BDCU Alliance Bank home loan repayment calculator

Thinking about taking out a home loan with BDCU Alliance Bank? Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how BDCU Alliance Bank home loans compare with other options.

I am an

With a repayment type

Borrow amount

$

Deposit amount %

Loan term

Your estimated mortgage repayments

at interest rate 2.69%

Total interest payable

$0

Total loan repayments

$0

BDCU Alliance Bank home loans rates

Advertised Rate

2.69%

Variable

Total estimated upfront fees
$0
Comparison Rate*

3.14%

Ongoing fee
$395 annually
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More details
Advertised Rate

1.99%

Fixed - 4 years

Total estimated upfront fees
$0
Comparison Rate*

3.17%

Ongoing fee
$395 annually
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Advertised Rate

2.79%

Variable

Total estimated upfront fees
$0
Comparison Rate*

3.23%

Ongoing fee
$395 annually
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Advertised Rate

2.94%

Fixed - 1 year

Total estimated upfront fees
$0
Comparison Rate*

3.23%

Ongoing fee
$395 annually
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More details
Advertised Rate

2.94%

Fixed - 2 years

Total estimated upfront fees
$0
Comparison Rate*

3.25%

Ongoing fee
$395 annually
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More details
Advertised Rate

2.94%

Fixed - 3 years

Total estimated upfront fees
$0
Comparison Rate*

3.26%

Ongoing fee
$395 annually
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More details
Advertised Rate

3.04%

Variable

Total estimated upfront fees
$0
Comparison Rate*

3.27%

Ongoing fee
$395 annually
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More details
Advertised Rate

2.29%

Fixed - 3 years

Total estimated upfront fees
$0
Comparison Rate*

3.33%

Ongoing fee
$395 annually
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More details
Advertised Rate

3.14%

Variable

Total estimated upfront fees
$0
Comparison Rate*

3.37%

Ongoing fee
$395 annually
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More details
Advertised Rate

2.29%

Fixed - 2 years

Total estimated upfront fees
$0
Comparison Rate*

3.39%

Ongoing fee
$395 annually
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More details
Advertised Rate

2.79%

Fixed - 5 years

Total estimated upfront fees
$0
Comparison Rate*

3.41%

Ongoing fee
$395 annually
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More details
Advertised Rate

2.29%

Fixed - 1 year

Total estimated upfront fees
$0
Comparison Rate*

3.45%

Ongoing fee
$395 annually
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More details
Advertised Rate

2.64%

Fixed - 3 years

Total estimated upfront fees
$0
Comparison Rate*

3.45%

Ongoing fee
$395 annually
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More details
Advertised Rate

2.79%

Fixed - 4 years

Total estimated upfront fees
$0
Comparison Rate*

3.46%

Ongoing fee
$395 annually
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More details
Advertised Rate

2.19%

Fixed - 4 years

Total estimated upfront fees
$650
Comparison Rate*

3.49%

Ongoing fee
$8 monthly
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More details
Advertised Rate

2.64%

Fixed - 2 years

Total estimated upfront fees
$0
Comparison Rate*

3.49%

Ongoing fee
$395 annually
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More details
Advertised Rate

2.89%

Fixed - 3 years

Total estimated upfront fees
$0
Comparison Rate*

3.50%

Ongoing fee
$395 annually
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More details
Advertised Rate

2.99%

Fixed - 4 years

Total estimated upfront fees
$0
Comparison Rate*

3.51%

Ongoing fee
$395 annually
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More details
Advertised Rate

2.89%

Fixed - 2 years

Total estimated upfront fees
$0
Comparison Rate*

3.52%

Ongoing fee
$395 annually
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More details
Advertised Rate

2.99%

Fixed - 5 years

Total estimated upfront fees
$0
Comparison Rate*

3.52%

Ongoing fee
$395 annually
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More details
Advertised Rate

2.64%

Fixed - 1 year

Total estimated upfront fees
$0
Comparison Rate*

3.53%

Ongoing fee
$395 annually
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More details
Advertised Rate

3.09%

Variable

Total estimated upfront fees
$0
Comparison Rate*

3.53%

Ongoing fee
$395 annually
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More details
Advertised Rate

2.89%

Fixed - 1 year

Total estimated upfront fees
$0
Comparison Rate*

3.54%

Ongoing fee
$395 annually
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More details
Advertised Rate

