Revolving credits

A revolving credit can be a great way to get your home loan to work for you.

In most circumstances, you would prefer to pay down your home loan as quickly as possible. A revolving credit can be a great option for this by allowing you greater ability to pay down your loan at any time.

What is a Revolving Credit?


Revolving credits are designed for those looking to save and decrease their lending quicker than their term. They offer flexibility and convenience working similar to an overdraft where you have your home loan as a debt on your transactional account and you are able to use this account for crediting funds and outgoings while paying interest on the balance owing. A revolving credit allows you to borrow up to a certain credit limit and repay the borrowed amount over time, with the ability to borrow again once you’ve repaid.


One of the key advantages of revolving credit is that not only do you have access to funds available should you need, but you're also only charged interest on the amount you use, not the entire credit limit. With flexible repayment options and the ability to access funds as needed, revolving credit can offer financial freedom and security when used wisely.

To fully understand what may be best for your situation when it comes to structuring your loan, we recommend speaking with a mortgage advisor who can provide expert advice tailored to your situation.

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