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My Life Fixed Rate Package 3 Years

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Customise your mortgage repayments by entering your details:

I want to borrow

Loan Term

years

Repayment Frequency

Pros and Cons

Pros:
  • Extra low interest rate for refinancers
  • Suitable for low deposits
  • Parents can sign as guarantor
  • Extra repayments + redraw services
Cons:
  • Limited extra repayments
  • Annual fee charged
  • Discharge fee at end of loan
  • Repayments won't decrease if RBA cuts rates

Fees and Features

Maximum LVR
Maximum LVR
95%
Interest rate structure
Interest rate structure
Fixed - 3 years
Borrowing range
Borrowing range
$150k - $100m
Total repayments
Total repayments
$421,920
Principal & interest
Principal & interest
Interest only
Interest only
Loan term
Loan term
1 - 30 years
Offset account
Offset account
Extra repayments
Extra repayments
Allowed with restrictions
Redraw facility
Redraw facility
Redraw fee: $0
Allows split interest
Allows split interest
Suitable For
Suitable ForOwner Occupiers
Applicable States
Applicable StatesACT, NSW, NT, QLD, SA, TAS, VIC, WA
Make Repayments
Make RepaymentsFortnightly, Monthly, Weekly
Estimated upfront fees
Estimated upfront fees
$704.00
Application fee
Application fee
$495
Settlement fee
Settlement fee
$0
Valuation fee
Valuation fee
$209
Legal fee
Legal fee
$0
Ongoing fee
Ongoing fee
$350 annually
Discharge fee
Discharge fee
$180
Property Type
Property Type
SMSF Trustee
SMSF Trustee
Minimum SMSF Amount
Minimum SMSF Amount
Maximum LVR
Maximum LVR
95%
Interest rate structure
Interest rate structure
Fixed - 3 years
Borrowing range
Borrowing range
$150k - $100m
Total repayments
Total repayments
$421,920
Principal & interest
Principal & interest
Interest only
Interest only
Loan term
Loan term
1 - 30 years
Offset account
Offset account
Extra repayments
Extra repayments
Allowed with restrictions
Redraw facility
Redraw facility
Redraw fee: $0
Allows split interest
Allows split interest
Suitable For
Suitable ForOwner Occupiers
Applicable States
Applicable StatesACT, NSW, NT, QLD, SA, TAS, VIC, WA
Make Repayments
Make RepaymentsFortnightly, Monthly, Weekly
Estimated upfront fees
Estimated upfront fees
$704.00
Application fee
Application fee
$495
Settlement fee
Settlement fee
$0
Valuation fee
Valuation fee
$209
Legal fee
Legal fee
$0
Ongoing fee
Ongoing fee
$350 annually
Discharge fee
Discharge fee
$180
Property Type
Property Type
SMSF Trustee
SMSF Trustee
Minimum SMSF Amount
Minimum SMSF Amount
Other Benefits
No annual fee on SCU credit card, no application fees on personal and car loans, free first appointment with financial planner, discounts on home & contents insurance.

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Loan Profile
Advertised rate
Advertised rate
3.85%
Fixed - 3 years
Advertised rate
3.94%
Fixed - 3 years
Advertised rate
3.85%
Fixed - 3 years
Advertised rate
3.74%
Fixed - 3 years
Comparison rate*
Comparison rate*
4.18%
Comparison rate*
4.85%
Comparison rate*
4.94%
Comparison rate*
4.01%
Monthly repayment
Monthly repayment
$1,172
Monthly repayment
$1,185
Monthly repayment
$1,172
Monthly repayment
$1,156
Total repayments
Total repayments
$421,920
Total repayments
$426,600
Total repayments
$421,920
Total repayments
$416,160
Minimum deposit %
Minimum deposit %
5%
Minimum deposit %
5%
Minimum deposit %
5%
Minimum deposit %
20%
Loan Fees
Estimated upfront fees
Estimated upfront fees
$150.00
Estimated upfront fees
$0
Estimated upfront fees
$150.00
Estimated upfront fees
$0
Settlement fee
Settlement fee
$150
Settlement fee
$0
Settlement fee
$150
Settlement fee
$0
Discharge fee
Discharge fee
$250
Discharge fee
$250
Discharge fee
$250
Discharge fee
$0
Ongoing fee
Ongoing fee
$350 annually
Ongoing fee
$0
Ongoing fee
$8 monthly
Ongoing fee
$0
Repayments Redraws
Offset account
Offset account
Partial offset account
Offset account
Offset account
Offset account
Redraw facility
Redraw facility
Redraw fee: $0
Redraw facility
Redraw facility
Redraw fee: $20
Redraw facility
Extra repayments
Extra repayments
Unlimited extra repayments
Extra repayments
Unlimited extra repayments
Extra repayments
Unlimited extra repayments
Extra repayments
Not Allowed
Interest Rate Options
Allows split interest
Allows split interest
Allows split interest
Allows split interest
Allows split interest
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In 1963, Sydney Credit Union (SCU) was formed as an alternative to banks for City of Sydney council members. It quickly expanded to offer services to 12 other councils, then in later years merged with several other credit unions.

With its head office in Blacktown, SCU has 17 branches, mostly in Sydney’s western suburbs.

SCU is owned by its members, so profits go back into the business and are passed onto members through lower fees and rates.

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