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Home & Investment Loans

Written by Lorraine Marsh

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The Credit Union offers five home and investment loan options for you to choose from.

Choose a Product

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First Rate Home Loan

This basic home loan offers you a great ongoing variable interest rate, no monthly account keeping fees and the flexibility to make extra repayments without penalty so you can manage your mortgage as you choose.

  • Free redraw facility available
  • Loan repayment insurance available
  • Borrow from as little as $30,000

6.69%pa
interest rate

6.76%pa1
comparison rate

  Additional Information
First Rate Home Loan  
Variable interest rate View our interest rates
Minimum amount $30,000
Maximum amount 90% of the property value
Loan period Up to 30 years
Repayments Monthly / Fortnightly / Weekly
Interest charges Calculated daily, charged monthly
Legal Fees At cost
Valuation Fees At cost
Variable and lump sum repayments Yes
Early repayment without penalty Yes
Redraw facility Yes
Top up facility available Min $10,000
Monthly account keeping/service fees No
Free death cover (up to $120,000 per membership) No
Loan Repayment Insurance available Yes
Auto repayments (salary/account) Yes
100% Offset Facility No
FREE monthly transactions 13
Discount on General Insurance Yes
Annual fee on Visa Credit Card Yes
Access to 'Premium Rate' for personal loans No
Switching fee to Fixed Rate Yes
Bonus rate on Term Deposits No
Monthly fees on Visa Debit or Redicards No

All in One Home Loan

The All in One Home Loan offers you complete flexibility with a full range of features, and a highly competitive variable interest rate.

  • Free death cover up to $120,000
  • 100% Interest Offset facility
  • No annual fee on Visa Credit Card

6.95%pa
interest rate

7.02%pa1
comparison rate

  Additional Information
All in One Home Loan  
Variable interest rate View our interest rates
Minimum amount $30,000
Maximum amount 90% of the property value
Loan period Up to 30 years
Repayments Monthly / Fortnightly / Weekly
Interest charges Calculated daily, charged monthly
Legal Fees At cost
Valuation Fees At cost
Variable and lump sum repayments Yes
Early repayment without penalty Yes
Redraw facility Yes
Top up facility available Min $10,000
Monthly account keeping/service fees No
Free death cover (up to $120,000 per membership) Yes
Loan Repayment Insurance available Yes
Auto repayments (salary/account) Yes
100% Offset Facility Yes
FREE monthly transactions 20
Discount on General Insurance Yes
Annual fee on Visa Credit Card No
Access to 'Premium Rate' for personal loans Yes
Switching fee to Fixed Rate No
Bonus rate on Term Deposits Yes
Monthly fees on Visa Debit or Redicards No

Fixed Rate Home Loans

By locking in your interest rate with our fixed rate loan you get the certainty of knowing exactly what your interest rate will be no matter what happens in the market. Our competitive fixed rate terms are available for 1, 2, 3 and 5 years.

  • No monthly account keeping or service fees
  • Borrow from as little as $30,000
  • No ongoing monthly fees on Visa Debit Cards or Redicards

6.18%pa
interest rate

6.68%pa1
comparison rate

  Additional Information
Fixed Rate Home Loans  
Fixed Rate terms available 1, 2, 3 and 5 years
Minimum amount $30,000
Maximum amount 90% of the property value
Loan period Up to 30 years
Split Option Yes
Interest charges Calculated daily, charged monthly
Loan set up costs (Valuation & Solicitor) At Cost
Establishment Fee Yes - refer to Fees and Charges Brochure for applicable fee
Additional Repayments Limited to $10,000 in any one year without penalty
Early Repayment Fee Yes - if paid out before expiry
Redraw facility No
Monthly account keeping/service fees No
Loan Protection Insurance (Death cover up to $120,000 per membership) Optional - refer to Interest Rate Schedule for applicable rate
Loan Repayment Insurance available Yes
Auto repayments (salary/account) Yes
Option to lock in interest rate at the time of application Yes - refer to Fees & Charges Brochure for applicable fee

First Home Buyers Loan

To help you onto the property ladder we will lend against a greater proportion of the property value and reduce your application fee.

  • No Application fee
  • Loan set up costs (valuation & legal fees) capped at $450
  • Option to choose between our First Rate Home Loan and our All in One Home Loan

6.69%pa
interest rate

6.76%pa1
comparison rate

  Additional Information
First Home Buyers Loan  
Loan Period Up to 30 years
Repayment options Weekly, fortnightly or monthly
Establishment fee Capped at $450 (Legal and valuation fees)
Ongoing fees No
Redraw facility Yes (Min $500)
Extra payments without penalty Yes
Early payout without penalty Yes
Auto repayments (salary/account) Yes
Interest only option Yes (1 year)
This table is provided as a guide only. Terms and conditions are available on application or request.

Interest Only

Repay only the interest on the principle during the term of your loan. At the end of your loan term you must repay the principle as a lump sum.

  • Interest calculated daily and charged monthly
  • No monthly account keeping or service fees
  • Borrow from as little as $30,000

6.18%pa
interest rate

TBC%pa1
comparison rate

  Additional Information
Interest Only Home Loan  
Variable interest rate View our interest rates
Minimum amount $30,000
Maximum amount 90% of the property value
Loan period Up to 5 years
Repayments Monthly
Interest charges Calculated daily, charged monthly
Legal Fees At Cost
Valuation Fees At cost
Variable and lump sum repayments Yes
Early repayment without penalty Yes
Redraw facility No
Top up facility available Min $10,000
Monthly account keeping/service fees No
Free death cover (up to $120,000 per membership) Yes
Loan Repayment Insurance available Yes
Auto repayments (salary/account) Yes

'Tide You Over' Home Equity Loan

This mortgage account works like an overdraft where you allocate your income to reduce the outstanding balance.

  • Only pay interest on the portion of the overdraft used
  • No monthly account keeping or service fees
  • Interest calculated daily and charged monthly

7.02%pa
interest rate

N/A
comparison rate

  Additional Information

Tide You Over Home Equity Loan

  
Variable interest rate View our interest rates
Minimum amount $30,000
Maximum amount 70% of the property value
Loan period Continuing credit
Repayments Monthly
Interest charges Calculated daily, charged monthly on the portion of the overdraft used
Legal Fees At Cost
Valuation Fees At cost
Variable and lump sum repayments n/a
Early repayment without penalty n/a
Redraw facility n/a
Top up facility available Min $10,000
Monthly account keeping/service fees No
Free death cover (up to $120,000 per membership) Yes
Loan Repayment Insurance available Yes
Auto repayments (salary/account) Yes

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Questions?

If you have any questions, please contact us. alt

1 Comparison Rate is calculated on a loan amount of $150,000 over a term of 25 years based on monthly repayments. These rates are for secured loans only.