RateCity.com.au
powering smart financial decisions
Northern Inland Credit Union

Introductory Home Loan (Fixed)

Advertised Rate

2.29

% p.a

Fixed - 1 year

Comparison Rate*

3.92

% p.a

Maximum LVR
Less than 80%
Real Time Rating™

1.80

/ 5
Monthly Repayment

$1,314

based on $300,000 loan amount for 25 years at 2.29%

Advertised Rate

2.29

% p.a

Fixed - 1 year

Comparison Rate*

3.92

% p.a

Maximum LVR
Less than 80%
Real Time Rating™

1.80

/ 5
Monthly Repayment

$1,314

based on $300,000 loan amount for 25 years at 2.29%

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,314

based on $300,000 loan amount for 25 years at 2.29%

Quick home loan review

For Introductory Home Loan Fixed 1 Year

These are the benefits of this home loan.

  • Interest rates ranked in the best 20%
  • Parents can sign as guarantor
  • Extra repayments and redraw facility
  • Free redraw facility
  • Split account option

These are the drawbacks of this home loan.

  • Limited extra repayments
  • No offset account
  • Loan reverts to higher rate after fixed period
  • Ongoing fee
  • Higher than average upfront fee
  • Discharge fee at end of loan
  • No repayment holidays

Home loan overview

For Introductory Home Loan Fixed 1 Year

TMD

Details

Maximum LVR

Less than 80%

Total Repayments

Next LVR

Interest rate type

Fixed - 1 year

Borrowing range

Suitable for

Owner Occupiers

Loan term range

0 - 30 years

Principal & interest

Interest only

Applicable states

ACT, NSW, NT, QLD, SA, TAS, VIC, WA

Make repayments

Fortnightly, Monthly, Weekly

Features

Extra repayments

Yes - limited to $10000 per year

Redraw facility

Redraw fee: $0

Split interest facility

Loan portable

Repayment holiday available

Allow guarantors

Available for first home buyers

Fees

Total estimated upfront fees

930

Application fee

600

Valuation fee

$0

Settlement fee

0

Other upfront fee

330

Ongoing fee

$8 monthly

Discharge fee

200

Application method

Online

Phone

Broker

In branch

Target Market Determination

Visit Northern Inland Credit Union to view Target Market Determination.

Other Benefits

Visa Classic Credit Card at reduced rate for the life of the loan. Fee discounts on linked savings account for life of loan.

Embed

FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $150k to $99,999,999.

What's the minimum deposit needed for this loan?

This loan option comes with a maximum loan-to-value ratio of 79.99 percent, which means it requires a minimum deposit of 20.01 percent

What's the maximum length for this loan?

Northern Inland Credit Union allows you to have this loan for a range of 0 to 30 years.

How often can you make repayments?

Northern Inland Credit Union allows you to make repayments to this loan option through one of the following repayment schedules: fortnightly, monthly, weekly.

How much will the upfront fees be for this loan?

While it could change based on your circumstances, RateCity estimates that this loan option comes with $930 worth of upfront fees.

Does this loan come with a redraw facility?

Yes, this loan comes with a redraw, charged at $0 if you need to use it.

Where can you apply for this loan?

Northern Inland Credit Union makes it possible to apply for this product online. Apply here.