Important disclosure
Calculate your repayments for this loan
Your estimated repayment
$3,127
based on $500,000 loan amount for 25 years at 5.69%
Pros and cons
For Savvy First Home Buyer Loan (Principal and Interest) (New Customer)
Benefits
- Interest rates ranked in the best 20%
- No ongoing fees
- 100% full offset account
- Suitable for low deposits
- Extra repayments and redraw facility
- Free redraw facility
Drawbacks
- Higher than average upfront fee
- Discharge fee at end of loan
- No repayment holidays
LCU Variable Rate Home loan overview
For Savvy First Home Buyer Loan (Principal and Interest) (New Customer)
Details
Maximum LVR 95% | Total Repayments $938,229 |
Interest rate type Variable | Borrowing range
$50k
-
$100m
|
Suitable for Owner Occupiers | Loan term range 0 - 30 years |
Repayment type Principal and Interest | Applicable states ACT, NSW, NT, QLD, SA, TAS, VIC, WA |
Target Market Determination Visit Laboratories Credit Union Limited T/A LCU to view Target Market Determination. |
Features
Extra repayments Unlimited | Redraw facility Redraw fee: $0 |
Offset account | Split interest facility |
Loan portability | Repayment holiday available |
Allow guarantors | Available for first home buyers |
Other benefits |
Fees
Total estimated upfront fees $1.6k | Application fee $916 |
Legal fee $310 | Valuation fee $350 |
Settlement fee $0 | Other upfront fee $0 |
Ongoing fee $0 | Discharge fee $200 |
FAQs
What is the minimum amount you can apply for?
What's the minimum deposit needed for this loan?
What's the maximum length for this loan?
How often can you make repayments?
How much will the upfront fees be for this loan?
Does this loan come with a redraw facility?
Where can you apply for this loan?