Key Features
We have listed the key features of each of our home loan products in the table below so that you can easily compare each product and ensure that you choose the right loan for you.
Look through the list of key features below or view the benefits of our home loans.
| Key Features | Fixed Rate Home Loan | Variable Rate Home Loan | Split Cost Home Loan | |
| Interest rate | ||||
| Minimum amount | $25,000 | $25,000 | $25,000 | |
| Maximum amount | 80% of the property value; 95% of the property value with Mortgage Insurance; 70% land only | 80% of the property value; 95% of the property value with Mortgage Insurance; 70% land only | 80% of the property value; 95% of the property value with Mortgage Insurance; 70% land only | |
| Loan period | Up to 25 years | Up to 25 years | Up to 25 years | |
| Repayments | Monthly / Fortnightly / Weekly | Monthly / Fortnightly / Weekly | Monthly / Fortnightly / Weekly | |
| Interest charges | Calculated daily, Charged monthly | Calculated daily, Charged monthly | Calculated daily, Charged monthly | |
| Loan set up costs (Valuation & Solicitor) | Approx $760 | Approx $760 | Approx $760 | |
| Variable and lump sum repayments | No | Yes | Yes on variable component | |
| Early repayment | Early repayment fee payable on fixed rate loans. Refer to Credit Union for details | Nil | Early repayment fee payable on fixed rate loans. Refer to Credit Union for details | |
| Redraw facility | No | Yes, min $500 ($Nil Fee per redraw) | Yes on variable component only ($Nill Fee per redraw) | |
| Top up facility available | No | Yes | Yes on Variable Loan component only | |
| Top up fee | $200 | $200 | $200 | |
| Switching fee | $Nil | $Nil | $Nil | |
| Offset account | No | No | No | |
| Loan repayment insurance available | Yes | Yes | Yes | |
| Auto repayments (salary/account) | Yes | Yes | Yes | |
| Loan interview required | Yes | Yes | Yes | |
* reverts to the current variable rate at the end of the fixed term.
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