Important disclosure

Coastline Credit Union

Minimiser Home Loan

  • Owner Occupied
  • Variable
  • 40% min deposit
  • P&I
Interest Rate

7.14%

p.a

Comparison Rate*

7.29%

p.a

Real Time Rating™
Tags
  • Owner Occupied
  • Variable
  • 40% min deposit
  • P&I
Interest Rate

7.14%

p.a

Comparison Rate*

7.29%

p.a

ly Repayment

$0

based on $350,000 loan amount for 30 years at 7.14%

Minimiser Home Loan

Find your ideal home loan from one of the 3 home loans from Coastline Credit Union

Principal and Interest (P&I)

Loan typeLoan to value ratio
Interest rate
Comparison rate
Variable
Up to 60%

7.14% p.a.

7.29% p.a.

Product Info
Variable
Up to 80%

7.44% p.a.

7.59% p.a.

Product Info
Variable
Up to 90%

7.84% p.a.

7.99% p.a.

Product Info

Interest only

Loan typeLoan to value ratio
Interest rate
Comparison rate

Coastline Credit Union Variable Rate Home loan overview

For Minimiser Home Loan (LVR ≤ 60%)

Details

Maximum LVR

60%

Total Repayments

Interest rate type

Variable

Borrowing range

Suitable for

Owner Occupiers

Loan term range

1 - 30 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 Coastline 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

$600

Application fee

$250

Valuation fee

$0

Settlement fee

$0

Other upfront fee

$0

Ongoing fee

$8

Discharge fee

$160

Pros and cons

For Minimiser Home Loan (LVR ≤ 60%)

Benefits

  • 100% full offset account
  • Parents can sign as guarantor
  • Extra repayments and redraw facility
  • Free redraw facility
  • Split account option

Drawbacks

  • Higher than average interest rate
  • Ongoing fee
  • Higher than average upfront fee
  • Discharge fee at end of loan
  • Maximum loan amount is limited to 60% of the property's value
  • No repayment holidays
Home loans

Looking for more Coastline Credit Union products?

Promoted home loans

Promoted

Lower Rate

Express Home Loan

Real Time Rating™
  • Owner Occupied
  • Fixed undefined year
  • 10% min deposit
  • P&I

special

Fast Online Approval. T&Cs apply.
Interest Rate

6.01%

p.a

Comparison Rate*

6.14%

p.a

Promoted

Major Banks

Simplicity Plus Loan

Real Time Rating™
  • Owner Occupied
  • Fixed undefined year
  • 10% min deposit
  • P&I

Cashback

$2,000 cashback when you refinance an eligible home loan.
Interest Rate

7.24%

p.a

Comparison Rate*

7.24%

p.a

Promoted

Generic

Variable Rate Home Loan – Refinance Only

Real Time Rating™
  • Owner Occupied
  • Fixed undefined year
  • 20% min deposit
  • P&I

2024 Award Winner

special

Receive an extra 0.01% p.a. discount every year, up to a maximum discount of 0.30% p.a.
Interest Rate

5.99%

p.a

Comparison Rate*

5.90%

p.a

FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $150k 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 60 percent, which means it requires a minimum deposit of 40 percent

What's the maximum length for this loan?

Coastline Credit Union allows you to have this loan for a range of 1 to 30 years.

How often can you make repayments?

Coastline 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 $600 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?

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