Community First Credit Union Basic Variable Home Loan (Interest Only) (LVR < 80%) | Review & Compare Home Loans

Basic variable home loan

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Interest Rate

4.00

% p.a

Variable

Comparison Rate*

3.85

% p.a

Maximum LVR

95%

Real Time Rating™

Monthly Repayment

$1,584

based on $300,000 loan amount for 25 years at 4.00%

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Summary
Features & fees
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Interest Rate

4.00

% p.a

Variable

Comparison Rate*

3.85

% p.a

Maximum LVR

95%

Real Time Rating™

Monthly Repayment

$1,584

based on $300,000 loan amount for 25 years at 4.00%

Calculate your repayments for this loan

Your estimated repayment

$1,584

based on $300,000 loan amount for 25 years at 4.00%

Based on your details, you can compare and save on the following home loans

TMD

Monthly Repayment

$1,282

based on $300,000 loan amount for 25 years at 2.07%

Interest Rate

2.07

% p.a

Fixed - 2 years

Comparison Rate*

2.65

% p.a

Interest rates ranked in the best 20%
Extra repayments and redraw facility
Free redraw facility
Split account option

Real Time Rating™

More Features

Monthly Repayment

$1,308

based on $300,000 loan amount for 25 years at 1.85%

Interest Rate

1.85

% p.a

Intro 24 months

Comparison Rate*

2.21

% p.a

Interest rates ranked in the best 20%
No ongoing fees
Extra repayments and redraw facility
Free redraw facility

Real Time Rating™

More Features

Monthly Repayment

$1,256

based on $300,000 loan amount for 25 years at 1.89%

Interest Rate

1.89

% p.a

Variable

Comparison Rate*

1.89

% p.a

Interest rates ranked in the best 20%
No upfront or ongoing fees
100% full offset account
Extra repayments and redraw facility

Real Time Rating™

More Features

Quick home loan review

For Basic Variable Home Loan (Interest Only) (LVR < 95%)

These are the benefits of this home loan.

No ongoing fees
Suitable for low deposits
Redraw facility available
Extra repayments and redraw facility
Split account option

These are the drawbacks of this home loan.

No offset account
Higher than average interest rate
Higher than average upfront fee
Discharge fee at end of loan
No repayment holidays

Home loan overview

For Basic Variable Home Loan (Interest Only) (LVR < 95%)

TMD

Details
Features
Fees
Application method

Details

Maximum LVR 95%	Total Repayments $300,000 View repayment schedule »
Next LVR	Interest rate type Variable
Borrowing range $50k - $1m Calculate how much you can borrow	Suitable for Owner Occupiers
Loan term range 5 - 30 years	Principal & interest
Interest only	Applicable states ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Make repayments Fortnightly, Monthly, Weekly

Features

Extra repayments Unlimited extra repayments	Offset account No
Redraw facility Redraw fee: $15	Split interest facility
Loan portable	Repayment holiday available
Allow guarantors	Available for first home buyers

Fees

Total estimated upfront fees 600	Application fee 600
Legal fee At Cost	Valuation fee $0
Settlement fee 0	Other upfront fee 0
Ongoing fee $0	Discharge fee 300

Application method

Online Compare	Phone
Broker	In branch

Target Market Determination

Visit Community First Credit Union to view Target Market Determination.

Other Benefits

Legal Fees are charged at cost. Comparison rate calculation is based on legal fess of $390, but actual fees vary.

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2.99

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3.03

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FAQs

The range you can borrow from this loan is $50k to $1,000,000.

This loan option comes with a maximum loan-to-value ratio of 95 percent, which means it requires a minimum deposit of 5 percent

Community First Credit Union allows you to have this loan for a range of 5 to 30 years.

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

While it could change based on your circumstances, RateCity estimates that this loan option comes with $600 worth of upfront fees.

Yes, this loan comes with a redraw, charged at $15 if you need to use it.

To apply for this loan, please contact Community First Credit Union.

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