Community First Credit Union Accelerator Package Loan


The Accelerator Package Loan from Community First Credit Union has a moderate variable interest rate which is lower for people borrowing larger amounts.

Two of the main features of this loan are the 100 per cent offset account to help reduce the amount of interest you need to pay each month, and the ability to make extra repayments to help pay off your loan faster.

This loan only requires a minimum deposit of five per cent however if you do have a deposit over 20 per cent you may be offered a lower variable rate, and it’s unlikely you’ll be required to pay lenders mortgage insurance – both good reasons to think about hitting this mark.

The Accelerator Package Loan can be used to purchase a new or existing property, or for construction purposes. You also have the flexibility to make repayments either weekly, fortnightly or monthly.

The Accelerator Package Loan lets you bundle your Community First Credit Union products together for fee waivers and discounts. The downside is that this package attracts an annual fee which can sometimes outweigh the benefits of the package.

Who is the Community First Credit Union Accelerator Package Loan good for?

The Accelerator Package is suitable for any borrower looking for a variable interest rate home loan. 

Review - What RateCity says

The Accelerator Package Loan offers customers a moderate interest rate for a high amount of flexibility. Features such as the offset account, redraw facility and the ability to make additional repayments without penalty are useful however the total cost of the fees on this product may deter some potential customers.

Existing customers may be able to find savings by bundling some of their Community First products, however it is always worth calculating whether you’ll come out ahead in the long run before taking up any package option.

Community First Credit Union Accelerator Package Loan Options

Community First has options depending on how much you are looking to borrow. For more information, click on the links below.

Advertised rate
Comparison rate*
Monthly repayment
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Variable Rates from


Advertised rate


Comparison rate
  • 100 per cent offset account.
  • Redraw facility.
  • Low minimum deposit.
  • Redraw fees apply.
  • Moderate upfront fees.
  • Annual fee.

Been with current employer for at least three months.

Have no credit defaults in the past five years.

Suitable For
  • First Home Buyers
  • Owner-Occupiers
  • Refinancers
  • Investors
  • Estimated upfront fees: $600
  • Discharge fees: $300
  • Ongoing fees: $395 annually

This loan has a number of fees attached including an upfront fee, an ongoing annual fee and a discharge fee. With this in mind it is worth adding up the total amount of fees you might be expected to pay over the life of the loan when you are assessing whether this product is right for you.

  • Redraw facility
  • 100% offset account
  • Unlimited extra repayments
  • Weekly repayments
  • Fortnightly repayments
  • Monthly repayments
  • Loan allows split interest rate
About Community First Credit Union
Community First Credit Union has been operating since 1959. It's a member-owned institution that offers a full range of financial products and services to nearly 80,000 members. Customers get to access Australia's second largest ATM network and 24/7 mobile, internet and phone banking.
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