Southern Cross Credit Union home loan repayment calculator

Thinking about taking out a home loan with Southern Cross Credit Union? Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how Southern Cross Credit Union home loans compare with other options.

I am an

With a repayment type

Borrow amount

$

Deposit amount %

Loan term

Your estimated repayments

at interest rate 2.78 %

Total interest payable

$0

Total amount payable

$0

Pros and cons

  • Discounted rates available.
  • Flexible repayment features.
  • Moderate to low rates.
  • Loans require large deposits.
  • Limited local branch access.

Southern Cross Credit Union home loans rates

Product
Advertised Rate
Total estimated upfront fees
Comparison Rate*
Ongoing fee
Go to site
Company

2.78%

Variable

$1124

2.83%

$0
Southern Cross Credit Union
More details

1.99%

Fixed - 4 years

$1429

2.91%

$0
Southern Cross Credit Union
More details

2.79%

Fixed - 5 years

$1429

2.91%

$0
Southern Cross Credit Union
More details

2.29%

Fixed - 3 years

$1429

3.08%

$0
Southern Cross Credit Union
More details

3.03%

Variable

$1124

3.08%

$0
Southern Cross Credit Union
More details

3.08%

Variable

$1124

3.13%

$0
Southern Cross Credit Union
More details

2.29%

Fixed - 2 years

$1429

3.16%

$0
Southern Cross Credit Union
More details

3.18%

Variable

$425

3.19%

$0
Southern Cross Credit Union
More details

2.39%

Fixed - 1 year

$1429

3.25%

$0
Southern Cross Credit Union
More details

3.28%

Variable

$1429

3.33%

$0
Southern Cross Credit Union
More details

3.33%

Variable

$1124

3.38%

$0
Southern Cross Credit Union
More details

3.38%

Variable

$425

3.39%

$0
Southern Cross Credit Union
More details

2.69%

Fixed - 3 years

$1429

3.44%

$0
Southern Cross Credit Union
More details

3.43%

Variable

$425

3.48%

$0
Southern Cross Credit Union
More details

3.19%

Fixed - 5 years

$1429

3.49%

$0
Southern Cross Credit Union
More details

3.48%

Variable

$425

3.49%

$0
Southern Cross Credit Union
More details

2.69%

Fixed - 2 years

$1429

3.51%

$0
Southern Cross Credit Union
More details

3.19%

Fixed - 4 years

$1429

3.53%

$0
Southern Cross Credit Union
More details

2.79%

Fixed - 1 year

$1429

3.61%

$0
Southern Cross Credit Union
More details

3.63%

Variable

$425

3.68%

$0
Southern Cross Credit Union
More details

3.68%

Variable

$425

3.69%

$0
Southern Cross Credit Union
More details

3.68%

Variable

$1429

3.69%

$0
Southern Cross Credit Union
More details

2.89%

Fixed - 3 years

$1429

3.71%

$0
Southern Cross Credit Union
More details

3.39%

Fixed - 5 years

$1429

3.75%

$0
Southern Cross Credit Union
More details

3.73%

Variable

$425

3.78%

$0
Southern Cross Credit Union
More details

2.89%

Fixed - 2 years

$1429

3.79%

$0
Southern Cross Credit Union
More details

3.39%

Fixed - 4 years

$1429

3.79%

$0
Southern Cross Credit Union
More details

2.99%

Fixed - 1 year

$1429

3.90%

$0
Southern Cross Credit Union
More details

3.93%

Variable

$425

3.98%

$0
Southern Cross Credit Union
More details

3.98%

Variable

$1429

3.99%

$0
Southern Cross Credit Union
More details

Southern Cross Credit Union customer service

Home loan customers can contact the Southern Cross Credit Union through a number of channels. These include a general customer phone line, an online enquiry form or via email. Customers can also meet with Southern Cross staff in person at one of their local NSW branches.

  • Customer service centre (phone)
  • Mobile app
  • Online banking
  • Email
  • Branch

How to Apply

Southern Cross Credit Union gives potential customers a number of options when applying for a home loan. These include contacting a SCCU home loan specialist by phone, email or in person at one of their local branches. Customers can also start their application via an online form on the Southern Cross Credit Union website and emailing it to a lending specialist. Before applying for a home loan it is advisable to think about how much money you could conceivably borrow given your financial situation and income. You will also need to provide documentation when applying for a home loan. This will include:

  • Personal identification material.
  • Details and type of employment.
  • Proof of incomes, including assets, rent and other earning.
  • Details regarding current debts, expenses, loans and liabilities.
  • Personal insurance documents.

Learn more about Southern Cross Credit Union

What is a construction loan?