3.79%

Fixed - 4 years

Total estimated upfront fees
$0
Comparison Rate*

3.55%

Ongoing fee
$395 annually
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More details
Advertised Rate

3.14%

Fixed - 3 years

Total estimated upfront fees
$650
Comparison Rate*

3.62%

Ongoing fee
$8 monthly
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More details
Advertised Rate

3.29%

Fixed - 5 years

Total estimated upfront fees
$0
Comparison Rate*

3.62%

Ongoing fee
$395 annually
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More details
Advertised Rate

3.39%

Variable

Total estimated upfront fees
$650
Comparison Rate*

3.62%

Ongoing fee
$8 one off
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More details
Advertised Rate

3.79%

Fixed - 5 years

Total estimated upfront fees
$0
Comparison Rate*

3.62%

Ongoing fee
$395 annually
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More details
Advertised Rate

3.14%

Fixed - 2 years

Total estimated upfront fees
$650
Comparison Rate*

3.65%

Ongoing fee
$8 monthly
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More details
Advertised Rate

3.44%

Variable

Total estimated upfront fees
$0
Comparison Rate*

3.67%

Ongoing fee
$395 annually
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More details
Advertised Rate

3.14%

Fixed - 1 year

Total estimated upfront fees
$650
Comparison Rate*

3.68%

Ongoing fee
$8 monthly
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More details
Advertised Rate

