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- Transport Mutual Credit Union
- Home Equity Loan
Home Equity Variable Home Loan
- Owner Occupied
- Variable
- 20% min deposit
- P&I
Interest rate p.a.
9.19%
Comparison rate* p.a.
9.29%
Home Equity Variable Home Loan
- Owner Occupied
- Variable
- 20% min deposit
- P&I
Interest rate p.a.
9.19%
Comparison rate* p.a.
9.29%
Calculate your repayments for this loan
$
Your estimated repayment
$4,092
based on 500000 loan amount for 25 years at 9.19%
Monthly Repayment
$4,092
Total interest
$972,996
Total payments
$1,472,996
Start date
05-2024
End date
05-2049
$1,472,996
025 years
Principal owed
Total repayments owed
Interest owed
Pros and Cons
For Home Equity Variable Home Loan
Benefits
- No ongoing fees
- Extra repayments and redraw facility
- Free redraw facility
Drawbacks
- No offset account
- Higher than average interest rate
- Higher than average upfront fee
Transport Mutual Credit Union Variable Rate Home Loan overview
For Home Equity Loan
Details
Maximum LVR
80%
Total repayments
$1,472,996
Interest rate type
Variable
Borrowing range
$10k - $5m
Suitable for
Line of Credit, 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 Transport Mutual Credit Union Limited to view Target Market Determination.
Features
Extra repayments
Unlimited
Redraw facility
Redraw fee: $0
Offset account
Split interest facility
Loan portability
Repayment holiday available
Allow guarantors
Available for first home buyers
Other benefits
Fees
Total estimated upfront fees
$755
Application fee
$395
Legal fee
$360
Valuation fee
$0
Settlement fee
$0
Other upfront fee
$0
Ongoing fee
$0
Discharge fee
$0
