Basic Variable Investment Construction

 General Lending Rates

• Lending Rate Type: Discount
• Interest Rate: 0.25%, Comparison Rate 8.58%
• Repayment Type: Principal And Interest
• Loan Purpose: Investment

• Lending Rate Type: Discount
• Interest Rate: 2.59%, Comparison Rate 6.25%
• Repayment Type: Principal And Interest
• Loan Purpose: Investment

• Lending Rate Type: Discount
• Interest Rate: 2.49%, Comparison Rate 6.35%
• Repayment Type: Principal And Interest
• Loan Purpose: Investment

• Lending Rate Type: Discount
• Interest Rate: 1.94%, Comparison Rate 6.89%
• Repayment Type: Principal And Interest
• Loan Purpose: Investment

 Product Features

• Digital Banking

• Other Additional 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 Repayments Additional Information: Freedom to make unlimited extra repayments – reduce your loan term and save money

• Other Additional Information: Flexible repayment frequency - pay weekly, fortnightly or monthly.

• Other Additional Information: $0 Visa Credit Card Annual Fee - save $59.

• Guarantor Additional Information: Family Guarantees can help applicants get into their home sooner by reducing the amount of deposit required

• Relationship Management Additional 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

• Other Additional 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

 Document Downloads

  brc-8-6-2-fees-and-charges.pdf (130.1 KB)