2.49%

Fixed - 3 years

Total estimated upfront fees
$650
Comparison Rate*

3.69%

Ongoing fee
$8 monthly
Go to site
More details
Advertised Rate

2.99%

Fixed - 5 years

Total estimated upfront fees
$650
Comparison Rate*

3.70%

Ongoing fee
$8 monthly
Go to site
More details
Advertised Rate

3.29%

Variable

Total estimated upfront fees
$0
Comparison Rate*

3.72%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

3.49%

Variable

Total estimated upfront fees
$650
Comparison Rate*

3.72%

Ongoing fee
$8 one off
Go to site
More details
Advertised Rate

2.49%

Fixed - 2 years

Total estimated upfront fees
$650
Comparison Rate*

3.79%

Ongoing fee
$8 monthly
Go to site
More details
Advertised Rate

2.99%

Fixed - 4 years

Total estimated upfront fees
$650
Comparison Rate*

3.79%

Ongoing fee
$8 monthly
Go to site
More details
Advertised Rate

2.84%

Fixed - 3 years

Total estimated upfront fees
$650
Comparison Rate*

3.81%

Ongoing fee
$8 monthly
Go to site
More details
Advertised Rate

3.19%

Fixed - 5 years

Total estimated upfront fees
$650
Comparison Rate*

3.81%

Ongoing fee
$8 monthly
Go to site
More details
Advertised Rate

3.19%

Fixed - 4 years

Total estimated upfront fees
$650
Comparison Rate*

3.84%

Ongoing fee
$8 monthly
Go to site
More details
Advertised Rate

3.44%

Variable

Total estimated upfront fees
$0
Comparison Rate*

3.85%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

3.44%

Variable

Total estimated upfront fees
$0
Comparison Rate*

3.85%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

3.09%

Fixed - 3 years

Total estimated upfront fees
$650
Comparison Rate*

3.86%

Ongoing fee
$8 monthly
Go to site
More details
Advertised Rate

3.99%

Fixed - 4 years

Total estimated upfront fees
$650
Comparison Rate*

3.87%

Ongoing fee
$8 monthly
Go to site
More details
Advertised Rate

2.84%

Fixed - 2 years

Total estimated upfront fees
$650
Comparison Rate*

3.89%

Ongoing fee
$8 monthly
Go to site
More details
Advertised Rate

2.49%

Fixed - 1 year

Total estimated upfront fees
$650
Comparison Rate*

3.90%

Ongoing fee
$8 monthly
Go to site
More details
Advertised Rate

3.49%

Fixed - 5 years

Total estimated upfront fees
$650
Comparison Rate*

3.91%

Ongoing fee
$8 monthly
Go to site
More details
Advertised Rate

3.99%

Fixed - 5 years

Total estimated upfront fees
$650
Comparison Rate*

3.91%

Ongoing fee
$8 monthly
Go to site
More details
Advertised Rate

3.09%

Fixed - 2 years

Total estimated upfront fees
$650
Comparison Rate*

3.92%

Ongoing fee
$8 monthly
Go to site
More details
Advertised Rate

3.54%

Variable

Total estimated upfront fees
$0
Comparison Rate*

3.95%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

3.54%

Variable

Total estimated upfront fees
$0
Comparison Rate*

3.95%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

3.74%

Variable

Total estimated upfront fees
$650
Comparison Rate*

3.97%

Ongoing fee
$8 one off
Go to site
More details
Advertised Rate

2.84%

Fixed - 1 year

Total estimated upfront fees
$650
Comparison Rate*

3.98%

Ongoing fee
$8 monthly
Go to site
More details
Advertised Rate

3.09%

Fixed - 1 year

Total estimated upfront fees
$650
Comparison Rate*

3.99%

Ongoing fee
$8 monthly
Go to site
More details
Advertised Rate

3.79%

Variable

Total estimated upfront fees
$650
Comparison Rate*

4.02%

Ongoing fee
$8 one off
Go to site
More details
Advertised Rate

3.84%

Variable

Total estimated upfront fees
$650
Comparison Rate*

4.07%

Ongoing fee
$8 one off
Go to site
More details
Advertised Rate

3.99%

Variable

Total estimated upfront fees
$650
Comparison Rate*

4.22%

Ongoing fee
$8 one off
Go to site
More details
Advertised Rate

4.14%

Variable

Total estimated upfront fees
$650
Comparison Rate*

4.35%

Ongoing fee
$8 one off
Go to site
More details
Advertised Rate

4.14%

Variable

Total estimated upfront fees
$650
Comparison Rate*

4.36%

Ongoing fee
$8 one off
Go to site
More details
Advertised Rate

4.15%

Variable

Total estimated upfront fees
$650
Comparison Rate*

4.36%

Ongoing fee
$8 one off
Go to site
More details
Advertised Rate

4.24%

Variable

Total estimated upfront fees
$650
Comparison Rate*

4.45%

Ongoing fee
$8 one off
Go to site
More details
Advertised Rate

4.24%

Variable

Total estimated upfront fees
$650
Comparison Rate*

4.45%

Ongoing fee
$8 one off
Go to site
More details

Learn more about home loans

How do I get a pre-approved home loan with Aussie?

Getting Aussie home loan pre-approval means receiving conditional support from Aussie Home Loans to borrow the money you need to buy a home. 

It’s an indication of the approximate amount Aussie may offer you, subject to some terms and conditions. Keep in mind, having a pre-approved home loan does not guarantee an actual approval of your loan when it comes time to buy.

Aussie home loan pre-approval often involves speaking to one of the lender’s brokers. You can make an appointment online. You’ll often have to submit your personal details and other information about your assets, income, liabilities and expenses.  It’s worth remembering that a pre-approved loan is usually valid for a few months.

Does the family tax benefit count as income?

The family tax benefits are one of several government support payments that are not considered taxable income. Other such payments include child care subsidies, economic support payments, rent assistance, and carer allowances. If you file a tax return, you typically don’t need to mention such income on the return. However, some home loan lenders may accept family tax benefits as an income source when reviewing your home loan application. You’ll still need to meet other lending requirements, such as having a sufficiently high credit score and enough savings for a deposit before the loan will be approved.

Aussies receiving family tax benefits usually have an adjusted taxable income of no more than $55,626 a year. Alternatively, one spouse can be receiving income support payments from the government to be eligible. Most importantly, they need to have children dependent on them for care at least 35 per cent of the time. Children between the ages of 16 and 19 should be either full-time secondary students or have a somewhat comparable study load unless the government exempts them from these study requirements. 

What is the average length of a home loan?

Most Aussie lenders offer home loans with a 30-year term, meaning that you should pay back the full loan amount and the interest you owe on the amount in 30 years. 

However, home loans can also have a shorter or longer term. They may be as low as ten years or up to 45 years, depending on the product and lender. 

It’s worth remembering that a longer loan term usually means you’ll end up paying a lot more interest in total, but your scheduled repayments may be more manageable. In contrast, you could opt for a shorter loan term if you are comfortable making large repayments in exchange for paying less interest over the term of the loan.

Can I apply for an ANZ non-resident home loan? 

You may be eligible to apply for an ANZ non-resident home loan only if you meet the following two conditions:

  1. You hold a Temporary Skill Shortage (TSS) visa or its predecessor, the Temporary Skilled Work (subclass 457) visa.
  2. Your job is included in the Australian government’s Medium and Long Term Strategic Skills List. 