A construction loan is loan taken out for the purpose of building or substantially renovating a residential property. Under this type of loan, the funds are released in stages when certain milestones in the construction process are reached. Once the building is complete, the loan will revert to a standard principal and interest mortgage.

Mortgage Calculator, Loan Amount

How much you intend to borrow. 

What is a valuation and valuation fee?

A valuation is an assessment of what your home is worth, calculated by a professional valuer. A valuation report is typically required whenever a property is bought, sold or refinanced. The valuation fee is paid to cover the cost of preparing a valuation report.

Mortgage Calculator, Repayments

The money you pay back to your lender at regular intervals. 

What is a building in course of erection loan?

Also known as a construction home loan, a building in course of erection (BICOE) loan loan allows you to draw down funds as a building project advances in order to pay the builders. This option is available on selected variable rate loans.

Monthly Repayment

Your current monthly home loan repayment. To accurately calculate how much you could save, an accurate payment figure is required. If you are not certain, check your bank statement.

How much are repayments on a $250K mortgage?

The exact repayment amount for a $250,000 mortgage will be determined by several factors including your deposit size, interest rate and the type of loan. It is best to use a mortgage calculator to determine your actual repayment size.

For example, the monthly repayments on a $250,000 loan with a 5 per cent interest rate over 30 years will be $1342. For a loan of $300,000 on the same rate and loan term, the monthly repayments will be $1610 and for a $500,000 loan, the monthly repayments will be $2684.

What is a redraw fee?

Redraw fees are charged by your lender when you want to take money you have already paid into your mortgage back out. Typically, banks will only allow you to take money out of your loan if you have a redraw facility attached to your loan, and the money you are taking out is part of any additional repayments you’ve made. The average redraw fee is around $19 however there are plenty of lenders who include a number of fee-free redraws a year. Tip: Negative-gearers beware – any money redrawn is often treated as new borrowing for tax purposes, so there may be limits on how you can use it if you want to maximise your tax deduction.

Savings over

Select a number of years to see how much money you can save with different home loans over time.

e.g. To see how much you could save in two years by switching mortgages,  set the slider to 2.

What do mortgage brokers do?

Mortgage brokers are finance professionals who help borrowers organise home loans with lenders. As such, they act as middlemen between borrowers and lenders.

While bank staff recommend home loan products only from their own employer, brokers are independent, so they can recommend products from a range of institutions.

Brokers need to be accredited with a particular lender to be able to work with that lender. A typical broker will be accredited with anywhere from 10 to 30 lenders – the big four banks, as well as a range of smaller banks, credit unions and non-bank lenders.

As a general rule, brokers don’t charge consumers for their services; instead, they receive commissions from lenders whenever they place a borrower with that institution.

Mortgage Calculator, Property Value

An estimate of how much your desired property is worth. 

Why should you trust Real Time Ratings?

Real Time Ratings™ was conceived by a team of data experts who have been analysing trends and behaviour in the home loan market for more than a decade. It was designed purely to meet the evolving needs of home loan customers who wish to merge low cost with flexible features quickly. We believe it fills a glaring gap in the market by frequently re-rating loan products based on the changes lenders make daily.

Real Time Ratings™ is a new idea and will change over time to match the frequently-evolving demands of the market. Some things won’t change though – it will always rate all relevent products in our database and will not be influenced by advertising.

If you have any feedback about Real Time Ratings™, please get in touch.

Why is it important to get the most up-to-date information?

The mortgage market changes constantly. Every week, new products get launched and existing products get tweaked. Yet many ratings and awards systems rank products annually or biannually.

We update our product data as soon as possible when lenders make changes, so if a bank hikes its interest rates or changes its product, the system will quickly re-evaluate it.

Nobody wants to read a weather forecast that is six months old, and the same is true for home loan comparisons.

How will Real Time Ratings help me find a new home loan?

The home loan market is complex. With almost 4,000 different loans on offer, it’s becoming increasingly difficult to work out which loans work for you.

That’s where Real Time RatingsTM can help. Our system automatically filters out loans that don’t fit your requirements and ranks the remaining loans based on your individual loan requirements and preferences.

Best of all, the ratings are calculated in real time so you know you’re getting the most current information.

How personalised is my rating?

Real Time Ratings produces instant scores for loan products and updates them based what you tell us about what you’re looking for in a loan. In that sense, we believe the ratings are as close as you get to personalised; the more you tell us, the more we customise to ratings to your needs. Some borrowers value flexibility, while others want the lowest cost loan. Your preferences will be reflected in the rating. 

We also take a shorter term, more realistic view of how long borrowers hold onto their loan, which gives you a better idea about the true borrowing costs. We take your loan details and calculate how much each of the relevent loans would cost you on average each month over the next five years. We assess the overall flexibility of each loan and give you an easy indication of which ones are likely to adjust to your needs over time.