Important disclosure

Central West Credit Union

Minimiser Home Loan

  • Owner Occupied
  • Variable
  • 20% min deposit
  • P&I
Interest Rate

6.99%

p.a

Comparison Rate*

7.07%

p.a

Real Time Rating™
Tags
  • Owner Occupied
  • Variable
  • 20% min deposit
  • P&I
Interest Rate

6.99%

p.a

Comparison Rate*

7.07%

p.a

ly Repayment

$0

based on $350,000 loan amount for 25 years at 6.99%

Minimiser Home Loan

Find your ideal home loan from one of the 1 home loans from Central West Credit Union

Principal and Interest (P&I)

Loan typeLoan to value ratio
Interest rate
Comparison rate
Variable
Up to 80%

6.99% p.a.

7.07% p.a.

Product Info

Interest only

Loan typeLoan to value ratio
Interest rate
Comparison rate

Central West Credit Union Variable Rate Home loan overview

For Minimiser Home Loan

Details

Maximum LVR

80%

Total Repayments

Interest rate type

Variable

Borrowing range

Suitable for

Owner Occupiers

Loan term range

1 - 25 years

Repayment type

Principal and Interest

Applicable states

ACT, NSW, NT, QLD, SA, TAS, VIC, WA

Repayment options

Fortnightly, Monthly, Weekly

Target Market Determination

Visit Central West Credit Union to view Target Market Determination.

Features

Extra repayments

Unlimited

Redraw facility

Redraw fee: $0

Split interest facility

Loan portability

Repayment holiday available

Allow guarantors

Available for first home buyers

Other benefits

Fees

Total estimated upfront fees

$650

Application fee

$650

Valuation fee

$0

Settlement fee

$0

Other upfront fee

$0

Ongoing fee

$0

Discharge fee

$0

Pros and cons

For Minimiser Home Loan

Benefits

  • No ongoing fees
  • Extra repayments and redraw facility
  • Free redraw facility

Drawbacks

  • No offset account
  • Higher than average interest rate
  • Higher than average upfront fee
  • No repayment holidays
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Interest Rate

6.01%

p.a

Comparison Rate*

6.14%

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Comparison Rate*

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No LMI for up to 95% LVR Owner Occupier Purchases in Metro Capital Cities!
Interest Rate

6.30%

p.a

Comparison Rate*

6.58%

p.a

FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $100k to $99,999,999.

What's the minimum deposit needed for this loan?

This loan option comes with a maximum loan-to-value ratio of 80 percent, which means it requires a minimum deposit of 20 percent

What's the maximum length for this loan?

Central West Credit Union allows you to have this loan for a range of 1 to 25 years.

How often can you make repayments?

Central West Credit Union allows you to make repayments to this loan option through one of the following repayment schedules: fortnightly, monthly, weekly.

How much will the upfront fees be for this loan?

While it could change based on your circumstances, RateCity estimates that this loan option comes with $650 worth of upfront fees.

Does this loan come with a redraw facility?

Yes, this loan comes with a redraw, charged at $0 if you need to use it.

Where can you apply for this loan?

Central West Credit Union makes it possible to apply for this product online. Apply here.