A line of credit loan can be defined as the borrowing limit that is pre-set and can be utilised at any given time. The borrower is allowed to access the funds present in the line of credit as long as the maximum amount does not get exceeded. The value of the maximum amount is set and agreed upon in the initial agreement between the lender and borrower. The line of credit is beneficial for cases and items for which the banks are not easily willing to provide loans.
Line of Credit Loan
Line of Credit Loan
Benefits and Things to Remember
- The major advantage of the line of credit loan is the characteristic of being able to borrow the needed amount without having to pay the interest amount on a large loan.
- The flexibility of the term is also present with the borrower, which enabled him to return the amount owed by him at his own ease.
- This loan type is suitable for people, who have a variable monthly income or for investing in a project that has an unpredictable cost.
- The credit history of the borrowers is required to be good to be eligible for acquiring this loan.
- Unsecured type of line of control loans are cheaper as compared to other loan options; however, it can play against you if you are not able to pay back the payments on time.
Why is it a smart choice to contact our mortgage brokers
Your expert guide in home buying journey
It is not an easy task to buy your first home. In fact it sure is one of the biggest financial decisions one makes in a lifetime. There is too much to know as it will be a completely new learning curve and no doubt there will be a lot of anxiety.
Therefore it definitely helps to have someone by your side throughout the home buying journey, making sure you understand the process every step of the way.
More options for all client profiles
Type of employment can have a bearing on what loan option and which bank will be best suited for you. We get cases for a lot of self employed clients who say that it has been difficult for them to get the desired loan. Our brokers specialise in loan applications for all types of employment. Whether you are self employed or on a casual or part time employment or having irregular incomes, our brokers have in-depth knowledge of the bank policies and can suggest a loan solution as per your unique situation.
Access to a wide range of loan products
Our brokers work for your benefit. They are not working for a particular bank, or vendor or any real estate agent. They have just your best interest in mind and therefore can compare a wide range of loan products.
Personalised attention
With Nfinity Financials you will get a personalised attention to your requirements, which you may not find with big corporate style financial institutions or banks. Our clients are our first priority.
Our Client Testimonials
See what our customers have to say about Nfinity Financials products, people and services.
“I know Parag since 4 years now, he has not just helped me in home-loan process but he also helped me in buying the property with correct calculations. His vast experience in the market automatically reflects…”
Excellent and One Stop Solution
“Parag Dixit is very professional and excellent in communication to make sure all your doubts has been cleared. He is available for any time and made sure entire process went on well seamless manner…”
“Deepak helped us to secure our mortgage for our first home, I would recommend Nfinity without any hesitation. Both Parag and Deepak were very professional, helpful and worked with us…”
We are here to help you
Our mission is to provide reliable, quick and trustworthy mortgage services.
Apply For Loan
Looking for a home loan , business loan or getting a car loan ? Get the best loan options now.
Call us at
1300 GET LOAN
1300-438-562
info@nfinityfinancials.com
Suite 215, East Wing, 33 Lexington Drive, Bella Vista NSW- 2153
Talk to Advisor
Need quick advice for your loan? Talk to our Loan advisors to get the best loan options.
