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Credit Union SA

Home Loan Package

Advertised Rate

3.64

% p.a

Fixed - 3 years

Comparison Rate*

4.19

% p.a

Maximum LVR
97%
Real Time Rating™

1.69

/ 5
Monthly Repayment

$1,524

based on $300,000 loan amount for 25 years at 3.64%

Advertised Rate

3.64

% p.a

Fixed - 3 years

Comparison Rate*

4.19

% p.a

Maximum LVR
97%
Real Time Rating™

1.69

/ 5
Monthly Repayment

$1,524

based on $300,000 loan amount for 25 years at 3.64%

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,524

based on $300,000 loan amount for 25 years at 3.64%

Quick home loan review

For Fixed Home Loan Package (Interest Only) 3 Years

These are the benefits of this home loan.

  • No upfront fees
  • Suitable for low deposits
  • Extra repayments and redraw facility
  • Free redraw facility
  • Split account option

These are the drawbacks of this home loan.

  • Limited extra repayments
  • No offset account
  • Higher than average interest rate
  • Loan reverts to higher rate after fixed period
  • Ongoing fee
  • Discharge fee at end of loan
  • No repayment holidays

Home loan overview

For Fixed Home Loan Package (Interest Only) 3 Years

TMD

Details

Maximum LVR

97%

Total Repayments

Next LVR

Interest rate type

Fixed - 3 years

Borrowing range

Suitable for

Owner Occupiers

Loan term range

1 - 30 years

Principal & interest

Interest only

Applicable states

SA

Make repayments

Fortnightly, Monthly, Weekly

Features

Extra repayments

Yes - limited to $10000

Redraw facility

Redraw fee: $0

Split interest facility

Loan portable

Repayment holiday available

Allow guarantors

Available for first home buyers

Fees

Total estimated upfront fees

0

Application fee

0

Valuation fee

$0

Settlement fee

0

Other upfront fee

0

Ongoing fee

$395 annually

Discharge fee

350

Application method

Online

Phone

Broker

In branch

Specials
  • Other $5,000 First Home Buyers Grant on eligible loans
    When you borrow at least $250,000 to purchase or build a first home with a loan to value ratio over 80%. All loans that are eligible for the First Home Buyers Grant will be subject to pay Lenders’ Mortgage Insurance. To be eligible, applicants must not have previously owned residential property in Australia.
  • Cashback Enjoy a $2,500 cashback when you take out a home loan with us.
    Cashback offer available on any owner-occupied or investment loan with minimum new borrowings of $250,000 where the loan to value ratio is 80% or less. Funds available at settlement, except in the case of construction loans where cashback will be paid on confirmation that the foundation has been poured. Limit of one cashback per household.

Target Market Determination

Visit Credit Union SA to view Target Market Determination.

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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 97 percent, which means it requires a minimum deposit of 3 percent

What's the maximum length for this loan?

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

How often can you make repayments?

Credit Union SA 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 $0 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.

How do you apply for this loan?

To apply for this loan, please contact Credit Union SA.