WAW Credit Union home loan repayment calculator

Thinking about taking out a home loan with WAW Credit Union? Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how WAW Credit Union home loans compare with other options.

I am an

With a repayment type

Borrow amount

$

Deposit amount %

Loan term

Your estimated mortgage repayments

at interest rate 3.14%

Total interest payable

$0

Total loan repayments

$0

WAW Credit Union home loans rates

Advertised Rate

3.14%

Variable

Total estimated upfront fees
$600
Comparison Rate*

3.18%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.19%

Variable

Total estimated upfront fees
$600
Comparison Rate*

3.23%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.29%

Variable

Total estimated upfront fees
$600
Comparison Rate*

3.33%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.29%

Variable

Total estimated upfront fees
$600
Comparison Rate*

3.33%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.34%

Variable

Total estimated upfront fees
$600
Comparison Rate*

3.38%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.39%

Variable

Total estimated upfront fees
$600
Comparison Rate*

3.43%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.44%

Variable

Total estimated upfront fees
$600
Comparison Rate*

3.48%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.44%

Variable

Total estimated upfront fees
$600
Comparison Rate*

3.48%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.54%

Variable

Total estimated upfront fees
$600
Comparison Rate*

3.58%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.54%

Variable

Total estimated upfront fees
$600
Comparison Rate*

3.58%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.59%

Variable

Total estimated upfront fees
$600
Comparison Rate*

3.63%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.69%

Variable

Total estimated upfront fees
$600
Comparison Rate*

3.73%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.25%

Fixed - 3 years

Total estimated upfront fees
$600
Comparison Rate*

3.99%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.50%

Fixed - 4 years

Total estimated upfront fees
$600
Comparison Rate*

4.00%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.90%

Fixed - 2 years

Total estimated upfront fees
$600
Comparison Rate*

4.01%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.30%

Fixed - 3 years

Total estimated upfront fees
$600
Comparison Rate*

4.04%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.95%

Fixed - 2 years

Total estimated upfront fees
$600
Comparison Rate*

4.05%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.55%

Fixed - 4 years

Total estimated upfront fees
$600
Comparison Rate*

4.05%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.75%

Fixed - 5 years

Total estimated upfront fees
$600
Comparison Rate*

4.06%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.60%

Fixed - 1 year

Total estimated upfront fees
$600
Comparison Rate*

4.09%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.80%

Fixed - 5 years

Total estimated upfront fees
$600
Comparison Rate*

4.11%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.40%

Fixed - 3 years

Total estimated upfront fees
$600
Comparison Rate*

4.14%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.40%

Fixed - 3 years

Total estimated upfront fees
$600
Comparison Rate*

4.14%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.05%

Fixed - 2 years

Total estimated upfront fees
$600
Comparison Rate*

4.15%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.05%

Fixed - 2 years

Total estimated upfront fees
$600
Comparison Rate*

4.15%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.65%

Fixed - 4 years

Total estimated upfront fees
$600
Comparison Rate*

4.15%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.65%

Fixed - 4 years

Total estimated upfront fees
$600
Comparison Rate*

4.15%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.45%

Fixed - 3 years

Total estimated upfront fees
$600
Comparison Rate*

4.19%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.10%

Fixed - 2 years

Total estimated upfront fees
$600
Comparison Rate*

4.20%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.70%

Fixed - 4 years

Total estimated upfront fees
$600
Comparison Rate*

4.20%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.90%

Fixed - 5 years

Total estimated upfront fees
$600
Comparison Rate*

4.20%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.90%

Fixed - 5 years

Total estimated upfront fees
$600
Comparison Rate*

4.20%

Ongoing fee
$0
Go to site
More details
Advertised Rate

4.19%

Variable

Total estimated upfront fees
$600
Comparison Rate*

4.23%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.75%

Fixed - 1 year

Total estimated upfront fees
$600
Comparison Rate*

