Hunter United Package Loan

Features

If you’re looking for a variable rate home loan that gives you added convenience and extra value when you bundle your credit card and transaction accounts, the Hunter United Package Loan is worth considering. Loans over $100,000 will also have access to free unlimited EFTPOS transactions.

This variable rate home loan has no upfront fees and gives you the option of scheduling your repayments weekly, fortnightly or monthly.

While this Package Loan does not have an interest-only payment option, it does give you access to a 100 percent offset account which can save you money over the life of the loan.

If you’re looking for ways to lessen your loan, you can make unlimited additional repayments without incurring additional fees.

Borrowers looking for extra peace of mind can take repayment insurance which can cover any loan repayments if you’re unable to work. You also have the option of taking a repayment holiday if you are ahead of your minimum repayments and if you need to access additional funds, there is a redraw facility.

For borrowers with a small deposit, this Hunter United Package Loan will lend you up to 95 percent of the property value, however all loans over 80 percent will have to pay lenders mortgage insurance.

Who is the Hunter United Package Loan good for?

The Hunter United Package Loan is good for borrowers looking for the convenience of bundling all their financial products together and gaining access to discounted credit card and transaction account fees. 

The low deposit required and zero upfront fees make this loan appealing to first home buyers and owner-occupiers.

Review - What RateCity says

This variable loan doesn’t have the lowest rate on the market but when you bundle your other accounts into the loan you get access to discounts on transaction accounts and credit cards. If you’re opting for the package for the potential savings, it’s worth checking that the discounts you receive outweigh the relatively high annual charge.

This loan has no split feature, which is something to consider if you like certainty over your repayment amounts. The lack of upfront fees together with the low deposit requirement can make this variable loan appealing to owner-occupiers and first home buyers.

It’s worth noting that Hunter United only has only a few branches spread across the Hunter Region of NSW, so borrowers looking for face-to-face support might find this limiting.

Hunter United Package Loan Options

The Hunter United Package Loan is a variable rate home loan which offers extra value when combined with credit card and transaction accounts. 

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More details

Variable Rates from

4.69%

Advertised rate

4.97%

Comparison rate
Pros
  • No upfront fees.
  • 100 percent offset account.
  • Extra repayments and redraws allowed.
Cons
  • No split loan feature.
  • High annual fee.
  • Limited branch access.
Eligibility

Be a member of Hunter United.

Provide proof of income and employment.

Suitable For
  • First Home Buyers
  • Owner-Occupiers
  • Refinancers
Fees
  • Estimated upfront fees: $0
  • Discharge fees: $80
  • Ongoing fees: $295 annually

The Hunter United Package Loan has no upfront or establishment fees. It does however have an annual fee and a small discharge fee for when the loan ends. Loans over 80 percent of the property value will have to pay Lenders’ Mortgage Insurance.

This loan lets you make one free redraw per month, you will be charged for additional withdrawals.

Features
  • Redraw facility
  • 100% offset account
  • Unlimited extra repayments
  • Weekly repayments
  • Fortnightly repayments
  • Monthly repayments
  • Loan allows split interest rate
About Hunter United

Hunter United Employees’ Credit Union began in 1963 as the BHP Employees’ Credit Union and over time has grown into a community driven financial institution serving the Hunter Valley. As a credit union, Hunter United distributes its profits back to its members by way of discounts and rate reductions.

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