However, non-resident home loan applications may need Foreign Investment Review Board (FIRB) approval in addition to meeting ANZ’s Mortgage Credit Requirements. Also, they may not be eligible for loans that require paying for Lender’s Mortgage Insurance (LMI). As a result, you may not be able to borrow more than 80 per cent of your home’s value. However, you can apply as a co-borrower with your spouse if they are a citizen of either Australia or New Zealand, or are a permanent resident.

Where can I get all the information about an ANZ first home buyer’s loan?

As a first home buyer, you may require help and hand-holding, and as such ANZ has the buying your first home section on its website full of important information. ANZ also has a form in this section you can fill out to get a free consultation from an ANZ First Home Coach and create your own plan for buying your first home. This coach will help you understand where your current income is being spent and plan for your home loan repayments. You’ll get a clear picture of the costs involved in purchasing a property and how to budget or save for these costs. The coach will help you understand different deposit options and manage your accounts to enhance your savings.

There are three types of ANZ first home loans - Standard Variable, Fixed, and Equity Manager. The features, interest rates, and terms for each are different, and you can compare them here.

When they apply for an ANZ home loan, first home buyers can also get guidance on applying for the First Home Owner Grant (FHOG). This is a one-off government grant that may be available to you when you’re buying your first home. The eligibility criteria for FHOG differs between the different states and territories, which is why it’s helpful to have expert advice when applying.

How long does Bankwest take to approve home loans?

Full approval for a home loan usually involves a property valuation, which, Bankwest suggests, can take “a week or two”. As a result, getting your home loan approved may take longer. However, you may get full approval within this time if you applied for and received conditional approval, sometimes called a pre-approval, from Bankwest before finalising the home you want to buy.  

Another way of speeding up approvals can be by completing, signing, and submitting your home loan application digitally. Essentially, you give the bank or your mortgage broker a copy of your home’s sale contract and then complete the rest of the steps online. Bankwest has claimed this cuts the approval time to less than four days, although this may only happen if your income and credit history can be verified easily, or if your home’s valuation doesn’t take time.

Can I get a NAB home loan on casual employment?

While many lenders consider casual employees as high-risk borrowers because of their fluctuating incomes, there are a few specialist lenders, such as NAB, which may provide home loans to individuals employed on a casual basis. A NAB home loan for casual employment is essentially a low doc home loan specifically designed to help casually employed individuals who may be unable to provide standard financial documents. However, since such loans are deemed high risk compared to regular home loans, you could be charged higher rates and receive lower maximum LVRs (Loan to Value Ratio, which is the loan amount you can borrow against the value of the property).

While applying for a home loan as a casual employee, you will likely be asked to demonstrate that you've been working steadily and might need to provide group certificates for the last two years. It is at the lender’s discretion to pick either of the two group certificates and consider that to be your income. If you’ve not had the same job for several years, providing proof of income could be a bit of a challenge for you. In this scenario, some lenders may rely on your year to date (YTD) income, and instead calculate your yearly income from that.

How can I apply for a first home buyers loan with Commonwealth Bank?

Getting a home loan requires planning and research. If you are considering a home loan with the Commonwealth Bank, you can find the information you need in the buying your first home section of the bank’s website.

You can see the steps you should take before applying for the loan and use the calculators to work out how much you can borrow, what your monthly repayments would be and the upfront costs you’d likely pay.

You can also book a time with a Commonwealth first home loan specialist by calling 13 2221.

CommBank publishes a property report that may help you understand the real estate market. The bank has also created a CommBank Property App that you can use to search for property.  The link to download this app is available on the same webpage.

If you are eligible for the First Home Loan Deposit Scheme, CommBank will help you process your application. The scheme helps first home buyers to purchase a home with a low deposit. You can read details about this scheme here and speak with a CommBank home lending specialist to understand your options.

Why should I get an ING home loan pre-approval?

When you apply for an ING home loan pre-approval, you might be required to provide proof of employment and income, savings, as well as details on any on-going debts. The lender could also make a credit enquiry against your name. If you’re pre-approved, you will know how much money ING is willing to lend you. 