4.24%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.75%

Fixed - 1 year

Total estimated upfront fees
$600
Comparison Rate*

4.24%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.95%

Fixed - 1 year

Total estimated upfront fees
$600
Comparison Rate*

4.24%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.95%

Fixed - 5 years

Total estimated upfront fees
$600
Comparison Rate*

4.25%

Ongoing fee
$0
Go to site
More details
Advertised Rate

4.24%

Variable

Total estimated upfront fees
$600
Comparison Rate*

4.28%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.80%

Fixed - 1 year

Total estimated upfront fees
$600
Comparison Rate*

4.29%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.55%

Fixed - 3 years

Total estimated upfront fees
$600
Comparison Rate*

4.29%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.20%

Fixed - 2 years

Total estimated upfront fees
$600
Comparison Rate*

4.30%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.80%

Fixed - 4 years

Total estimated upfront fees
$600
Comparison Rate*

4.30%

Ongoing fee
$0
Go to site
More details
Advertised Rate

4.05%

Fixed - 5 years

Total estimated upfront fees
$600
Comparison Rate*

4.35%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.90%

Fixed - 1 year

Total estimated upfront fees
$600
Comparison Rate*

4.38%

Ongoing fee
$0
Go to site
More details
Advertised Rate

4.34%

Variable

Total estimated upfront fees
$600
Comparison Rate*

4.38%

Ongoing fee
$0
Go to site
More details
Advertised Rate

4.34%

Variable

Total estimated upfront fees
$600
Comparison Rate*

4.38%

Ongoing fee
$0
Go to site
More details
Advertised Rate

4.39%

Variable

Total estimated upfront fees
$600
Comparison Rate*

4.43%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.35%

Fixed - 3 years

Total estimated upfront fees
$600
Comparison Rate*

4.53%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.75%

Fixed - 4 years

Total estimated upfront fees
$600
Comparison Rate*

4.54%

Ongoing fee
$0
Go to site
More details
Advertised Rate

4.49%

Variable

Total estimated upfront fees
$600
Comparison Rate*

4.54%

Ongoing fee
$0
Go to site
More details
Advertised Rate

4.00%

Fixed - 5 years

Total estimated upfront fees
$600
Comparison Rate*

4.57%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.40%

Fixed - 3 years

Total estimated upfront fees
$600
Comparison Rate*

4.58%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.00%

Fixed - 2 years

Total estimated upfront fees
$600
Comparison Rate*

4.59%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.80%

Fixed - 4 years

Total estimated upfront fees
$600
Comparison Rate*

4.59%

Ongoing fee
$0
Go to site
More details
Advertised Rate

4.05%

Fixed - 5 years

Total estimated upfront fees
$600
Comparison Rate*

4.62%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.05%

Fixed - 2 years

Total estimated upfront fees
$600
Comparison Rate*

4.65%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.50%

Fixed - 3 years

Total estimated upfront fees
$600
Comparison Rate*

4.67%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.50%

Fixed - 3 years

Total estimated upfront fees
$600
Comparison Rate*

4.67%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.90%

Fixed - 4 years

Total estimated upfront fees
$600
Comparison Rate*

4.69%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.90%

Fixed - 4 years

Total estimated upfront fees
$600
Comparison Rate*

4.69%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.55%

Fixed - 3 years

Total estimated upfront fees
$600
Comparison Rate*

4.72%

Ongoing fee
$0
Go to site
More details
Advertised Rate

4.15%

Fixed - 5 years

Total estimated upfront fees
$600
Comparison Rate*

4.72%

Ongoing fee
$0
Go to site
More details
Advertised Rate

4.15%

Fixed - 5 years

Total estimated upfront fees
$600
Comparison Rate*

4.72%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.70%

Fixed - 1 year

Total estimated upfront fees
$600
Comparison Rate*

4.73%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.15%

Fixed - 2 years

Total estimated upfront fees
$600
Comparison Rate*

4.74%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.15%

Fixed - 2 years

Total estimated upfront fees
$600
Comparison Rate*

4.74%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.95%

Fixed - 4 years

Total estimated upfront fees
$600
Comparison Rate*

4.74%

Ongoing fee
$0
Go to site
More details
Advertised Rate

4.20%

Fixed - 5 years

Total estimated upfront fees
$600
Comparison Rate*

4.76%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.75%

Fixed - 1 year

Total estimated upfront fees
$600
Comparison Rate*

4.78%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.20%

Fixed - 2 years

Total estimated upfront fees
$600
Comparison Rate*

4.79%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.65%

