Important disclosure
OMG Home Loan
Find your ideal home loan from one of the 4 home loans from BCU Bank
Principal and Interest (P&I)
Loan type | Loan to value ratio | Interest rate | Comparison rate | |
---|---|---|---|---|
Variable | Up to 60% | 5.99% p.a. | 6.00% p.a. | Product Info |
Variable | Up to 80% | 6.09% p.a. | 6.10% p.a. | Product Info |
Variable | Up to 95% | 6.29% p.a. | 6.30% p.a. | Product Info |
Interest only
Loan type | Loan to value ratio | Interest rate | Comparison rate | |
---|---|---|---|---|
Variable | Up to 80% | 6.99% p.a. | 6.35% p.a. | Product Info |
BCU Bank Variable Rate Home loan overview
For OMG Home Loan (Principal and Interest)
Details
Maximum LVR 60% | Total Repayments |
Interest rate type Variable | Borrowing range
$100k
-
$1.5m
|
Suitable for Owner Occupiers | Loan term range 1 - 30 years |
Repayment type Principal and Interest | Applicable states ACT, NSW, NT, QLD, SA, TAS, VIC, WA |
Target Market Determination Visit BCU Bank to view Target Market Determination. |
Features
Extra repayments Unlimited | Redraw facility Redraw fee: $0 |
Offset account | Split interest facility |
Loan portability | Repayment holiday available |
Allow guarantors | Available for first home buyers |
Other benefits |
Fees
Total estimated upfront fees $0 | Application fee $0 |
Legal fee $0 | Valuation fee $0 |
Settlement fee $0 | Other upfront fee $0 |
Ongoing fee $0 | Discharge fee $395 |
Pros and cons
For OMG Home Loan (Principal and Interest)
Benefits
- Interest rates ranked in the best 20%
- No upfront or ongoing fees
- Extra repayments and redraw facility
- Free redraw facility
- Split account option
Drawbacks
- No offset account
- Discharge fee at end of loan
- Maximum loan amount is limited to 60% of the property's value
- No repayment holidays
FAQs
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