A Go Home Loan can save you thousands in interest and fees if you use it as your home loan and transaction account in one. To use your Go Home Loan as your transaction account you need to have at least part of your loan on a floating interest rate.

Go Home Loan is a flexible, cost effective way to purchase a home, apartment or unit, while helping you save thousands in interest and fees.

• By paying your salary (and any other income) directly into your Go Floating Rate loan account you immediately lower your loan account balance and the amount of interest you pay.
• If you use your credit card for all your everyday purchases, you can keep your Go Floating Rate loan account balance lower for even longer. To maximise the benefit, you must always pay your credit card balance in full on the due date.

• If you've paid all your income into your home loan, how do you pay bills, make everyday purchases or save for a holiday? That's where redraw comes in.
• You can use the redraw facility to access funds by Go Card, Go Online or Go Phone as you need them, to pay for everyday expenses, pay bills or make major purchases.
• Your Go Floating Rate loan has a borrowing limit, which reduces over time. This is known as your required balance. Because you have paid your salary into the loan, the actual balance will be lower than the required balance. This is the difference you can redraw on. You can take money out of your account ('redraw' it) as often as you like, as long as you stay within your required balance.
• To keep your Go Home Loan on track, you need to repay a minimum amount each month. If you only ever make this minimum repayment, your loan balance will stay within its required balance, but you won't have any funds available to redraw.
• However, if you repay more than the minimum amount each month, your loan balance will fall below your required balance. The difference between your actual loan balance and your borrowing limit is the amount you have available to redraw. And the good news is that you save interest on this amount.

For example^*:

• Your Go Card can be used to withdraw cash at ATMs in New Zealand and overseas, to deposit cash at an ASB branch lobby ATM, and to make purchases and withdraw cash using EFTPOS*.
• You can also check your loan balances, transfer funds, view statements, pay bills and make transactions using Go Online, Sovereign's internet banking service.
• You can also use Go Phone, a 24-hour automated telephone banking service that lets you check your loan balances, pay your bills, review recent transactions and order a statement.

• Automatic payments, which are useful for regular payments of the same amount to a payee’s bank account.
• Bill payments allowing you to pay your bills of varying amounts to another payee’s bank account. You choose when and how much to pay.
• Direct debits allow a specified third party to access your account for payment. (They must notify you in advance of the amount.)
• E-cheque for one-off payments to another bank account via Go Online internet banking.

• Enjoy the flexibility, convenience and savings available with a Go Home Loan. Call your Union Plus Home Loans adviser to apply today.

• Individuals and families
• Self-employed borrowers
• First home buyers
• Property investors
• New immigrants
• Construction of new homes