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Basic Home Loan

Customise your mortgage repayments by entering your details:

I want to borrow

Loan Term

years

Repayment Frequency

Pros:
  • 100% full offset account
  • Suitable for low deposits
  • Extra repayments + redraw services
  • Repayments may decrease if RBA cuts rates again
Cons:
  • Application fee charged
  • Discharge fee at end of loan
  • Not available for investment purposes

Details & Fees

Maximum LVR
Maximum LVR
95%
Interest rate structure
Interest rate structure
Variable
Borrowing range
Borrowing range
$50k - $100mCalculate how much you can borrow »
Total repayments
Total repayments
$466,200View repayment schedule »
Principal & interest
Principal & interest
Interest only
Interest only
Loan term
Loan term
1 - 30 years
Offset account
Offset account
100% offset account
Extra repayments
Extra repayments
Unlimited extra repayments
Redraw facility
Redraw facility
Redraw fee: $20
Allows split interest
Allows split interest
Suitable For
Suitable ForOwner Occupiers
Applicable States
Applicable StatesNSW
Make Repayments
Make RepaymentsWeekly, Fortnightly, Monthly
Estimated upfront fees
Estimated upfront fees
$350
Application fee
Application fee$350
Settlement fee
Settlement fee$0
Valuation fee
Valuation fee
$0
Legal fee
Legal fee
$0
Ongoing fee
Ongoing fee
$5 monthly
Discharge fee
Discharge fee$250
Maximum LVR
Maximum LVR
95%
Interest rate structure
Interest rate structure
Variable
Borrowing range
Borrowing range
$50k - $100mCalculate how much you can borrow »
Total repayments
Total repayments
$466,200View repayment schedule »
Principal & interest
Principal & interest
Interest only
Interest only
Loan term
Loan term
1 - 30 years
Offset account
Offset account
100% offset account
Extra repayments
Extra repayments
Unlimited extra repayments
Redraw facility
Redraw facility
Redraw fee: $20
Allows split interest
Allows split interest
Suitable For
Suitable ForOwner Occupiers
Applicable States
Applicable StatesNSW
Make Repayments
Make RepaymentsWeekly, Fortnightly, Monthly
Estimated upfront fees
Estimated upfront fees
$350
Application fee
Application fee$350
Settlement fee
Settlement fee$0
Valuation fee
Valuation fee
$0
Legal fee
Legal fee
$0
Ongoing fee
Ongoing fee
$5 monthly
Discharge fee
Discharge fee$250

Horizon Credit Union is an Australian member-owned credit union and was founded in 1964 as the Illawarra County Council Staff Credit Union. It was renamed the Horizon Credit Union in 1995 following the takeover of the Shoalhaven City Employees’ Credit Union.

Horizon is based in Wollongong, with branches throughout the Illawarra and Shoalhaven regions of NSW. It offers financial products such as home and personal loans, credit cards, insurance, foreign money services and financial planning services and share trading.

The credit union has won a number of awards, including Money magazine’s Personal Lender of the Year in 2012 and 2013.

Horizon Credit Union Home Loan Calculator  
Interested in a Horizon home loan? RateCity has a suite of calculators that can show you what your repayments would be and how Horizon compares to its competitors. Simply plug in your borrowing amount below.

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