- Home
- Home Loans
- Macquarie Credit Union
- Introductory Variable Rate
Introductory Variable Rate
- Owner Occupied
- Variable
- 5% min deposit
- P&I
Interest rate p.a.
6.05%
Comparison rate* p.a.
6.70%
Introductory Variable Rate
- Owner Occupied
- Variable
- 5% min deposit
- P&I
Interest rate p.a.
6.05%
Comparison rate* p.a.
6.70%
Macquarie Credit Union Intro 24 months Rate Home Loan overview
For Discounted Variable Rate Intro Home Loan
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
Intro 24 months
Borrowing range
$150k - $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
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
$250
Application fee
$250
Legal fee
$0
Valuation fee
$0
Settlement fee
$0
Other upfront fee
$0
Ongoing fee
$0
Discharge fee
$200
Pros and Cons
For Introductory Variable Rate
Benefits
- No ongoing fees
- Suitable for low deposits
- Extra repayments and redraw facility
- Free redraw facility
Drawbacks
- No offset account
- Higher than average interest rate
- Loan reverts to higher rate after introductory period
- Higher than average upfront fee
- Discharge fee at end of loan
- No repayment holidays
