Own your home in fewer than 10 years
Allegro Line of Credit Home Loan – at a very
competitive 5.99 % *p.a.
How to reduce dramatically the time it takes to
pay off your home loan
We all want to get our money working harder for our benefit.
An “Allegro” line of credit Home Loan is specifically designed to
achieve that. Allegro is the Police Credit Union’s secured line of credit
Home Loan. By bringing all of your accounts into a single, all-in-one account,
you can reduce your outstanding balance quicker, which means you own your home
sooner. It enables you to use all your money, all the time, to reduce the
amount of interest you pay.
Allegro does it all
Why attempt to manage a number of savings and credit accounts
in conjunction with a home loan? Accounts such as multiple personal loans, home
loans, savings and cheque accounts each generate fees and paperwork, and can
make it harder to keep track of your finances. PCU has the answer with the
simple-to-manage Allegro line of credit Home Loan.
Use Allegro as a transactional account: have your pay going
directly into Allegro and then pay your bills and other expenses directly from
it. As interest is calculated daily, the unused portion of your income is
working for you, to reduce the interest you will pay.
Your loan is paid off faster because you are repaying your
debt with as much of your salary as you possibly can, but your lifestyle
doesn’t have to be compromised.
Easy Funds Access
Quite simply, Allegro line of credit Home Loan is like a large
overdraft secured by residential or investment property. The account can be
accessed like a savings account using:
- Cheque book.
- VISA card.
- EFTPOS facilities.
- Any ATM Australia wide (except AMEX).
- Ivy Phone Banking.
- PCUnet Internet banking.
- BPAY.
You can even have bills paid automatically from the account
using Periodical Payments, and direct debits.
Allegro has other advantages on top of its very competitive
interest rate:
- No annual fee.
- No monthly account keeping fee.
- Free VISA “credit” option withdrawals.
- Free Internet and phone (IVY) transfers.
Earn Interest
When no amount is owed on your Allegro line of credit Home
Loan, any credit balance will attract interest, which is calculated on the
minimum monthly balance in accordance with the steps relating to the S1
account.
Payments
Payments are made when your salary is credited to your loan
and you then have access to any of the money you have paid off from your
original loan (up to your approved limit). Deposits are unlimited and can also
be made by:
- Transfers via phone or internet.
- QuickDebit.
- Over the counter deposits.
- Posting a cheque.
Easy account keeping
You are provided with a monthly statement and, in between, you
can check your transactions 24 hours a day for free using the phone banking
system, or internet banking.
For more information or an Allegro application form, call 131
844.
*Rate of 5.99% p.a. is our current Allegro
discount variable rate for the first 12 months, this rate is subject to change
if the Allegro variable rate changes. After 12 months the rate will revert to
our Allegro variable rate currently 6.64% p.a. Terms Conditions fees and
charges apply. Rate is current as at 1/4/03. The loan period is based on
assumptions that may not match your circumstances. Police Credit Union Limited,
ABN 30 087 651 205.
® Registered to BPAY Pty Ltd ABN 69 079 137
518.
