Max Discounted Standard Home Loan (Principal and Interest)
- Last updated on 26 May 2020
based on $300,000 loan amount for 25 years
- No upfront or ongoing fees
- 100% full offset account
- Suitable for low deposits
- Extra repayments + redraw services
- Discharge fee at end of loan
- Repayments may increase if RBA raises rates
Interest rate structure
$10k - $1.3m
Principal & interest
Loan term range
1 - 30 years
100% offset account
Unlimited extra repayments
Redraw fee: $25
Allows split interest
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Estimated upfront fees
Minimum SMSF Amount
Compare and review home loans with similar features
bcu is a division of Police & Nurses Limited following the successful merger between Bananacoast Community Credit Union Ltd and Police & Nurses Limited. Bananacoast Community Credit Union Ltd was originally created in the early 1970’s, formed by a small group of business owners—predominately banana farmers on the NSW North Coast—to provide a local, realistic banking alternative to the big banks. Fast forward nearly 50 years and the bcu brand continues to offer localised service and expertise from Port Macquarie to the Sunshine Coast whilst enjoying the economies of scale that comes from being part of the larger member owned Police & Nurses Limited.
bcu home loan calculator
Interested in a bcu home loan? RateCity has a suite of calculators that can show you what your repayments would be and how bcu compares to its competitors. Simply plug in your borrowing amount below.
Home loans spanning 40 years are offered by select lenders, though the loan period is much longer than a standard 30-year home loan. You're more likely to find a maximum of 35 years, such as is the case with Teacher’s Mutual Bank.
Even though these lengthier loans 35 to 40 year loans do exist on the market, they are not overwhelmingly popular, as the extra interest you pay compared to a 30-year loan can be over $100,000 or more.
No. Temporary discounts to home loan interest rates will expire after a limited time, so they aren’t valid for comparing home loans as part of the Rate Guarantee.
However, if your home loan has been discounted from the lender’s standard rate on a permanent basis, you can check if we can find an even lower rate that could apply to you.