Category: Business Loans Last Updated November 28, 2023 Effective May 3, 2024
General Lending Rates
Rates listed below are for a FIXED P&I product. Additional Information
Interest Rate 7.70% PA
Comparison Rate 0.00%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.
Product Variations
Product rates and conditions will usually vary based on the LVR and other conditions..
, VARIABLE, 7.95%
Lending Rate Type: Variable
Interest Rate: 7.95%, Comparison Rate 0.00%
Repayment Type: Principal And Interest
Loan Purpose:
Product Features
Digital BankingAdditional Information: Account available through Internet Banking and WCU Connect App
Product Eligibility
Min Age - 18. Additional Information: Minimum 18 years old and Shareholder
Residency StatusAdditional Information: Individuals must be citizens or permanant residents of Australia
OtherAdditional Information: Customer of the Credit Union
Bank Fees and Charges
Break Cost Administration Fee (Event), Amount: 100.00. Additional Information: Administration Fee charged on fixed rate loans when economic cost is calculated
Citec Check Title Search (Upfront), Amount: 26.20. Additional Information: Payable on funding of a new loan
Citec Title Search (Upfront), Amount: 25.63. Additional Information: Payable for each Title Search ordered
Establishment Fee (Upfront), Amount: 600.00. Additional Information: Payable on funding of a new loan - price confirmed on application
In House Search Fee (Upfront), Amount: 33.00. Additional Information: Payable on funding a new loan when requesting a title search
Loan Arrears Letter Fee (Periodic), Amount: 12.50. Additional Information: Charged once a loan has gone into arrears and letters are issue to customers
Loan Service Fee-commercial (Periodic), Amount: 15.00. Additional Information: Payable on Commercial Loans
Mortgage Release Fee (Transaction), Amount: 150.00. Additional Information: Mortgage Release fee charged per mortgage on realease by WCU
Registration Fees - Mortgage (Upfront), Amount: 192.00. Additional Information: Payalbe on registration of a new mortgage
Registration Fees - Release (Upfront), Amount: 192.00. Additional Information: Payable on registration of a Release of Mortgage
Registration Fees - Transfer (Upfront), Amount: 192.00. Additional Information: Payable for registration of a transfer for purchase price up to $180,000. If above-price confirmed on application
Settlement Agent Fee (Upfront), Amount: 60.00. Additional Information: Settlement Agent Fee payable on funding loan when settlement attended to
Settlement Notice (Upfront), Amount: 57.00. Additional Information: payable when a settlement notice is lodged
Solicitor Mortgage Fee (Upfront), Amount: 462.00. Additional Information: Payable at the time of funding a new loan with new mortgages
Valuation Fee (Upfront), Amount: 350.00. Additional Information: Payable on funding when a new valuation has been obtained-price confirmed on application depending on location of property
Variation Fee (Transaction), Amount: 150.00. Additional Information: Variation fee when varying a loan charged on funding
