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Advertised RateThis is the interest rate published by the lender.
4.79%
Variable
Comparison Rate*WARNING: The comparison rate* applies only to the example given. Different amounts and terms will result in different comparison rates*. Costs such as redraw fees or early repayment fees and cost savings such as fee waivers are not included in the comparison rate but may influence the cost of the loan.
4.71%
Maximum LVRA loan-to-value ratio (otherwise known as a Loan to Valuation Ratio or LVR), is a calculation lenders make to work out the value of your loan versus the value of your property, expressed as a percentage.
80%
Real Time Rating™Real Time Ratings™ is a personalised home loan ranking calculated for you. Ratings are only one factor to be taken into account when deciding whether to take up a credit product.
1.97 / 5
This rating shows the balance between the cost of your loan and the flexibility features, rated between 0 (bad) and 5 (good).
+
Average Monthly Cost$1.2kCalculated over 5 years, includes interest and fees.
=
Flexibility ScoreOut of 5, based on features such as offset account and redraw facility.
Overall RatingOut of 5.
Monthly RepaymentInitial monthly repayment excludes fees and is an estimate based on advertised rate, loan amount of $30,000 and a loan term of 5 years. Actual repayments may vary based on your individual circumstances and interest rate changes.
$1,717
Pros and Cons
Pros
No ongoing fees
100% full offset account
Extra repayments + redraw services
Comes with a credit card
Cons
Discharge fee at end of loan
Repayments may increase if RBA raises rates
Orange Credit Union Fees and Features
Maximum LVRA loan-to-value ratio (otherwise known as a Loan to Valuation Ratio or LVR), is a calculation lenders make to work out the value of your loan versus the value of your property, expressed as a percentage.
80%
Interest rate structureA variable rate can fluctuate over the life of a loan as determined by your lender. A fixed rate is one which is set for a period of time, regardless of market fluctuations.
Principal & interestThe principal part of the loan is the initial sum lent to the customer and the interest is the money paid on top of this, at the agreed interest rate, until the end of the loan.
Interest onlyAn "interest-only" loan is a loan where the borrower is only required to pay back the interest on the loan.
Loan term range
1 - 30 years
Offset accountAn offset account functions as a transaction account that is linked to your home loan. The balance of this account is offset daily against the loan amount and reduces the amount of principal that you pay interest on.
100% offset account
Extra repayments
Unlimited extra repayments
Redraw facilityA redraw facility attached to your loan allows you to borrow back any additional repayments that you have already paid on your loan.
Redraw fee: $0
Allows split interestA split loan lets you fix a portion of your loan, and leave the remainder on a variable rate so you get a bet each way on fixed and variable rates.
Suitable For
Owner Occupiers
Applicable States
NSW
Make RepaymentsWork out your mortgage repayments using a home loan calculator that takes into account your deposit size, property value and interest rate.
Fortnightly, Monthly, Weekly
Estimated upfront feesAn ‘upfront’ or ‘application’ fee is a one-off expense you are charged by your bank when you take out a loan.
$775
Application feeAn ‘upfront’ or ‘application’ fee is a one-off expense you are charged by your bank when you take out a loan.
$775
Settlement fee
$0
Valuation fee
$0
Legal fee
$0
Ongoing feeOn-going fees are any regular payments charged by your lender in addition to the interest they apply including annual fees, monthly account keeping fees and offset fees.
$0
Discharge feeThe Federal Government banned exit fees in 2011, removing one of the biggest barriers to taking switching home loan providers. Lenders can still legally charge a discharge fee.
$200
Property Type
SMSF Trustee
Minimum SMSF Amount
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