For home owners wishing to renovate or improve their home
Category: Personal Loans Last Updated October 4, 2024 Effective November 1, 2024
General Lending Rates
Rates listed below are for a VARIABLE product. Additional Information
Interest Rate 10.85% PA
Comparison Rate 10.88%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 Features
Redraw
Unlimited Txns
Digital Banking
Npp Enabled
Npp Payid
Notifications
OtherAdditional Information: Additional repayments and early payout Unlimited additional repayments and early payout options without penalty
OtherAdditional Information: Automatic repayments can be set up from salary, LCU account, or external account
OtherAdditional Information: Flexible repayments. Weekly, fortnightly or monthly
OtherAdditional Information: No ongoing fees. No annual, monthly or weekly fees
OtherAdditional Information: Interest calculated daily and applied monthly
OtherAdditional Information: Repayment type Principal and Interest
OtherAdditional Information: Application fee of $200 payable on Funding of your loan
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 .
OtherAdditional Information: Must own or be paying off your own home
OtherAdditional Information: Shareholder. 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.
OtherAdditional Information: Eligibility. To be eligible to borrow you must be referred by a family member or friend who already has an account with LCU. Alternatively you may be eligible to join if you: work or live in the greater Ryde area; have an association with Riverside Corporate or Macquarie Park; or work in a STEM industry.
OtherAdditional Information: Maximum loan term 10 years