Credit Union SA Fixed Rate Home Loan (Interest Only) 1 Year | Review & Compare Home Loans

Fixed Rate Home Loans

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Advertised Rate

3.84

% p.a

Fixed - 1 year

Comparison Rate*

4.90

% p.a

Maximum LVR

97%

Real Time Rating™

Monthly Repayment

$1,557

based on $300,000 loan amount for 25 years at 3.84%

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Features & fees
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Advertised Rate

3.84

% p.a

Fixed - 1 year

Comparison Rate*

4.90

% p.a

Maximum LVR

97%

Real Time Rating™

Monthly Repayment

$1,557

based on $300,000 loan amount for 25 years at 3.84%

Calculate your repayments for this loan

Your estimated repayment

$1,557

based on $300,000 loan amount for 25 years at 3.84%

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

TMD

Monthly Repayment

$1,147

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

Advertised 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

$1,153

based on $300,000 loan amount for 25 years at 2.29%

Advertised Rate

2.29

% p.a

Fixed - 2 years

Comparison Rate*

3.46

% p.a

Cashback

Refinance and get $3000 for new Owner Occupier (Principal & Interest) and Residential Investment loans. Apply by 30th November 2021 and settle by 28th February 2022. Terms and conditions apply.*

Real Time Rating™

More Features

Monthly Repayment

$1,078

based on $300,000 loan amount for 25 years at 1.79%

Advertised Rate

1.79

% p.a

Fixed - 2 years

Comparison Rate*

3.73

% p.a

Interest rates ranked in the best 20%
No upfront fees
Redraw facility available
Extra repayments and redraw facility

Real Time Rating™

More Features

Quick home loan review

For Fixed Rate Home Loan (Interest Only) 1 Year

These are the benefits of this home loan.

No ongoing 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
Higher than average upfront fee
Discharge fee at end of loan
No repayment holidays

Home loan overview

For Fixed Rate Home Loan (Interest Only) 1 Year

TMD

Details
Features
Fees
Application method

Details

Maximum LVR 97%	Total Repayments $288,000 View repayment schedule »
Next LVR	Interest rate type Fixed - 1 year
Borrowing range $20k - $100m Calculate how much you can borrow	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	Offset account No
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 750	Application fee 600
Legal fee $0	Valuation fee $0
Settlement fee 150	Other upfront fee 0
Ongoing fee $0	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.

Compare and review home loans with similar features

TMD

Advertised Rate

1.79

% p.a

Fixed - 1 year

Comparison Rate*

2.06

% p.a

Interest rates ranked in the best 20%
No upfront or ongoing fees
100% full offset account
Parents can sign as guarantor

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Advertised Rate

1.79

% p.a

Fixed - 1 year

Comparison Rate*

2.18

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Interest rates ranked in the best 20%
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Advertised Rate

3.89

% p.a

Fixed - 1 year

Comparison Rate*

5.18

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Parents can sign as guarantor
Extra repayments and redraw facility
Free redraw facility
Split account option

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Advertised Rate

2.14

% p.a

Fixed - 1 year

Comparison Rate*

2.35

% p.a

Interest rates ranked in the best 20%
No upfront or ongoing fees

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FAQs

The range you can borrow from this loan is $20k to $99,999,999.

This loan option comes with a maximum loan-to-value ratio of 97 percent, which means it requires a minimum deposit of 3 percent

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

Credit Union SA 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 $750 worth of upfront fees.

Yes, this loan comes with a redraw, charged at $0 if you need to use it.

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

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