Important disclosure
Home Equity Loan
Find your ideal home loan from one of the 1 home loans from Macquarie Credit Union
Principal and Interest (P&I)
Loan type | Loan to value ratio | Interest rate | Comparison rate | |
---|---|---|---|---|
Variable | Up to 80% | 9.40% p.a. | 9.45% p.a. | Product Info |
Interest only
Loan type | Loan to value ratio | Interest rate | Comparison rate |
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Macquarie Credit Union Variable Rate Home loan overview
For Home Equity Loan
Details
Maximum LVR 80% | Total Repayments |
Interest rate type Variable | Borrowing range
$5k
-
$100m
|
Suitable for Line of Credit, Owner Occupiers | Loan term range 1 - 30 years |
Repayment type Principal and Interest | Applicable states ACT, NSW, NT, QLD, SA, TAS, VIC, WA |
Target Market Determination Visit Macquarie Credit Union 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 $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 Home Equity Loan
Benefits
- No ongoing fees
- Extra repayments and redraw facility
- Free redraw facility
Drawbacks
- No offset account
- Higher than average interest rate
- Higher than average upfront fee
- Discharge fee at end of loan
FAQs
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