Home & Investment Loans
Written by Lorraine Marsh
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The Credit Union offers five home and investment loan options for you to choose from.
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First Rate Home Loan
This basic home loan offers you a great ongoing variable interest rate, no monthly account keeping fees and the flexibility to make extra repayments without penalty so you can manage your mortgage as you choose.
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Free redraw facility available
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Loan repayment insurance available
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Borrow from as little as $30,000
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5.69%pa
interest rate
5.77%pa1
comparison rate
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Additional Information |
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First Rate Home Loan |
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Variable interest rate |
View our interest rates |
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Minimum amount |
$30,000 |
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Maximum amount |
90% of the property value |
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Loan period |
Up to 30 years |
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Repayments |
Monthly / Fortnightly / Weekly |
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Interest charges |
Calculated daily, charged monthly |
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Legal Fees |
At cost |
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Valuation Fees |
At cost |
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Variable and lump sum repayments |
Yes |
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Early repayment without penalty |
Yes |
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Redraw facility |
Yes |
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Top up facility available |
Min $10,000 |
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Monthly account keeping/service fees |
No |
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Free death cover (up to $120,000 per membership) |
No |
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Loan Repayment Insurance available |
Yes |
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Auto repayments (salary/account) |
Yes |
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100% Offset Facility |
No |
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FREE monthly transactions |
13 |
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Annual fee on Visa Credit Card |
Yes |
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Access to 'Premium Rate' for personal loans |
No |
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Switching fee to Fixed Rate |
Yes |
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Bonus rate on Term Deposits |
No |
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Monthly fees on Visa Debit or Redicards |
No |
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All in One Home Loan
The All in One Home Loan offers you complete flexibility with a full range of features, and a highly competitive variable interest rate.
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Free death cover up to $120,000
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100% Interest Offset facility
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No annual fee on Visa Credit Card
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5.95%pa
interest rate
6.04%pa1
comparison rate
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Additional Information |
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All in One Home Loan |
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Variable interest rate |
View our interest rates |
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Minimum amount |
$30,000 |
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Maximum amount |
90% of the property value |
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Loan period |
Up to 30 years |
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Repayments |
Monthly / Fortnightly / Weekly |
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Interest charges |
Calculated daily, charged monthly |
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Legal Fees |
At cost |
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Valuation Fees |
At cost |
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Variable and lump sum repayments |
Yes |
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Early repayment without penalty |
Yes |
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Redraw facility |
Yes |
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Top up facility available |
Min $10,000 |
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Monthly account keeping/service fees |
No |
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Free death cover (up to $120,000 per membership) |
Yes |
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Loan Repayment Insurance available |
Yes |
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Auto repayments (salary/account) |
Yes |
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100% Offset Facility |
Yes |
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FREE monthly transactions |
20 |
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Discount on General Insurance |
Yes |
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Annual fee on Visa Credit Card |
No |
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Access to 'Premium Rate' for personal loans |
Yes |
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Switching fee to Fixed Rate |
No |
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Bonus rate on Term Deposits |
Yes |
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Monthly fees on Visa Debit or Redicards |
No |
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Fixed Rate Home Loans
By locking in your interest rate with our fixed rate loan you get the certainty of knowing exactly what your interest rate will be no matter what happens in the market. Our competitive fixed rate terms are available for 1, 2, 3 and 5 years.
