Coastline Credit Union Option Residential Investment Loan | Review & Compare Home Loans

Summary
Features & fees
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About

Advertised Rate

4.91%

Variable

Comparison Rate*

5.06%

Maximum LVR

90%

Real Time Rating™

1.71 / 5

Monthly Repayment

$1,328

Pros and Cons

Pros

Parents can sign as guarantor
Extra repayments + redraw services
Free redraw facility
Repayments may decrease if RBA cuts rates

Cons

Discharge fee at end of loan
Repayments may increase if RBA raises rates

Coastline Credit Union Fees and Features

Maximum LVR 90%	Interest rate structure Variable
Borrowing range $50k - $100m Calculate how much you can borrow	Total Repayments $478,080 View repayment schedule »
Principal & interest	Interest only
Loan term range 1 - 30 years	Offset account No
Extra repayments Unlimited extra repayments	Redraw facility Redraw fee: $0
Allows split interest	Suitable For Investors
Applicable States ACT, NSW, NT, QLD, SA, TAS, VIC, WA	Make Repayments Fortnightly, Monthly, Weekly
Estimated upfront fees $805	Application fee $200
Settlement fee $0	Valuation fee $275
Legal fee $330	Ongoing fee $8
Discharge fee $200	Property Type
SMSF Trustee	Minimum SMSF Amount
Aggregator

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Real Time Rating™

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Advertised Rate

Comparison Rate*

3.09%

Variable

3.12%

No ongoing fees
Parents can sign as guarantor
Extra repayments + redraw services
Free redraw facility

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More Flexibility

Inv UHomeLoan Fixed (Principal and Interest) 5 Years

Real Time Rating™

3.36 / 5

Advertised Rate

Comparison Rate*

3.24%

Fixed - 5 years

3.61%

No upfront or ongoing fees
Repayments will not change during fixed period

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Major Banks

Fixed Rate Investment Loan (Principal and Interest) 2 Years (LVR < 70%)

Real Time Rating™

1.97 / 5

Advertised Rate

Comparison Rate*

3.19%

Fixed - 2 years

5.03%

Parents can sign as guarantor
Extra repayments + redraw services
Free redraw facility
Repayments will not change during fixed period

Generic

Variable Investment Loan (Principal and Interest) (Refinance)

Real Time Rating™

3.86 / 5

Advertised Rate

Comparison Rate*

3.24%

Variable

3.20%

No upfront or ongoing fees
Extra repayments + redraw services
Free redraw facility
Repayments may decrease if RBA cuts rates

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Coastline Credit Union operates mostly on the Central Coast of New South Wales. It offers a wide range of financial service products including home loans, credit cards, business and personal banking facilities, and personal loans. It also offers car loans and insurance services and offers a number of branches on the New South Wales coast.

Customers can access their funds from any Westpac Group or St George ATM for free. Unlike a bank, Coastline Credit Union is a mutually owned credit union where all the customers are also shareholders / owners of the lender. Coastline Credit Union offers 24/7 internet banking services as well as a call centre.

Coastline Credit Union Home Loan Calculator

Interested in a Coastline Credit Union home loan? RateCity has a suite of calculators that can show you what your repayments would be and how Coastline Credit Union compares to its competitors. Simply plug in your borrowing amount below.