Fixed - 3 years

Total estimated upfront fees
$600
Comparison Rate*

4.82%

Ongoing fee
$0
Go to site
More details
Advertised Rate

4.05%

Fixed - 4 years

Total estimated upfront fees
$600
Comparison Rate*

4.84%

Ongoing fee
$0
Go to site
More details
Advertised Rate

4.30%

Fixed - 5 years

Total estimated upfront fees
$600
Comparison Rate*

4.86%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.85%

Fixed - 1 year

Total estimated upfront fees
$600
Comparison Rate*

4.87%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.85%

Fixed - 1 year

Total estimated upfront fees
$600
Comparison Rate*

4.87%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.30%

Fixed - 2 years

Total estimated upfront fees
$600
Comparison Rate*

4.88%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.90%

Fixed - 1 year

Total estimated upfront fees
$600
Comparison Rate*

4.94%

Ongoing fee
$0
Go to site
More details
Advertised Rate

4.89%

Variable

Total estimated upfront fees
$600
Comparison Rate*

4.94%

Ongoing fee
$0
Go to site
More details
Advertised Rate

4.94%

Variable

Total estimated upfront fees
$600
Comparison Rate*

4.99%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.00%

Fixed - 1 year

Total estimated upfront fees
$600
Comparison Rate*

5.02%

Ongoing fee
$0
Go to site
More details
Advertised Rate

5.04%

Variable

Total estimated upfront fees
$600
Comparison Rate*

5.09%

Ongoing fee
$0
Go to site
More details
Advertised Rate

5.04%

Variable

Total estimated upfront fees
$600
Comparison Rate*

5.09%

Ongoing fee
$0
Go to site
More details
Advertised Rate

5.09%

Variable

Total estimated upfront fees
$600
Comparison Rate*

5.14%

Ongoing fee
$0
Go to site
More details
Advertised Rate

5.19%

Variable

Total estimated upfront fees
$600
Comparison Rate*

5.24%

Ongoing fee
$0
Go to site
More details

Learn more about home loans

Are bad credit home loans dangerous?

Bad credit home loans can be dangerous if the borrower signs up for a loan they’ll struggle to repay. This might occur if the borrower takes out a mortgage at the limit of their financial capacity, especially if they have some combination of a low income, an insecure job and poor savings habits.

Bad credit home loans can also be dangerous if the borrower buys a home in a stagnant or falling market – because if the home has to be sold, they might be left with ‘negative equity’ (where the home is worth less than the mortgage).

That said, bad credit home loans can work out well if the borrower is able to repay the mortgage – for example, if they borrow conservatively, have a decent income, a secure job and good savings habits. Another good sign is if the borrower buys a property in a market that is likely to rise over the long term.

How long does Bankwest take to approve home loans?

Full approval for a home loan usually involves a property valuation, which, Bankwest suggests, can take “a week or two”. As a result, getting your home loan approved may take longer. However, you may get full approval within this time if you applied for and received conditional approval, sometimes called a pre-approval, from Bankwest before finalising the home you want to buy.  

Another way of speeding up approvals can be by completing, signing, and submitting your home loan application digitally. Essentially, you give the bank or your mortgage broker a copy of your home’s sale contract and then complete the rest of the steps online. Bankwest has claimed this cuts the approval time to less than four days, although this may only happen if your income and credit history can be verified easily, or if your home’s valuation doesn’t take time.

How do you qualify for a CBA home loan with casual employment?

Qualifying for a home loan without a full-time job may be challenging, but it can be done. The first step is to understand how a CBA home loan is assessed when you have casual employment.

Most lenders will assess your expenses and savings while checking your loan eligibility, checking on factors crucial to home loan approval, such as if your bills are paid on time and what your credit score presently looks like. 

Your income can be one of the most critical factors to determine your final approved home loan amount. As such, you’ll need to provide payslip copies to lenders to assist them in assessing your income during the loan tenure, regardless of your employment status, full-time, part-time, or otherwise.

Casual employees will want to be casually employed for at least 12 months to be eligible for a home loan. Alternatively, you want to have worked as a permanent casual worker (working for a fixed number of hours per week) for at least one month, or you should have been in your current job for a minimum of three months (if the hours are irregular) to be eligible for the loan.