Please note, however, that a pre-approval is nothing more than an idea of your ability to borrow funds and is not the final approval. You should receive the home loan approval  only after finalising the property and submitting a formal loan application to the lender, ING. Additionally, a pre-approval does not stay valid indefinitely, since your financial circumstances and the home loan market could change overnight.

 

 

Can I get a NAB first home loan?

The First Home Loan Deposit Scheme of NAB helps first home buyers purchase a property sooner by reducing the upfront costs required. This scheme is offered based on a Government-backed initiative, with10,000 available places announced in October 2020.

Suppose your application for the NAB first home buyer loan is successful. In that case, you’ll only need to pay a low deposit, between 5 and 20 per cent of the property value and won’t be asked to pay lender's mortgage insurance (LMI). You’ll also receive a limited guarantee from the Australian government to purchase the property.

If you’re applying for the NAB first home buyer home loan as an individual, you need to have earned less than $125,000 in the last financial year. Couples applying for the NAB first home loan need to have earned less than $200,000 to be eligible. To be considered a couple, you need to be married or in a de facto relationship. A parent and child, siblings or friends are not considered a couple when applying for a NAB first home loan.

The NAB First Home Loan Deposit Scheme is currently offered only to purchase a brand new property, rather than an established property.

How to apply for a pre-approval home loan from Bendigo Bank?

Applying for pre-approval on your home loan gives you confidence in your ability to secure finance while looking at potential new homes. You can get a free and personalised pre-approval home loan from Bendigo Bank in just a few minutes, without any credit checks or paperwork. 

Bendigo Bank offers pre-approval for home loans that allow you to understand the home loan size you may be able to get before looking for a new home. 

With the pre-approval, Bendigo Bank provides an estimate of your borrowing power. This figure incorporates stamp duty, lenders mortgage insurance (LMI) and any first home buyer incentives you may be eligible for. You may also qualify for the First Home Loan Deposit Scheme initiative, depending on your circumstances. 

To apply for a pre-approval on your home loan from Bendigo Bank, all you need to do is fill in a smart form. You could also contact the bank directly on 1300 236 344.

Does Australia have no-deposit home loans?

Australia no longer has no-deposit home loans – or 100 per cent home loans as they’re also known – because they’re regarded as too risky.

However, some lenders allow some borrowers to take out mortgages with a 5 per cent deposit.

Another option is to source a deposit from elsewhere – either by using a parental guarantee or by drawing out equity from another property.

How common are low-deposit home loans?

Low-deposit home loans aren’t as common as they once were, because they’re regarded as relatively risky and the banking regulator (APRA) is trying to reduce risk from the mortgage market.

However, if you do your research, you’ll find there is still a fairly wide selection of banks, credit unions and non-bank lenders that offers low-deposit home loans.

Does Westpac offer loan maternity leave options?

Having a baby or planning for one can bring about a lot of changes in your life, including to the hip pocket. You may need to re-do the budget to make sure you can afford the upcoming expenses, especially if one partner is taking parental leave to look after the little one. 

Some families find it difficult to meet their home loan repayment obligations during this period. Flexible options, such as the Westpac home loan maternity leave offerings, have been put together to help reduce the pressure of repayments during parental leave.

Westpac offers a couple of choices, depending on your circumstances:

  • Parental Leave Mortgage Repayment Reduction: You could get your home loan repayments reduced for up to 12 months for home loans with a term longer than a year. 
  • Mortgage Repayment Pause: You can pause repayments while on maternity leave, provided you’ve made additional repayments earlier.

When applying for a home loan while pregnant, Westpac has said it will recognise paid maternity leave and back-to-work salaries. All you need is a letter from your employer verifying your return-to-work date and the nature of your employment. Your partner’s income, government entitlements, savings and investments will may help your application.

Are bad credit home loans dangerous?

Bad credit home loans can be dangerous if the borrower signs up for a loan they’ll struggle to repay. This might occur if the borrower takes out a mortgage at the limit of their financial capacity, especially if they have some combination of a low income, an insecure job and poor savings habits.

Bad credit home loans can also be dangerous if the borrower buys a home in a stagnant or falling market – because if the home has to be sold, they might be left with ‘negative equity’ (where the home is worth less than the mortgage).

That said, bad credit home loans can work out well if the borrower is able to repay the mortgage – for example, if they borrow conservatively, have a decent income, a secure job and good savings habits. Another good sign is if the borrower buys a property in a market that is likely to rise over the long term.