By General
The Master Limit feature is an overall lending limit that is available for a borrower's financing needs, now and in the future. It can provide flexibility to borrowers to restructure their debts between deductible and non-deductible debt, for either 5 or 10 years. The Master Limit (up to a maximum of 80% LVR or the applicant's borrowing capacity) may be approved when the applicant applies for a loan and can consist of up to 10 splits or 'sub-accounts' of which the combined total credit limits must always equal the Master Limit.
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