NAB’s new loan product
National Australia Bank has launched a Limited Recourse Loan product specifically aimed at helping superannuation investors increase their exposure to specific investments by borrowing additional principal on a limited recourse basis.
According to NAB, an investor will not have to repay more than the value of their investment if they default in payment at any time or the value of their investment at the maturity date is less than the amount of the loan.
Commenting on the product, Nab Capital Investor Services Group head, John McClusky said it represented the latest addition to a range of options designed to help clients manage risk and build long term wealth.
The product will be offered to new investors in the Man OM-IP Essential Fund which features a NAB Capital Guarantee but the bank intends rolling it out in association with other investments.
AUTHOR
Mike Taylor
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