Aussie MasterCard Credit Card

You don't need to be an Aussie customer

Citibank Clear Credit Card

Ongoing low interest rates

NAB Low Rate Visa Credit Card

Live life at a great rate

Welcome to Banks.com.au

Calculate what is best for your financial situation with the Banks.com.au Online Calculators.

Top 5 Calculators

A | B | C | D | E | F | G | H | I | J | K | L | M | N
O | P | Q | R | S | T | U | V | W | X | Y | Z

Equity reduction limit

The equity reduction limit puts a cap on the amount you can deduct from your home equity. Once you react this limit, you can no longer advance loan funds from your property value. The limit ranges from 50% to 80% of the value of the property, or a reduction of 50% to 20% of the home equity. The equity reduction limit is usually set by the lender, although some allow the borrower to define the cap. Equity caps keep you from overdrawing on your funds and ensure that your mortgage stays sustainable.

Featured Products

Aussie MasterCard Credit Card

With the Aussie MasterCard you get a great low interest rate of 11.99% p.a.* on purchases and a competitive 17.99% p.a.* on cash advances. Now that's more like it.
Apply Now or Find out more

Citibank Clear Credit Card

0% on balance transfers for 6 months as well as a low interest rate of 12.49% p.a. on purchases*. With Citibank Clear Card, the choice has never been clearer.
Apply Now or Find out more

Featured Bank

ANZ Bank

ANZ is one of the largest banks in Australia and offers a wide range of credit cards.

View and Compare all ANZ Credit Cards

Banks.com.au is an independent reviewer of the Australian financial sector. Banks.com.au is not an Australian registered bank, building society or credit union.
Banks.com.au is a privately owned information portal and is in no way a part of or associated with any financial institution.