Important disclosure
Savvy First Home Buyer Loan
Interest Rate
5.69%
p.a
Variable
Comparison Rate*
6.11%
p.a
5.69%
p.a
Variable
6.11%
p.a
$3,127
based on $500,000 loan amount for 25 years at 5.69%
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 |
Promoted home loans
Promoted
Discount Variable
6.04%
p.a
Variable
6.06%
p.a
FAQs
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