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Summerland Credit Union

Fixed rate

Interest Rate

4.99

% p.a

Fixed - 3 years

Comparison Rate*

4.16

% p.a

Maximum LVR
90%
Real Time Rating™

1.33

/ 5
Monthly Repayment

$1,752

based on $300,000 loan amount for 25 years at 4.99%

Interest Rate

4.99

% p.a

Fixed - 3 years

Comparison Rate*

4.16

% p.a

Maximum LVR
90%
Real Time Rating™

1.33

/ 5
Monthly Repayment

$1,752

based on $300,000 loan amount for 25 years at 4.99%

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,752

based on $300,000 loan amount for 25 years at 4.99%

Quick home loan review

For Fixed Rate Home Loan 3 Years

These are the benefits of this home loan.

    These are the drawbacks of this home loan.

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

    Home loan overview

    For Fixed Rate Home Loan 3 Years

    TMD

    Details

    Maximum LVR

    90%

    Total Repayments

    Next LVR

    Interest rate type

    Fixed - 3 years

    Borrowing range

    Suitable for

    Owner Occupiers

    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

    Yes - limited to $10000

    Redraw facility

    Split interest facility

    Loan portable

    Repayment holiday available

    Allow guarantors

    Available for first home buyers

    Fees

    Total estimated upfront fees

    800

    Application fee

    800

    Valuation fee

    $0

    Settlement fee

    0

    Other upfront fee

    0

    Ongoing fee

    $8 monthly

    Discharge fee

    250

    Application method

    Online

    Phone

    Broker

    In branch

    Available
    Not available
    Data not captured

    Target Market Determination

    Visit Summerland Credit Union to view Target Market Determination.

    Other Benefits

    Negotiation of rate for LVR > 90%

    Embed

    FAQs

    What is the minimum amount you can apply for?

    The range you can borrow from this loan is $30k 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 90 percent, which means it requires a minimum deposit of 10 percent

    What's the maximum length for this loan?

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

    How often can you make repayments?

    Summerland 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 $800 worth of upfront fees.

    Does this loan come with a redraw facility?

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

    How do you apply for this loan?

    To apply for this loan, please contact Summerland Credit Union.