Using your equity

Once you've built up some equity in your home, we can help you use it effectively. Whether you want to increase the value of your home, make good investments or improve your lifestyle, now or later in life, you’ll find advice on how you can do it here.

Increase your home loan

If you’re planning renovations or need some extra money, you may be able to borrow additional funds on your existing home loan. This way you can use the equity you’ve already built up and you won’t need to take out a separate loan.

Accessing your repayments

If you’ve been paying more than the required repayment amount on your loan, you’ve also been building up equity in your home. You may be able to redraw these extra repayments (specials) with Repayment Redraw.

Reverse Mortgage (Equity Unlock Loan for Seniors)

If you're aged 65 or over and own your home, you could use the equity in that home to make your retirement more comfortable. Equity Unlock for Seniors allows you to access money without changing your lifestyle or selling your current home.

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Apply for a line of credit

With a Viridian Line of Credit account you can combine your home loan with all of your daily spending. It makes your money work harder by letting you pay your salary or other income directly into your loan account, which you can then access.

Get a free Home Loan Health Check

As an existing customer you have access to our free Home Loan Health Check whenever you want one. If you’re looking to build equity quickly to use on renovations or investments, talking with one of our experts can help.

Refinancing your home loan

If you’re looking to renovate or expand, an alternative to using your equity is refinancing your home loan. Find out all the benefits and costs involved to refinance your loan with us.

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Important information
Applications for finance are subject to the Bank's normal credit approval. Full terms and conditions will be included in the Bank's loan offer. Fees and charges are payable. View the Consumer Mortgage Lending Terms and Conditions.