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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 this loan

A credit limit starting from $10,000

Our revolving credit limits start at $10,000 and can go as high as $1,000,000 depending on your financial situation.

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 floating interest rate

This loan has a variable (floating) 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.

Home loan interest rates & specials

Fixed 12 month special rate

Min 20% equity required. Ts&Cs apply.

Fixed 18 month special rate

Min 20% equity required. Ts&Cs apply.

Fixed 24 month special rate

Min 20% equity required. Ts&Cs apply.

Fixed 36 month special rate

Min 20% equity required. Ts&Cs apply.

Fixed 48 month special rate

Min 20% equity required. Ts&Cs apply.

Fixed 60 month special rate

Min 20% equity required. Ts&Cs apply.

24-month fixed rate

6-month fixed rate

12-month fixed rate

18-month fixed rate

36-month fixed rate

48-month fixed rate

60-month fixed rate

Housing variable rate

ASB's lending criteria, terms and fees apply. Interest rates are subject to change. A loan processing fee of $400 may apply.

Apply for an ASB home loan

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Any questions?

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0800 100 600

Other options to consider

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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. A $12 monthly account fee applies to Orbit and Orbit FastTrack Home Loans, which may be altered from time to time.

Home loans Revolving credit home loan