If you want confirmation that our Home Loans offer outstanding value, read on!
A recent comparison has shown that our members can save up to $41,831 in interest charges over the life of their loan when compared to other home loan providers*.
Maritime, Mining & Power Credit Union offers one of the best value home loans in Australia. See how we compare for a $250,000 loan over 30 years:
| Variable Rate p.a * | Comparison Rate p.a. + | Loan Repayment p.m. | Total Interest Payment | Amount Saved | |
|---|---|---|---|---|---|
| Maritime | 6.24% | 6.30% | $1,537 | $302,022 | |
| ANZ | 6.91% | 7.01% | $1,648 | $343,853 | $41,831 |
| St George | 6.89% | 7.05% | $1,644 | $342,138 | $40,116 |
| NAB | 6.74% | 6.87% | $1,691 | $333,140 | $31,118 |
| CBA | 6.74% | 6.86% | $1,620 | $333,008 | $30,986 |
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Questions?
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*MMPCU Standard Variable Home Loan Rate available from the 17th December 2008, subject to change without notice. Terms and conditions, fees and charges and approval criteria apply. Bank's Standard Variable Home Loan Rates correct as at 15th December 2008, taken from the institution's website.
+Comparison rate based on $150,000 loan over 25 years secured with monthly repayments.
WARNING: This comparison rate applies only to the examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. A Comparison Rate Schedule is available here or at out branches. This offer may be withdrawn at any time.
+Comparison rate shown for the banks Standard Variable Home Loan product based on $150,000 loan over 25 years (taken from the bank’s website 15th December 2008).