Revolving credit home loan

This home loan is like combining your transaction, 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 unless you need to exceed this limit. If you aren’t confident in budgeting or actively managing your finances, this loan is not suitable for you. If you’re looking for payment certainty, you might like to consider either a fixed interest rate home loan or have a combination of fixed and floating

It may be suitable if you have a fluctuating income. If you direct your income into your revolving credit home loan, you’ll lower your account balance and reduce your interest cost as a result. This is because you are only charged interest on the outstanding balance of your home loan. 

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. 

About the revolving credit home loan

An all-in-one account

Since your home loan and transactional account are combined, you can access funds up to your credit limit at any time. Directing your income into this account will help lower your loan balance and also help you reduce interest costs. If you aren't confident in budgeting or actively managing your finances this loan is not suitable for you. 

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

Min 20% equity

Orbit Home Loan (Variable)
Housing variable rate
24-month fixed rate*
36-month fixed rate*
48-month fixed rate*
60-month fixed rate*
6-month fixed rate*
12-month fixed rate*
18-month fixed 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.


Rates may change. Loan processing fee of up to $400 may apply. After the fixed rate period the Housing Variable Rate will apply. For those with less than 20% equity see here for rates.

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Other options to consider

ASB's lending criteria, terms and fees apply. This information does not have regard to the financial situation of any reader. As individual circumstances differ, you should seek appropriate professional advice. 

Home loans Revolving credit home loan