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My Life Home Loan Fixed 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
  • No ongoing fees
  • Suitable for low deposits
  • Parents can sign as guarantor
Cons:
  • Limited extra repayments
  • Discharge fee at end of loan
  • Repayments won't decrease if RBA cuts rates
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Fees and Features

Maximum LVR
Maximum LVR
95%
Interest rate structure
Interest rate structure
Fixed - 3 years
Borrowing range
Borrowing range
$25k - $1.5m
Total repayments
Total repayments
$383,100
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
$695.00
Application fee
Application fee
$200
Settlement fee
Settlement fee
$0
Valuation fee
Valuation fee
$209
Legal fee
Legal fee
$286
Ongoing fee
Ongoing fee
$0
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
$25k - $1.5m
Total repayments
Total repayments
$383,100
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
$695.00
Application fee
Application fee
$200
Settlement fee
Settlement fee
$0
Valuation fee
Valuation fee
$209
Legal fee
Legal fee
$286
Ongoing fee
Ongoing fee
$0
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 (optional), no approval fees on personal and car loans, free first appointment with financial planner

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.

FAQs

A 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. A split loan is a good option for someone who wants the peace of mind that regular repayments can provide but still wants to retain some of the additional features variable loans typically provide such as an offset account. Of course, with most things in life, split loans are still a trade-off. If the variable rate goes down, for example, the lower interest rates will only apply to the section that you didn’t fix.

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