Home > Loans > Home loans > Your first home > Now it's yours > Making the most of my loan > Use your equity

Equity is the difference between the market value of your home or property, and the amount of your loan.

This equity can be used to buy another property, renovate your home or other properties, buy a car, make an investment in shares - or any other worthwhile purpose.

One thing to remember if you’re considering accessing the equity in your home: keep your total loan to a maximum of 80%, depending on your home loan, of the property’s value. If you borrow more than this, you may have to pay Lenders Mortgage Insurance.


There are a number of ways to access your equity:

  1. Top up your loan 
  2. Redraw your payments in advance
  3. Use your current property as security for another property
  4. Take out an additional loan and secure it against your property


For further information call 13 12 21 8am to 7pm, weekdays or 9am to 3pm, Saturday.

Not a member?

Not a Member Join now

Apply for

Talk to us

Tools and calculators

Quick links