Remaining loan term

The length of time it will take to pay off your current home loan, based on the currently-entered mortgage balance, monthly repayment and interest rate.

How do I get a Suncorp home loan pre-approval?

Getting home loan pre-approval helps you work out a budget to help you search for a suitable property and make an offer with confidence. Once you put in an application, you should get your pre-approval outcome within two business days. To help get a fast turnaround time of your pre-approval application, ensure all the information and documentation that Suncorp requires. This includes proof of identification, recent payslips, bank account and credit card statements.

You can submit the home loan pre-approval application online. You’ll be asked for information about your income, expenses, assets, and debts. It should take you about 10 minutes to fill out the application, and you can do it free of charge. A Suncorp lending specialist will review your application and contact you within 24 hours or the next working day. Suncorp will not run a credit check until you have heard from this lending specialist.

Once you get Suncorp home loan pre-approval, it’s valid for 90 days. If you don’t find a property you wish to buy in this time you may be able to apply for an extension, speak to your Suncorp lending specialist about this.

Can I get a NAB home loan on casual employment?

While many lenders consider casual employees as high-risk borrowers because of their fluctuating incomes, there are a few specialist lenders, such as NAB, which may provide home loans to individuals employed on a casual basis. A NAB home loan for casual employment is essentially a low doc home loan specifically designed to help casually employed individuals who may be unable to provide standard financial documents. However, since such loans are deemed high risk compared to regular home loans, you could be charged higher rates and receive lower maximum LVRs (Loan to Value Ratio, which is the loan amount you can borrow against the value of the property).

While applying for a home loan as a casual employee, you will likely be asked to demonstrate that you've been working steadily and might need to provide group certificates for the last two years. It is at the lender’s discretion to pick either of the two group certificates and consider that to be your income. If you’ve not had the same job for several years, providing proof of income could be a bit of a challenge for you. In this scenario, some lenders may rely on your year to date (YTD) income, and instead calculate your yearly income from that.

Can I get a NAB first home loan?

The First Home Loan Deposit Scheme of NAB helps first home buyers purchase a property sooner by reducing the upfront costs required. This scheme is offered based on a Government-backed initiative, with10,000 available places announced in October 2020.

Suppose your application for the NAB first home buyer loan is successful. In that case, you’ll only need to pay a low deposit, between 5 and 20 per cent of the property value and won’t be asked to pay lender's mortgage insurance (LMI). You’ll also receive a limited guarantee from the Australian government to purchase the property.

If you’re applying for the NAB first home buyer home loan as an individual, you need to have earned less than $125,000 in the last financial year. Couples applying for the NAB first home loan need to have earned less than $200,000 to be eligible. To be considered a couple, you need to be married or in a de facto relationship. A parent and child, siblings or friends are not considered a couple when applying for a NAB first home loan.

The NAB First Home Loan Deposit Scheme is currently offered only to purchase a brand new property, rather than an established property.

Does Westpac offer loan maternity leave options?

Having a baby or planning for one can bring about a lot of changes in your life, including to the hip pocket. You may need to re-do the budget to make sure you can afford the upcoming expenses, especially if one partner is taking parental leave to look after the little one. 

Some families find it difficult to meet their home loan repayment obligations during this period. Flexible options, such as the Westpac home loan maternity leave offerings, have been put together to help reduce the pressure of repayments during parental leave.

Westpac offers a couple of choices, depending on your circumstances:

  • Parental Leave Mortgage Repayment Reduction: You could get your home loan repayments reduced for up to 12 months for home loans with a term longer than a year. 
  • Mortgage Repayment Pause: You can pause repayments while on maternity leave, provided you’ve made additional repayments earlier.

When applying for a home loan while pregnant, Westpac has said it will recognise paid maternity leave and back-to-work salaries. All you need is a letter from your employer verifying your return-to-work date and the nature of your employment. Your partner’s income, government entitlements, savings and investments will may help your application.

Why should I get an ING home loan pre-approval?

When you apply for an ING home loan pre-approval, you might be required to provide proof of employment and income, savings, as well as details on any on-going debts. The lender could also make a credit enquiry against your name. If you’re pre-approved, you will know how much money ING is willing to lend you. 

