How our Home Loans compare
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If you want confirmation that our Home Loans offer outstanding value, read on! A recent comparison has shown that our Members can save up to $27,1482 in interest charges over the life of their loan when compared to other home loan providers. The table below demonstrates how we compare for an Owner Occupied $250,000 home loan over 30 years: |
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| Variable Rate p.a1 | Comparison Rate p.a.3 | Loan Repayment p.m. | Total Interest Payment | Amount Saved2 | |
|---|---|---|---|---|---|
| Unity Bank | 4.89% | 4.95% | $1,325 | $227,107 | |
| ANZ | 5.36% | 5.46% | $1,398 | $253,133 | $26,026 |
| CBA | 5.37% | 5.51% | $1,399 | $253,694 | $26,587 |
| NAB | 5.24% | 5.37% | $1,379 | $246,426 | $19,319 |
| Westpac | 5.38% | 5.52% | $1,401 | $254,255 | $27,148 |
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Not only are our home loans competitively priced but now you can choose between our First Rate home loan (basic low rate variable home loan) or our All in One home loan (complete range of features):
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| Key Features | First Rate Home Loan | All in One Home Loan |
|---|---|---|
| Variable interest rate | View our interest rates | View our interest rates |
| Minimum amount | $30,000 | $30,000 |
| Maximum amount |
95% of the property value |
95% of the property value |
| Loan period | Up to 30 years | Up to 30 years |
| Repayments | Monthly / Fortnightly / Weekly | Monthly / Fortnightly / Weekly |
| Interest charges | Calculated daily, charged monthly | Calculated daily, charged monthly |
| Legal Fees | At cost | At cost |
| Valuation Fees | At cost | At cost |
| Variable and lump sum repayments | Yes | Yes |
| Early repayment without penalty | Yes | Yes |
| Redraw facility | Yes | Yes |
| Top up facility available | Min $10,000 | Min $10,000 |
| Monthly account keeping/service fees | No | No |
| Loan Repayment Insurance available | Yes | Yes |
| Auto repayments (salary/account) | Yes | Yes |
| 100% Offset Facility | No | Yes |
| FREE monthly transactions | 13 | 20 |
| Discount on General Insurance | Yes | Yes |
| Annual fee on Visa Credit Card | Yes | No |
| Access to 'Premium Rate' for personal loans | No | Yes |
| Switching fee to Fixed Rate | Yes | No |
| Bonus rate on Term Deposits | No | Yes |
| Monthly fees on Visa Debit Cards | No | No |
| Repayment Holiday | Yes | Yes |
All displayed interest rates for Owner Occupied loans only. Investment rates available by clicking here
1. Subject to change without notice. Terms and conditions, fees and charges and approval criteria apply. Other Bank's Standard Variable Home Loan Rates correct as at 14 November 2018, taken from the institution's website.
2. The calculated figures in this table are only an estimated guide. These figures are subject to change.
3. Bank comparisons are based on$250,000 loan over 30 years secured with monthly repayments. (Taken from Bank's website 14 November 2018)
WARNING: These comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Fixed Rate Home Loans: Establishment and Early Repayment fees & charges apply. Redraw facilities are not available. Loan Protection Insurance and Rate Lock options available; refer to Fees & Charges and Interest Rates Brochure on our website or at one of our branches for full details.
