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- Southern Cross Credit Union
- Standard (Owner Occupied) Home Loan
Standard (Owner Occupied) Home Loan
- Owner Occupied
- Fixed 5 years
- 5% min deposit
- P&I
Interest rate p.a.
6.59%
Comparison rate* p.a.
7.00%
Standard (Owner Occupied) Home Loan
- Owner Occupied
- Fixed 5 years
- 5% min deposit
- P&I
Interest rate p.a.
6.59%
Comparison rate* p.a.
7.00%
Southern Cross Credit Union Fixed - 5 years Rate Home Loan overview
For Standard Home Loan Fixed 5 Years
Principal & Interest (P&I)
Loan type
Loan to value ratio
Interest rate
Comparison rate
Interest only
Loan type
Loan to value ratio
Interest rate
Comparison rate
Details
Maximum LVR
95%
Total repayments
Interest rate type
Fixed - 5 years
Borrowing range
$10k - $250k
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
Other Restrictions
$10 redraw fee (online)
Pros and Cons
For Standard (Owner Occupied) Home Loan
Benefits
- Interest rates ranked in the best 20%
- No ongoing fees
- 100% full offset account
- Suitable for low deposits
- Parents can sign as guarantor
- 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
