Standard Variable Home Loan (Interest Only)
- No 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 - $2.5m
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.
The standard variable rate (SVR) is the interest rate a lender applies to their standard home loan. It is a variable interest rate which is normally used as a benchmark from which they price their other variable rate home loan products.
A standard variable rate home loan typically includes most, if not all the features the lender has on offer, such as an offset account, but it often comes with a higher interest rate attached than their most ‘basic’ product on offer (usually referred to as their basic variable rate mortgage).