In a move Macquarie Bank is calling an Australian first, its portfolio loan customers can now draw unlimited funds from their loan facility online.
The flexible loan, Macquarie One, allows investors to unlock the equity in their property portfolio for a wide range of investment purposes, including all property types, direct equities and managed funds.
With the new enhancement, clients are now able to transfer $1 million online for example, into their real estate agent’s trust account if needed.
Clients can also access their money online anytime and make as many transactions as they want for a monthly flat fee.
Macquarie business banking division director Dean Firth said the bank was responding to an increasingly investment savvy public by handing over ownership.
“We developed Macquarie One to enable our clients to unlock the equity in their diversified property portfolios and quickly, and easily, pursue investment opportunities in whatever asset class they may want,” he said.