Please note, however, that a pre-approval is nothing more than an idea of your ability to borrow funds and is not the final approval. You should receive the home loan approval  only after finalising the property and submitting a formal loan application to the lender, ING. Additionally, a pre-approval does not stay valid indefinitely, since your financial circumstances and the home loan market could change overnight.

 

 

Does UBank offer home loan pre-approvals?

If you’re applying for a home loan with UBank, you can first get an approval in principle. You’ll need to provide information about your job and earnings, your household expenses, the assets you own and the debts you owe. 

UBank will assign a home loan specialist to discuss these details over a phone call, which can take about 30 minutes. 

The bank will then confirm if you’ve received in-principle approval for your home loan. Depending on how you submit your documents, this could take a few days or a few weeks. If successful, the approval will be valid for 60 days. 

What are the NAB term deposit interest rates for businesses?

If you’re looking to lock in a return on your business savings, one option is a business term deposit with NAB. The big four bank provides competitive interest rates while giving you the flexibility to choose the term. NAB offers business term deposit interest rates for investments of between $5,000 to $499,999.

NAB doesn’t charge any monthly account or application fees. The interest is calculated daily and for the 90-day term and six months term, you will get paid when the deposit matures. For the 12 months term, you can either choose to get paid monthly, quarterly, half-yearly or annually. 

If you wish to withdraw your funds before the deposit matures, you need to give NAB 31 days notice. However, they do make exceptions if you’re experiencing hardship and need the funds immediately. Either way, you may have to bear the prepayment cost, which you can learn more about in the Terms and Conditions.

How can I get ANZ home loan pre-approval?

Shopping for a new home is an exciting experience and getting a pre-approval on the loan may give you the peace of mind that you are looking at properties within your budget. 

At the time of applying for the ANZ Bank home loan pre-approval, you will be required to provide proof of employment and income, along with records of your savings and debts.

An ANZ home loan pre-approval time frame is usually up to three months. However, being pre-approved doesn’t necessarily mean you will get your home loan. Other factors could lead to your home loan application being rejected, even with a prior pre-approval. Some factors include the property evaluation not meeting the bank’s criteria or a change in your financial circumstances.

You can make an application for ANZ home loan pre-approval online or call on 1800100641 Mon-Fri 8.00 am to 8.00 pm (AEST).

How can I get a home loan with bad credit?

If you want to get a home loan with bad credit, you need to convince a lender that your problems are behind you and that you will, indeed, be able to repay a mortgage.

One step you might want to take is to visit a mortgage broker who specialises in bad credit home loans (also known as ‘non-conforming home loans’ or ‘sub-prime home loans’). An experienced broker will know which lenders to approach, and how to plead your case with each of them.

Two points to bear in mind are:

  • Many home loan lenders don’t provide bad credit mortgages
  • Each lender has its own policies, and therefore favours different things

If you’d prefer to directly approach the lender yourself, you’re more likely to find success with smaller non-bank lenders that specialise in bad credit home loans (as opposed to bigger banks that prefer ‘vanilla’ mortgages). That’s because these smaller lenders are more likely to treat you as a unique individual rather than judge you according to a one-size-fits-all policy.

Lenders try to minimise their risk, so if you want to get a home loan with bad credit, you need to do everything you can to convince lenders that you’re safer than your credit history might suggest. If possible, provide paperwork that shows:

  • You have a secure job
  • You have a steady income
  • You’ve been reducing your debts
  • You’ve been increasing your savings

What is a bad credit home loan?

A bad credit home loan is a mortgage for people with a low credit score. Lenders regard bad credit borrowers as riskier than ‘vanilla’ borrowers, so they tend to charge higher interest rates for bad credit home loans.

If you want a bad credit home loan, you’re more likely to get approved by a small non-bank lender than by a big four bank or another mainstream lender.

Does Australia have no-deposit home loans?

Australia no longer has no-deposit home loans – or 100 per cent home loans as they’re also known – because they’re regarded as too risky.

However, some lenders allow some borrowers to take out mortgages with a 5 per cent deposit.

Another option is to source a deposit from elsewhere – either by using a parental guarantee or by drawing out equity from another property.