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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.
Calculate your repayments for this loan
Your estimated repayment
$4,142
based on 500000 loan amount for 25 years at 9.33%
Monthly Repayment
$4,142
Total interest
$991,262
Total payments
$1,491,262
Start date
05-2024
End date
05-2049
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
GMCU Variable Rate Home Loan overview
For GMCU Equity Access
Details
Maximum LVR
80%
Total repayments
$1,491,262
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