Details.
Increase your loan and access increased property equity as cash, subject to servicing and bank approval. Equity can generally be accessed up to 80% of the property's current value. Cash may be used for acceptable purposes including renovations, purchasing a car, paying off debt or credit cards, a deposit on another property, buying another property outright, shares, managed fund investments, holidays and weddings. Lending policies vary between banks, including maximum LVR, maximum cash out amount, acceptable purposes, cash control and valuation requirements.