Our Basic Variable Home & Investment Construction Loans offers our lowest rate with no upfront or no ongoing monthly fee which enables you to make unlimited extra repayments to pay off your loan quicker.
Category: Home Loans Last Updated March 6, 2024 Effective May 3, 2024
General Lending Rates
Rates listed below are for a VARIABLE Owner Occupied P&I product. Additional Information Minimum $50,000 balance. LVR >80%.
Interest Rate 8.18% PA
Comparison Rate 8.18%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..
Basic Variable Home Loan (Min)
Minimum: $50000.00 Maximum: $149999.99
Basic Variable Home Loan (<=80% LVR)
Lending Rate Type: Discount
Interest Rate: 0.25%, Comparison Rate 7.93%
Repayment Type: Principal And Interest
Loan Purpose: Owner Occupied
Basic Variable New Business Home Loan (Min)
Minimum: $150000.00 Maximum: $2000000.00
Basic Variable New Business Home Loan (<=70% LVR)
Lending Rate Type: Discount
Interest Rate: 2.19%, Comparison Rate 6.00%
Repayment Type: Principal And Interest
Loan Purpose: Owner Occupied
Basic Variable New Business Home Loan (Min)
Minimum: $150000.00 Maximum: $2000000.00
Basic Variable New Business Home Loan (70.01%-80% LVR)
Minimum: 70.01 PERCENT Maximum: 80 PERCENT
Lending Rate Type: Discount
Interest Rate: 2.09%, Comparison Rate 6.10%
Repayment Type: Principal And Interest
Loan Purpose: Owner Occupied
Basic Variable New Business Home Loan (Min)
Minimum: $150000.00 Maximum: $2000000.00
Basic Variable New Business Home Loan (>80% LVR)
Minimum: 80.01 PERCENT Maximum: 95 PERCENT
Lending Rate Type: Discount
Interest Rate: 1.54%, Comparison Rate 6.64%
Repayment Type: Principal And Interest
Loan Purpose: Owner Occupied
Product Features
Digital Banking
OtherAdditional Information: Choose from a range of Home and Investment Loan options: Variable Package, 1 year or 2 year Fixed Package, Standard Variable or Basic Variable Loans.
Extra RepaymentsAdditional Information: Freedom to make unlimited extra repayments – reduce your loan term and save money
OtherAdditional Information: Flexible repayment frequency - pay weekly, fortnightly or monthly.
OtherAdditional Information: $0 Visa Credit Card Annual Fee - save $59.
GuarantorAdditional Information: Family Guarantees can help applicants get into their home sooner by reducing the amount of deposit required
Relationship ManagementAdditional Information: Our Program One to One provides a higher level of personalised service to members that have significant business with the Credit Union, measured by borrowings and/or deposits. This is achieved by providing each member with their own Relationship Manager as a single point of contact for all their financial service needs.
Product Eligibility
Natural Person - Personal Members Only.
Residency Status - Permanent Residents Of Australia Who Reside In Australia At The Time Of Membership Application Are Eligible For Membership, Regardless Of Citizenship Status..
Min Age - 18. Additional Information: 18 years and over
OtherAdditional Information: Terms, conditions, fees, charges and lending criteria apply and are available on application
Bank Fees and Charges
Security Handling Fee (Event), Amount: 150.00. Additional Information: Charged per occurrence. Payable in the following circumstances; deed of priority, title production, variation of priority, consent or name change.
Top Up Fee (Event), Amount: 400.00. Additional Information: Payable when you request and we approve additional funds to your existing borrowings and there is no change to the security or borrowers.
Discharge Of Mortgage (Event), Amount: 350.00. Additional Information: For the preparation of a discharge of mortgage.
Progress Draw Fee (Event), Amount: 400.00. Additional Information: Payable per property when a loan will be drawn progressively for either construction or major renovation purposes. The fee includes the cost of all progress draws and the final inspection.
Documentation Fee (Event), Amount: 200.00. Additional Information: Payable in the following circumstances: preparation of an additional mortgage; preparation of a guarantee; or where documents have been cancelled or redone, at your request, after contracts have been issued.
Valuation Fee (Event), Amount: 0.00. Additional Information: Valuation Fee at cost and payable by member.
Limitations & Restrictions (Constraints)
Min Limit of 50000.00 Additional Information: Minimum loan size is $50,000.00