RBA Cash Rate: 4.35% · 1AUD = 0.67 USD · Inflation: 4.1%  
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Example Interest Rates: Home Loan Variable: 5.69% (5.89%*) • Home Loan Fixed: 5.48% (6.24%*) • Fixed: 5.48% (6.24%*) • Variable: 5.69% (5.89%*) • Investment IO: 5.74% (6.40%*) • Investment PI: 5.58% (6.62%*)

  Savvy First Home Buyers Loan

This is a special loan designed for first home buyers which incorporates all the great features of our regular home loans and offers some extras to start you off.
Category: Home Loans  Last Updated May 16, 2024  Effective July 5, 2024

 General Lending Rates

Rates listed below are for a VARIABLE Owner Occupied P&I product. Additional Information
Interest Rate
6.19% PA
Comparison Rate
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..
  • Lending Rate Type: Variable
  • Interest Rate: 6.19%, Comparison Rate 0.00%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied

 Product Features

  • Redraw
  • Offset
  • Unlimited Txns
  • Digital Wallet
  • Npp Enabled
  • Npp Payid
  • Notifications
  • Other Additional Information: LCU Pay for Legal Fees and Valuation up to $1,000
  • Other Additional Information: Discount of 1% from the standard variable rate for the first 3 years
  • Other Additional Information: Additional repayments and early payout. Unlimited additional repayments and early payout options without penalty
  • Other Additional Information: Family Guarantee. Need help with your deposit? Talk to LCU about getting the bank of mum and dad to help out
  • Other Additional Information: Automatic repayments can be set up from salary, LCU account, or external account
  • Other Additional Information: Flexible repayments Weekly, fortnightly or monthly
  • Other Additional Information: No ongoing fees. No annual, monthly or weekly fees
  • Other Additional Information: Interest calculated daily and applied monthly
  • Other Additional Information: Repayment type Principal and Interest

 Product Eligibility

  • Natural Person
  • Residency Status - At Least One Borrower Must Be An Australian Resident .
  • Min Age - 18.
  • Employment Status - Income Required To Service Loan. Applicant Must Meet Lcu Lending Criteria .
  • Other Additional Information: First Home buyer
  • Other Additional Information: Security on Australian Residential Property (1st mortgage)
  • Other Additional Information: Maximum borrowing capacity (LVR) is 80% of valuation, 70% for land or rural properties, with no LMI or 95% with LMI
  • Other Additional Information: Minimum Loan Term 1 Year
  • Other Additional Information: Loan will be renegotiated at the end of the term - max 30 years
  • Other Additional Information: Must be a shareholder owning a $10 share. Each shareholder holds an equal share regardless of their balance. Shareholders have a say in how we are run. "Own your Bank". $10 share is refunded if you choose to close your account

 Bank Fees and Charges

  • Valuation Fee (Variable), Amount: 0.00.
  • Solicitors Fees (Variable), Amount: 0.00.
  • Registration Fees (Variable), Amount: 0.00.
  • Pexa Electronic Lodgement Fee (Variable), Amount: 0.00.
  • Contract Variation Fee (Event), Amount: 200.00.
  • Mortgage Discharge Fee (Event), Amount: 200.00.
  • Ipex Transfer Fee (Variable), Amount: 0.00.
  • Bank Cheque For Settlement (Variable), Amount: 0.00.
  • Lenders Mortgage Insurance (Variable), Amount: 0.00.
  • Mortgage Discharge Solicitors Fee (Variable), Amount: 0.00.
  • Other Certificates And Reports (Variable), Amount: 0.00.
  • Land Title Search (Variable), Amount: 0.00.
  • Consent For A Second Mortgage (Variable), Amount: 0.00.

 Limitations & Restrictions (Constraints)

  • Min Limit of 50000.00
  • Max Limit of 2800000.00

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