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- Home Loans
- Macquarie Credit Union
- Power Home Loan Package
Power Home Loan Package
- Owner Occupied
- Variable
- 5% min deposit
- P&I
Interest rate p.a.
7.50%
Comparison rate* p.a.
7.88%
Power Home Loan Package
- Owner Occupied
- Variable
- 5% min deposit
- P&I
Interest rate p.a.
7.50%
Comparison rate* p.a.
7.88%
Macquarie Credit Union Variable Rate Home Loan overview
For Power Home Loan Package ($400k+)
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
Variable
Borrowing range
$400k - $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
Bonus rates on term deposits, discounts on home, landlord's and comprehensive car insurance.
Fees
Total estimated upfront fees
$0
Application fee
$0
Legal fee
$0
Valuation fee
$0
Settlement fee
$0
Other upfront fee
$0
Ongoing fee
$400
Discharge fee
$350
Pros and Cons
For Power Home Loan Package
Benefits
- No upfront fees
- 100% full offset account
- Suitable for low deposits
- Extra repayments and redraw facility
- Free redraw facility
- Split account option
Drawbacks
- Higher than average interest rate
- Ongoing fee
- Discharge fee at end of loan
