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- Southern Cross Credit Union
- Premium Home Loan Fixed (Principal and Interest) 3 Years (LVR < 80%)
Premium Home Loan (Owner Occupied)
- Owner Occupied
- Fixed 3 years
- 20% min deposit
- P&I
Interest rate p.a.
6.29%
Comparison rate* p.a.
6.30%
Premium Home Loan (Owner Occupied)
- Owner Occupied
- Fixed 3 years
- 20% min deposit
- P&I
Interest rate p.a.
6.29%
Comparison rate* p.a.
6.30%
Calculate your repayments for this loan
Your estimated repayment
$3,092
based on 500000 loan amount for 25 years at 6.29%
Monthly Repayment
$3,092
Total interest
$607,722
Total payments
$1,106,653
Start date
05-2024
End date
05-2049
Pros and Cons
For Premium Home Loan (Owner Occupied)
Benefits
- Interest rates ranked in the best 20%
- No ongoing fees
- 100% full offset account
- Split account option
Drawbacks
- Limited extra repayments
- No redraw facility
- Loan reverts to higher rate after fixed period
- Higher than average upfront fee
- Discharge fee at end of loan
- No repayment holidays
Southern Cross Credit Union Fixed - 3 years Rate Home Loan overview
For Premium Home Loan Fixed (Principal and Interest) 3 Years (LVR < 80%)
Details
Maximum LVR
80%
Total repayments
$1,106,653
Interest rate type
Fixed - 3 years
Borrowing range
$250k - $100m
Suitable for
Owner Occupiers
Loan term range
1 - 30 years
Repayment type
Principal and Interest
Applicable states
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Repayment options
Fortnightly, Monthly, Weekly
Target Market Determination
Visit Southern Cross Credit Union to view Target Market Determination.
Features
Extra repayments
Allowed with restrictions
Redraw facility
Offset account
Split interest facility
Loan portability
Repayment holiday available
Allow guarantors
Available for first home buyers
Other benefits
Fees
Total estimated upfront fees
$730
Application fee
$0
Legal fee
$430
Valuation fee
$300
Settlement fee
$0
Other upfront fee
$0
Ongoing fee
$0
Discharge fee
$450