Posted May 7th, 2010
and last modified April 20th, 2012
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- Clicking Enquire Now will take you to the lender's website
- After completing the contact form, a mortgage expert will contact you
- The mortgage expert will ensure you find the right loan, calculate your repayments, and explains all the associated fees
- After going through the enquiry process you will be able to know how much you can borrow, begin your application when you are ready to apply and be approved for a home loan
The portfolio facility loans allow you to use your property to secure a line of credit loan. The line of credit loan can then be drawn upon to organise your personal and investment borrowing, transactions and savings the way you would like. As you pay off the debt you can then draw on the line of credit loan to invest in other things so you can increase your portfolio. The NAB Portfolio Facility does just this while offering a competitive loan package. The NAB Portfolio Facility offers you a low fee loan with a range of features that can help you increase your investment portfolio and give you the flexibility you need when repaying your loan.
Features of the NAB Portfolio Facility
The NAB Portfolio Facility offers a range of features that can help you gain assets and help you pay off your loan. The features of the NAB Portfolio Facility are:
- Flexible subaccounts. The main feature of the NAB Portfolio Facility is the flexible subaccounts that come with the loan. By using these flexible subaccounts you are able to divide up each of your investments into separate accounts under the same loan. Each account can have its own set of repayment options assigned to it while still being under the umbrella of one loan. The NAB Portfolio Facility allows you to have up to 12 sub-accounts and at least one of the sub accounts must be under a variable interest rate.
- How much can you borrow. The NAB Portfolio Facility allows you to borrow up to 90% of the value of your property. However, if you would like to take out mortgage insurance you can borrow up to 90% of the value of your property.
- Fee exemptions. The NAB Portfolio Facility helps you save money by exempting you from a range of fees. The fees that may be exempt from the NAB Portfolio Facility are:
- ATM fees from using non-NAB and overseas ATMs;
- Day to day banking charges;
- And periodical payment fees.
- 100% interest offset. Interest offset account allow you to deposit your savings into the offset account. These funds in the offset account will then be taken into consideration when calculating the interest on your loan. Therefore the more money you have in the offset account the less you will be charged on interest. This feature is available with any NAB Portfolio Facility subaccount that has a variable interest rate.
- An effective management system. The advantage of having all your funds linked to the one loan is the ability to easily manage all your accounts and investments. Separate invoices will be sent out for each account and each account can then be dealt with individually.
Line of credit loans are a great way to build your investment portfolio. They allow you to draw on funds whenever you need them and are flexible with the way you repay the loan. The NAB Portfolio Facility is a line of credit facility that has many additional features. The main feature of the NAB Portfolio Facility is that each of your investments can be partitioned into up to 12 different subaccounts. Each of these subaccounts can be managed differently and be subject to different interest rates and the features associated with the interest rate. In addition to the above, the NAB Portfolio Facility also offers reduction in fees to help you save even more money. With the NAB Portfolio Facility you can be sure you are getting the best line of credit loan available.
Read the NAB Portfolio Facility (LOC) - $250,000 - $499,999 terms and conditions.
| Minimum Loan Amount | $250,000 | |
|---|---|---|
| Maximum Loan Amount | $499,999 | |
| Maximum LVR | 90% | |
| Maximum Insured LVR | 90% | |
| Mortgage Offset Account | Yes | |
| Loan Redraw Facility | Yes | |
| Split Loan Facility | Yes | |
| Fixed Interest Option | Yes |
| Interest Rate Type | Variable | |
|---|---|---|
| Interest Rate | 6.56% | |
| Repayment Type | Interest Only | |
| Repayment Frequency | Weekly | |
| Extra Repayments | Yes |
| Application Fee | $0 | |
|---|---|---|
| Legal Fee | $0 | |
| Valuation Fee | $0 | |
| Service Fee | $550 | |
| Settlement Fee | $0 | |
| Exit Fee | $150 | |
| Early Termination Fee | $0 |
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