- Home
- Home Loans
- Warwick Credit Union
- Essential Loan
Essential Loan
- Owner Occupied
- Variable
- 20% min deposit
- P&I
Interest rate p.a.
6.39%
Comparison rate* p.a.
6.54%
Essential Loan
- Owner Occupied
- Variable
- 20% min deposit
- P&I
Interest rate p.a.
6.39%
Comparison rate* p.a.
6.54%
Warwick Credit Union Variable Rate Home Loan overview
For Essential Plus Variable Home Loan (Principal and Interest)
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
80%
Total repayments
Interest rate type
Variable
Borrowing range
$150k - $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 Warwick Credit Union to view Target Market Determination.
Features
Extra repayments
Unlimited
Redraw facility
Redraw fee: $20
Offset account
Split interest facility
Loan portability
Repayment holiday available
Allow guarantors
Available for first home buyers
Other benefits
Fees
Total estimated upfront fees
$600
Application fee
$600
Legal fee
$0
Valuation fee
$0
Settlement fee
$0
Other upfront fee
$0
Ongoing fee
$10
Discharge fee
$0
Pros and Cons
For Essential Loan
Benefits
- Interest rates ranked in the best 20%
- Redraw facility available
- Extra repayments and redraw facility
Drawbacks
- No offset account
- Ongoing fee
- Higher than average upfront fee
- No repayment holidays
