How does a Portfolio Loan differ from a normal overdraft?
An overdraft is generally a limit attached to a transaction account and is usually unsecured. A Portfolio Loan is secured by residential property and is one overall approved limit that can be used for a home and other investments of your choice. You can open up to 10 sub-accounts to make managing your investments easier, and choose a mix of variable and fixed interest rates1. You also get individual monthly statements for each sub-account to streamline your record keeping.
