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My Ideal Home Loan

Customise your mortgage repayments by entering your details:

I want to borrow

Loan Term

years

Repayment Frequency

Pros:
  • No ongoing fees
  • Suitable for low deposits
  • Extra repayments + redraw services
  • Free redraw facility
Cons:
  • Discharge fee at end of loan
  • Not available for self-employed borrowers
  • Repayments may increase if RBA raises rates

Details & Fees

Maximum LVR
Maximum LVR
95%
Interest rate structure
Interest rate structure
Variable
Borrowing range
Borrowing range
$250k - $3mCalculate how much you can borrow »
Total repayments
Total repayments
$594,864View repayment schedule »
Principal & interest
Principal & interest
Interest only
Interest only
Loan term
Loan term
1 - 30 years
Offset account
Offset account
Extra repayments
Extra repayments
Unlimited extra repayments
Redraw facility
Redraw facility
Redraw fee: $0
Allows split interest
Allows split interest
Suitable For
Suitable ForOwner Occupiers
Applicable States
Applicable StatesACT, NSW, NT, QLD, SA, TAS, VIC, WA
Make Repayments
Make RepaymentsFortnightly, Monthly, Weekly
Estimated upfront fees
Estimated upfront fees
$1025
Application fee
Application fee$200
Settlement fee
Settlement fee$0
Valuation fee
Valuation fee
$490
Legal fee
Legal fee
$335
Ongoing fee
Ongoing fee
$0
Discharge fee
Discharge fee$260
Maximum LVR
Maximum LVR
95%
Interest rate structure
Interest rate structure
Variable
Borrowing range
Borrowing range
$250k - $3mCalculate how much you can borrow »
Total repayments
Total repayments
$594,864View repayment schedule »
Principal & interest
Principal & interest
Interest only
Interest only
Loan term
Loan term
1 - 30 years
Offset account
Offset account
Extra repayments
Extra repayments
Unlimited extra repayments
Redraw facility
Redraw facility
Redraw fee: $0
Allows split interest
Allows split interest
Suitable For
Suitable ForOwner Occupiers
Applicable States
Applicable StatesACT, NSW, NT, QLD, SA, TAS, VIC, WA
Make Repayments
Make RepaymentsFortnightly, Monthly, Weekly
Estimated upfront fees
Estimated upfront fees
$1025
Application fee
Application fee$200
Settlement fee
Settlement fee$0
Valuation fee
Valuation fee
$490
Legal fee
Legal fee
$335
Ongoing fee
Ongoing fee
$0
Discharge fee
Discharge fee$260

My Credit Union emerged in 2011 after a merger between Resources Credit Union and Industries Mutual Credit Union, which were both formed in 1967 to serve workers in the industrial sector.

My Credit Union is a mutual services financial provider and, as a member-owned credit union, focuses its products and services around the members it serves through home, personal and car loans, everyday, savings and term deposit accounts, debit cards, insurance and financial planning services.

Members of My Credit Union have a say in how the credit union is operated through voting rights and the ability to elect the Board of Directors.

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

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