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Southern Cross Credit Union

Premium Home Loan (Investment)

Advertised Rate

3.09

% p.a

Fixed - 4 years

Comparison Rate*

3.54

% p.a

Maximum LVR
95%
Real Time Rating™

0.95

/ 5
Monthly Repayment

$1,676

based on $350,000 loan amount for 25 years at 3.09%

Advertised Rate

3.09

% p.a

Fixed - 4 years

Comparison Rate*

3.54

% p.a

Maximum LVR
95%
Real Time Rating™

0.95

/ 5
Monthly Repayment

$1,676

based on $350,000 loan amount for 25 years at 3.09%

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,676

based on $350,000 loan amount for 25 years at 3.09%

Quick home loan review

For Premium Investment Loan Fixed 4 year (Interest Only)

These are the benefits of this home loan.

  • No ongoing fees
  • Suitable for low deposits
  • Split account option

These are the drawbacks of this home loan.

  • No extra repayments
  • No redraw and no offset
  • Higher than average interest rate
  • Loan reverts to higher rate after fixed period
  • Higher than average upfront fee
  • Discharge fee at end of loan
  • No repayment holidays

Home loan overview

For Premium Investment Loan Fixed 4 year (Interest Only)

Details

Maximum LVR

95%

Total Repayments

Next LVR

Interest rate type

Fixed - 4 years

Borrowing range

Suitable for

Investors

Loan term range

1 - 30 years

Principal & interest

Interest only

Applicable states

ACT, NSW, NT, QLD, SA, TAS, VIC, WA

Make repayments

Fortnightly, Monthly, Weekly

Features

Extra repayments

Not Allowed

Redraw facility

Split interest facility

Loan portable

Repayment holiday available

Allow guarantors

Available for first home buyers

Fees

Total estimated upfront fees

$1429

Application fee

$699

Valuation fee

$300

Settlement fee

$0

Other upfront fee

$0

Ongoing fee

$0

Discharge fee

$300

Application method

Online

Phone

Broker

In branch

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FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $250k to $99,999,999.

What's the minimum deposit needed for this loan?

This loan option comes with a maximum loan-to-value ratio of 95 percent, which means it requires a minimum deposit of 5 percent

What's the maximum length for this loan?

Southern Cross Credit Union allows you to have this loan for a range of 1 to 30 years.

How often can you make repayments?

Southern Cross Credit Union allows you to make repayments to this loan option through one of the following repayment schedules: fortnightly, monthly, weekly.

How much will the upfront fees be for this loan?

While it could change based on your circumstances, RateCity estimates that this loan option comes with $1,429 worth of upfront fees.

Does this loan come with a redraw facility?

No, this loan doesn't come with a redraw facility.

Where can you apply for this loan?

Southern Cross Credit Union makes it possible to apply for this product online. Apply here.