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Basic Variable Rate Home Loan

Customise your mortgage repayments by entering your details:

I want to borrow

Loan Term

years

Repayment Frequency

Pros:
  • Extra low interest rate for refinancers
  • No ongoing fees
  • Suitable for low deposits
  • Parents can sign as guarantor
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
$150k - $100mCalculate how much you can borrow »
Total repayments
Total repayments
$398,844View 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: $50
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
$695
Application fee
Application fee$200
Settlement fee
Settlement fee$0
Valuation fee
Valuation fee
$209
Legal fee
Legal fee
$286
Ongoing fee
Ongoing fee
$0
Discharge fee
Discharge fee$180
Maximum LVR
Maximum LVR
95%
Interest rate structure
Interest rate structure
Variable
Borrowing range
Borrowing range
$150k - $100mCalculate how much you can borrow »
Total repayments
Total repayments
$398,844View 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: $50
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
$695
Application fee
Application fee$200
Settlement fee
Settlement fee$0
Valuation fee
Valuation fee
$209
Legal fee
Legal fee
$286
Ongoing fee
Ongoing fee
$0
Discharge fee
Discharge fee$180

Sydney Credit Union (SCU) is a member-owned credit union, which was established in 1963.

It was originally formed to serve City of Sydney council members, but expanded to include a number of other Sydney-based councils. Most of its branches are now located in the Western Suburbs of Sydney.

As a credit union, it is owned by members and not shareholders, which means profits go back into the business and are redistributed to members via lower fees and rates.

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