Features & benefits
- Only pay interest on what you withdraw
If you do not withdraw funds from your approved line of credit, we will not charge you interest.
- Full flexibility to withdraw what you need, when you need it
It is a line of credit, so you can keep depositing and withdrawing up to your approved credit limit.
- Repayments that suit you
You can choose your own repayment schedule.
- Easy access to your money
You can access your money any time using ATMs, our Internet Banking or JTR Mobile tools.
- Transparent fees
All fees associated with opening a Home Equity Loan will be communicated with you clearly and early-on so you know exactly what to expect.
|Interest rate||8.25% p.a. for loan limit US$200,000 and above (variable)
8.50% p.a. for loan limit below US$200,000 (variable)
|Loan approval fee||1% of loan amount|
|Minimum loan amount||US$10,000|
|Maximum loan amount||Up to 80% of the property valuation or $1.5M (whichever is lower)|
|Maximum loan term||15 years|
|Early repayment fee||4% for lump sum payment within lock-in period|
|One-off associated costs
(payable when Letter of Offer is issued)
|Property valuation: US$150-$250
Legal fee: $200
Collateral title deed registration: starts from $185*
|Other one-off associated costs||Fire insurance (must be renewed annually)|
Interest rate is calculated daily and charged at the end of each month.
All of these fees are subject to change without notice.