Revolving credit home loan

This home loan is like combining your cheque, savings and home loan accounts into one. You can draw funds up to your credit limit and repay funds at any time, giving you flexibility

Benefits at a glance

  • Draw down, repay and redraw funds at any time within your credit limit
  • Minimise your interest costs, by using your income to lower your loan balance
  • Choose between a fixed or reducing credit limit
  • Access your account anytime with online banking, phone banking, EFTPOS, ATMs and ASB branches

Is it right for me?

A revolving credit home loan may suit you if you want a flexible loan that allows you to repay and redraw up to your credit limit at any time. Your available funds are always on call, so you don’t have to reapply when you need extra funds.

It may be suitable if you have a fluctuating income. Or if you want to direct your income into your home loan account lowering your balance and therefore reducing interest costs, until you need to use the funds again.

Revolving credit home loans are on a floating interest rate, so you should keep in mind your interest rate and payments may go up or down in line with market conditions. So if you’re looking for payment certainty, you might like to consider either a fixed interest rate home loan or have a combination of both fixed and floating.

About the revolving credit home loan

A credit limit starting from $10,000

Our revolving credit limits start at $10,000 and can go as high as $500,000 depending on your financial situation and purpose.

An all-in-one account

Because your home loan and your transaction account are combined, you can access your credit limit at any time, and use this account for your everyday banking. Directing your income into this account will help lower your loan balance, helping to reduce your interest costs. Then when you require funds for things like the monthly bills, simply withdraw it within your credit limit.

Flexibility with a variable interest rate

This loan has a variable interest rate so it may increase or decrease in line with market conditions.

Fixed or reducing credit limit

Choose a payment option that suits you. With revolving credit you have the option of an Orbit Home Loan; where your credit limit stays the same over the life of the loan, or an Orbit FastTrack Home Loan; where the credit limit reduces regularly. A reducing limit can help you with repaying the principal on your loan.

Orbit and other home loan interest rates & specials

Orbit Home Loan (Variable)
Housing variable rate

*Rate not available for Orbit or Orbit FastTrack
The housing variable rate applies to all Orbit and Orbit FastTrack facilities documented before 31 October 2016.


ASB's lending criteria, terms and fees apply. Interest rates are subject to change. Loan processing fee of up to $400 may apply. A monthly account fee applies to Orbit and Orbit Fast Track Home Loans, which is based on your facility limit. Click here to see our fees. A Low Equity Margin may apply.

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Other options to consider

ASB’s lending criteria, terms and fees apply. Loans for business purposes are excluded. Orbit Home Loans are subject to specific lending criteria and are periodically reviewed by ASB. ASB may require an updated valuation at your own cost.

Home loans Revolving credit home loan