Basic Variable Home Loan (Principal and Interest) (LVR < 80%)
Discount Variable Home Loan
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$0 application feeMake the move to UBank's award winning home loan
2.84%
Variable
2.84%
Owner Occupier Discounted Variable Rate
3.75%
Variable
3.82%
$1,158
Pros
- No ongoing fees
- Extra repayments + redraw services
- Repayments may decrease if RBA cuts rates
Cons
- Discharge fee at end of loan
- Repayments may increase if RBA raises rates
Maximum LVR 80% | Interest rate structure Variable |
Borrowing range $50k - $1m | Total Repayments $416,880 |
Principal & interest | Interest only |
Loan term range 5 - 30 years | Offset account No |
Extra repayments Unlimited extra repayments | Redraw facility Redraw fee: $15 |
Allows split interest | Suitable For Owner Occupiers |
Applicable States ACT, NSW, NT, QLD, SA, TAS, VIC, WA | |
Estimated upfront fees $990 | Application fee $600 |
Settlement fee $0 | Valuation fee $0 |
Legal fee $390 | Ongoing fee $0 |
Discharge fee $300 | Property Type |
SMSF Trustee | Minimum SMSF Amount |
Aggregator |
Legal Fees are charged at cost. Comparison rate calculation is based on legal fess of $390, but actual fees vary.
Compare and review home loans with similar features
Community First Credit Union is a mutual organisation that has been in operation since 1959. Unlike banks, who make profits to pay dividends to shareholders, it’s a member-owned and -run financial institution.
Community First Credit Union is based in New South Wales, has 68,000 customers throughout Australia and $940 million in assets.
Community First Credit Union doesn’t have an extensive range of home loans. Instead, it focuses on delivering competitive mortgage rates on the mortgages it offers.
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FAQs
The standard variable rate (SVR) is the interest rate a lender applies to their standard home loan. It is a variable interest rate which is normally used as a benchmark from which they price their other variable rate home loan products.
A standard variable rate home loan typically includes most, if not all the features the lender has on offer, such as an offset account, but it often comes with a higher interest rate attached than their most ‘basic’ product on offer (usually referred to as their basic variable rate mortgage).