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- Home Loans
- Macquarie Credit Union
- Fixed Rate Home Loan
Fixed Rate Home Loan
- Owner Occupied
- Fixed 3 years
- 5% min deposit
- P&I
Interest rate p.a.
5.97%
Comparison rate* p.a.
7.72%
Fixed Rate Home Loan
- Owner Occupied
- Fixed 3 years
- 5% min deposit
- P&I
Interest rate p.a.
5.97%
Comparison rate* p.a.
7.72%
Macquarie Credit Union Fixed - 3 years Rate Home Loan overview
For Fixed Rate Home Loan 3 Years
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
95%
Total repayments
Interest rate type
Fixed - 3 years
Borrowing range
$10k - $100m
Suitable for
Owner Occupiers
Loan term range
1 - 30 years
Repayment type
Principal and Interest
Applicable states
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Repayment options
Fortnightly, Monthly, Weekly
Target Market Determination
Visit Macquarie Credit Union to view Target Market Determination.
Features
Extra repayments
Allowed with restrictions
Redraw facility
Offset account
Split interest facility
Loan portability
Repayment holiday available
Allow guarantors
Available for first home buyers
Other benefits
Fees
Total estimated upfront fees
$400
Application fee
$250
Legal fee
$0
Valuation fee
$0
Settlement fee
$150
Other upfront fee
$0
Ongoing fee
$0
Discharge fee
$350
Pros and Cons
For Fixed Rate Home Loan
Benefits
- Interest rates ranked in the best 20%
- No ongoing fees
- Suitable for low deposits
- Split account option
Drawbacks
- Limited extra repayments
- No redraw and no offset
- Loan reverts to higher rate after fixed period
- Higher than average upfront fee
- Discharge fee at end of loan
