SCU Pro Pack Loan


The Pro Pack Loan allows you to make only a five per cent deposit on your property as long as you’re borrowing at least $25,000 for this loan.

You will have to add in the extra cost of lenders mortgage insurance if you make less than a 20 per cent deposit on your property, which is standard across most home loans. You can also purchase vacant land with the Pro Pack Loan, however you must make at least a 30 per cent deposit.

The variable rates offered are moderate if you’re borrowing over $250,000 and inch closer to moderately high the less you borrow.

Although, the 100 per cent offset account available on this loan could help reduce your interest payments if you maintain the balance of and continue depositing funds into this offset account.

Repayments towards your Pro Pack Loan can be made monthly, fortnightly or weekly to flex your mortgage payments to your income schedule. And you can set up automatic repayments through direct debit or salary credit. And if you save up extra funds, you can put them towards making additional repayments to help repay your loan sooner with the flexibility and security of knowing that you can redraw on these funds through the offered redraw facility as long as you meet the minimum redraw amount. Though, there is a fee each time you redraw.

If you’d like to reduce your risk and have the security of knowing you’ll be covered in the event that something happens and affects your ability to continue making your mortgage repayments, you can add repayment insurance to your Pro Pack Loan. However, be sure you know what the added cost of this insurance is and factor this into your total loan cost.

Who is the SCU Pro Pack Loan good for?

The Pro Pack Loan from SCU is suitable for the purchasing of owner-occupied or investment properties and vacant land or for refinancing.

The flexible repayment options could suit a range of borrowers, however the lack of certain features that benefit investors may make the Pro Pack Loan more suitable for owner-occupiers.

Review - What RateCity says

The Pro Pack Loan from SCU could be attractive for first homebuyers with the small deposit requirement. And while the flexibility that this loan offers could be beneficial to many borrowers, the main downside is the moderate to moderately high variable interest rate and fees.

But, if you’re interested in switching to SCU and becoming a member, or already are a member, the Pro Pack Loan might be a suitable option. Weigh up the pros and cons offered with this loan to make sure it meets all your needs and pays off for you in the long run.

SCU Pro Pack Loan Options

The Pro Pack Loan from SCU is offered at different borrowing amounts and can be researched further at the provided links.

Advertised rate
Comparison rate*
Monthly repayment
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Variable Rates from


Advertised rate


Comparison rate
  • Early repayments and redraws allowed.
  • 100 per cent offset account available.
  • $0 in ongoing fees.
  • Moderate to moderately high variable interest rate.
  • Entry and exit fees.
  • Penalty fees on redraw facility.

Must be a member of SCU.

Must be able to provide proof of income.

Must meet serviceability criteria.

Suitable For
  • First Home Buyers
  • Owner-Occupiers
  • Refinancers
  • Estimated upfront fees: $695
  • Discharge fees: $180
  • Ongoing fees: $0

The Pro Pack Loan from SCU has a moderate upfront fee and a moderately low discharge fee. There are no ongoing fees, which is a positive considering the moderate to moderately high interest rates. Although, you will be charged a fee for each time you use the redraw facility.

  • Redraw facility
  • 100% offset account
  • Unlimited extra repayments
  • Weekly repayments
  • Fortnightly repayments
  • Monthly repayments
  • Loan allows split interest rate
About SCU

SCU is a credit union, which means it is owned by its members and that profits are passed along to you rather than to bankers.

Being a SCU member comes with perks such as voting for changes within the union and receiving better products by way of low rates and fees. There are SCU branches dotted around Sydney and customer service contact via phone or online.

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