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myrate all in one line of credit
MyRate All in One Line of Credit by MyRate
MyRate All in One Line of Credit
Institution : MyRateTheir Blurb
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Our View
The MyRate All-in-One Line of Credit lets you use the value of your property as collateral to borrow cash. You can use this money for anything that may crop up from time to time such as the birth of a child, or your children's education. Deposit your salary directly into the account and save on interest. Enjoy no application or monthly fees and make additional repayments when you have the cash.
Pros
- Only may interest on what you spend
- No initial fees
- Redraw cash whenever you need to
Cons
- Higher interest rate
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MyRate Product Types
| The Facts & Figures | |
|---|---|
| Special offers | - |
| Min Loan Amount | $ 100000.00 |
| Repayment Holiday | No |
| Introductory Term | - |
| Max Loan Amount | $ 2000000.00 |
| Ability to Split Loan | Yes |
| Max LVR | 90.00 % |
| Loan Type | Line of credit |
| Extra Repayments | No |
| Minimum Loan Term | - |
| Early repayments | No |
| Offset Account Available | No |
| Maximum Loan Term | - |
| Redraw Facility | No |
| The cool stuff: features | |
| Settlemet Fee | 0.00 |
| Redraw fee | - |
| Application Fee | $ 0.00 |
| Interest only Payments | Yes |
| Administration Fee (monthly) | $ 0.00 |
| Draw Down Loan Progressively | - |
| Valuation Fee | 0.00 |
| Loan is Transferable | Yes |
| Legal Fee | 0.00 |
| Line of Credit Available | Yes |
| Required Insurance | - |
