Platinum Professional Investment Loan
- Last updated on 06 Apr 2020
based on $300,000 loan amount for 25 years
- 100% full offset account
- Parents can sign as guarantor
- Extra repayments + redraw services
- Free redraw facility
- Annual fee charged
- Discharge fee at end of loan
- Repayments may increase if RBA raises rates
Interest rate structure
$750k - $100m
Principal & interest
Loan term range
1 - 30 years
100% offset account
Unlimited extra repayments
Redraw fee: $0
Allows split interest
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Estimated upfront fees
Minimum SMSF Amount
Compare and review home loans with similar features
Southern Cross Credit Union, or SCCU, is a customer-owned credit union that was formed in 1966 in the Tweed Valley of NSW. Formerly known as the Tweed Byron Credit Union, it was renamed the Southern Cross Credit Union in 1997.
The credit union is based in Murwillumbah and has a network of branches throughout northern NSW. It provides financial services and products, such as personal and business loans, home loans, insurance, credit cards, savings account as well as financial planning and advice.
Southern Cross Credit Union Home Loan Calculator
Interested in an Southern Cross home loan? RateCity has a suite of calculators that can show you what your repayments would be and how Southern Cross compares to its competitors. Simply plug in your borrowing amount below.
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.
Equity refers to the difference between what your property is worth and how much you owe on it. Essentially, it is the amount you have repaid on your home loan to date, although if your property has gone up in value it can sometimes be a lot more.
You can use the equity in your home loan to finance renovations on your existing property or as a deposit on an investment property. It can also be accessed for other investment opportunities or smaller purchases, such as a car or holiday, using a redraw facility.
Once you are over 65 you can even use the equity in your home loan as a source of income by taking out a reverse mortgage. This will let you access the equity in your loan in the form of regular payments which will be paid back to the bank following your death by selling your property. But like all financial products, it’s best to seek professional advice before you sign on the dotted line.