- Home
- Home Loans
- Macquarie Credit Union
- Standard Variable Rate
Standard Variable Rate
- Owner Occupied
- Variable
- 5% min deposit
- P&I
Interest rate p.a.
8.40%
Comparison rate* p.a.
8.45%
Standard Variable Rate
- Owner Occupied
- Variable
- 5% min deposit
- P&I
Interest rate p.a.
8.40%
Comparison rate* p.a.
8.45%
Macquarie Credit Union Variable Rate Home Loan overview
For Standard Variable 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
Variable
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
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
Optional $2000 credit card
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 Standard Variable Rate
Benefits
- No ongoing 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
- Higher than average upfront fee
- Discharge fee at end of loan
