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GCMU Equity Access
- Owner Occupied
- Variable
- 20% min deposit
- P&I
Interest rate p.a.
9.33%
Comparison rate* p.a.
GCMU Equity Access
- Owner Occupied
- Variable
- 20% min deposit
- P&I
Interest rate p.a.
9.33%
Comparison rate* p.a.
GMCU Variable Rate Home Loan overview
For GMCU Equity Access
Principal & Interest (P&I)
Loan type
Loan to value ratio
Interest rate
Comparison rate
Interest only
Loan type
Loan to value ratio
Interest rate
Comparison rate
Details
Maximum LVR
80%
Total repayments
Interest rate type
Variable
Borrowing range
$100k - $100m
Suitable for
Line of Credit, Owner Occupiers
Loan term range
1 - 30 years
Repayment type
Principal and Interest
Applicable states
VIC
Repayment options
Fortnightly, Monthly, Weekly
Target Market Determination
Visit Goulburn Murray Credit Union to view Target Market Determination.
Features
Extra repayments
Unlimited
Redraw facility
Redraw fee: $25
Offset account
Split interest facility
Loan portability
Repayment holiday available
Allow guarantors
Available for first home buyers
Other benefits
Fees
Total estimated upfront fees
$140
Application fee
$140
Legal fee
$0
Valuation fee
$0
Settlement fee
$0
Other upfront fee
$0
Ongoing fee
$0
Discharge fee
$150
Pros and Cons
For GCMU Equity Access
Benefits
- No ongoing fees
- Redraw facility available
- Extra repayments and redraw facility
- Split account option
Drawbacks
- No offset account
- Higher than average interest rate
- Higher than average upfront fee
- Discharge fee at end of loan
- No repayment holidays
