Regional Australia Bank’s Mortgage Overdraft offers the ultimate in flexibility if you need to balance the competing pressures of maintaining your cash flow and home loan repayments. In addition to your home loan, you could also use a Mortgage Overdraft as flexible, accessible finance to consolidate other debt, buy a car or boat or take a well-deserved holiday!

Our Mortgage Overdraft functions like a Line of Credit, you can credit your full salary to the account to reduce interest, while maintaining instant access to withdraw draw funds all the way up to your approved credit limit. Access is available via the Internet, Mobile and Phone Banking, cards, cheques and in person through our Branch network and Service Support Centre, giving you the benefits of a full transactional home loan.

There are no regularly scheduled payments, no monthly fees and no fees for the unused portion of your credit limit - you’re only charged interest on the balance you’ve drawn.

Plus, you get the added reassurance of a dedicated Relationship Manager as your single point of contact, both to help you get started and at any time you need throughout your loan. Having a real person to deal with third parties and talk you through the complexities of the purchase process can save you time, money and effort, so you can focus on the more important things in life!