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No monthly account keeping or service fees
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Borrow from as little as $30,000
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Make up to $10,000 in extra repayments without penalty
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From
5.14%pa
interest rate
5.69%pa1
comparison rate
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Additional Information |
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Fixed Rate Home Loans |
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Fixed Rate terms available |
1, 2, 3 and 5 years |
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Minimum amount |
$30,000 |
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Maximum amount |
90% of the property value |
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Loan period |
Up to 30 years |
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Split Option |
Yes |
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Interest charges |
Calculated daily, charged monthly |
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Loan set up costs (Valuation & Solicitor) |
At Cost |
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Establishment Fee |
Yes - refer to Fees and Charges Brochure for applicable fee |
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Additional Repayments |
Limited to $10,000 in any one year without penalty |
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Early Repayment Fee |
Yes - if paid out before expiry |
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Redraw facility |
No |
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Monthly account keeping/service fees |
No |
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Loan Protection Insurance (Death cover up to $120,000 per membership) |
Optional - refer to Interest Rate Schedule for applicable rate |
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Loan Repayment Insurance available |
Yes |
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Auto repayments (salary/account) |
Yes |
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Option to lock in interest rate at the time of application |
Yes - refer to Fees & Charges Brochure for applicable fee |
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First Home Buyers Loan
To help you onto the property ladder we will lend against a greater proportion of the property value and reduce your application fee.
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No Application fee
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Loan set up costs (valuation & legal fees) capped at $450
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Option to choose between our First Rate Home Loan and our All in One Home Loan
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From
5.41%pa
12 month introductory variable interest rate
5.48%pa1
comparison rate
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Additional Information |
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First Home Buyers Loan |
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Loan Period |
Up to 30 years |
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Repayment options |
Weekly, fortnightly or monthly |
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Establishment fee |
Capped at $450 (Legal and valuation fees) |
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Ongoing fees |
No |
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Redraw facility |
Yes |
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Extra payments without penalty |
Yes |
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Early payout without penalty |
Yes |
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Auto repayments (salary/account) |
Yes |
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Interest only option |
Yes (1 year) |
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This table is provided as a guide only. Terms and conditions are available on application or request. |
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First Home Buyers Loan Introductory rate will revert back to the First Rate Home Loan variable rate after the 12 month period. |
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Interest Only
Repay only the interest on the principle during the term of your loan. At the end of your loan term you must repay the principle as a lump sum.
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Interest calculated daily and charged monthly
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No monthly account keeping or service fees
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Borrow from as little as $30,000
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5.69%pa
interest rate
5.77%pa1
comparison rate
|
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Additional Information |
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Interest Only Home Loan |
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Variable interest rate |
View our interest rates |
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Minimum amount |
$30,000 |
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Maximum amount |
90% of the property value |
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Loan period |
Up to 5 years |
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Repayments |
Monthly |
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Interest charges |
Calculated daily, charged monthly |
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Legal Fees |
At Cost |
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Valuation Fees |
At cost |
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Variable and lump sum repayments |
Yes |
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Early repayment without penalty |
Yes |
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Redraw facility |
Yes |
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Top up facility available |
Min $10,000 |
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Monthly account keeping/service fees |
No |
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Free death cover (up to $120,000 per membership) |
Yes |
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Loan Repayment Insurance available |
Yes |
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Auto repayments (salary/account) |
Yes |
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'Tide You Over' Home Equity Loan
This mortgage account works like an overdraft where you allocate your income to reduce the outstanding balance.
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Only pay interest on the portion of the overdraft used
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No monthly account keeping or service fees
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Interest calculated daily and charged monthly
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6.02%pa
interest rate
N/A
comparison rate
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Additional Information |
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Tide You Over Home Equity Loan
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Variable interest rate |
View our interest rates |
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Minimum amount |
$30,000 |
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Maximum amount |
70% of the property value |
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Loan period |
Continuing credit |
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Repayments |
Monthly |
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Interest charges |
Calculated daily, charged monthly on the portion of the overdraft used |
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Legal Fees |
At Cost |
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Valuation Fees |
At cost |
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Variable and lump sum repayments |
n/a |
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Early repayment without penalty |
n/a |
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Redraw facility |
n/a |
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Top up facility available |
Min $10,000 |
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Monthly account keeping/service fees |
No |
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Free death cover (up to $120,000 per membership) |
Yes |
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Loan Repayment Insurance available |
Yes |
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Auto repayments (salary/account) |
Yes |
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Useful Links
Questions?
If you have any questions, please contact us. 
1 Comparison Rate is calculated on a loan amount of $150,000 over a term of 25 years based on monthly repayments. These rates are for secured loans only.
WARNING: These comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
