Line of credit

Features - EECU

Key Features


Variable interest rate
A very competitive interest rate for a continuing credit facility as it is mortgage secured.

Loan term
There is no fixed time the facility is made available. The facility can be closed at any time as long as any outstanding balance is repaid.

Minimum amount
$20,000


$20,000

Maximum amount
Refer to an EECU loans officer for details

Purpose
Can be used for any purchase or investment to meet the borrowers need.

Repayment options
Interest Only on the amount owed.

Repayment frequency
No set period.

Additional payments
Payments can be made into the facility at any time.

Early repayment
The outstanding balance can be repaid and the facility closed at any time without penalty.

Withdrawals
Withdrawal via internet
Yes Free

Withdrawal via telephone
Yes Free

Withdrawal staff assisted
Yes Fee applies

Other benefits
Free account transactions

Settlement fee
$300

Purpose
Can be used for any purchase or investment to meet the borrowers need.

Repayment options
Interest Only on the amount owed.

Repayment frequency
No set period.

Additional payments
Payments can be made into the facility at any time.

Early repayment
The outstanding balance can be repaid and the facility closed at any time without penalty.