Some Benefits of Bank of Melbourne Line of Credit
$150 establishment fee
Establishment fee of $150 is added to your loan amount
Apply for a credit limit ranging from $5,000 to $50,000
Only pay interest on your outstanding balance, not the assigned credit limit
Make extra repayments
Make payments above the minimum monthly repayment at any time
No fee for additional withdrawals, no early repayment fee and no exit fee.