Credit Union SA
Credit Union SA

Owner Occupied Standard Variable Rate Home Loan (Interest Only)

Variable Rate
4.95% p.a.
Comparison Rate*
5.01% p.a.
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Key Features
Loan Type
Variable
Min Loan
Max Loan
$20,000.00
$20,000,000.00
Application Fee
$600.00
Borrow upto
of property value
90%
Ongoing fee
$0.00
Redraw Facility
Offset Account

Loan Details

Loan Type Variable
Security Type ResidentialProperty
Availability Owner Occupiers
Repayment Options Interest Only
Repayment Frequency Weekly, Fortnightly, Monthly
Min Loan Term 1
Max Loan Term 30
Max Loan to Value Ration (LVR) 80%
Max LVR with Mortgage Insurance 90%
Min Loan Amount $20,000.00
Max Loan Amount $20,000,000.00
Interest Rate Notes
Interest only interest rates apply when you request to only repay interest charges on your loan. For construction and bridging loans, you will only be charged interest only interest rates if, after your construction or bridging period, your repayments will not be principal and interest repayments.

Features

Extra Repayments
Loan is Transferable (Portable)
Transfer Fee -
Mortgage Offset Available
Mortgage Offset 100%
Mortgage Offset Rate -%
Redraw Available
Min Redraw Amount $500.00
Max Redraw Amount -
Redraw Fee $0.00
Redraw Notice Period Same business day
Redraw Method
Redraw Notes & Comments

Split Account

Split Available
Max No. of Accounts for Split n/a
Separate Statements for Split
Statement Frequency 2
Fixed Option
Fee for Fixing n/a

Fees

Application Fee $600.00
Legal Fee $0.00
Valuation Fee $0.00
Settlement Fee $150.00
Service Fee $0.00
Exit Fee $350.00
Early Termination Fee

Break Costs


General Fee Notes:

Legal fee, payable if we engage services of an external solicitor. Valuation fee, payable if a valuation of the property to be offered as security is required. Arrears administration fee, payable whenever we send you a letter because you do not make a repayment in full on or before the due date and the default continues for 3 days or more.

General Notes:

*The comparison rates in this table are based on a secured loan amount of $150,000 and a term of 25 years. WARNING: These comparison rates apply only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and costs savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. Comparison rates are not calculated for revolving credit products.