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Loan Interest Rates

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Loans with more features, more flexibility, and - you guessed it - fewer fees and charges.

Our loans are designed to help you borrow the funds you need, with the features you need, at the lowest possible cost.

We can show you smart ways to reduce the cost of your borrowing - so you can own the things you want sooner. We will also make sure that you are informed of the total cost of your loan - including any government fees or other charges - so there are no nasty surprises in store.

Home Loans - Owner occupied/Investment

  Owner Occupied Investment
Loan Type Interest Rate Comparison Rate Interest Rate Comparison Rate
Power Home Loan Package:        
Special Offer
Discounted Interest Rate $200,000+#
3.69% pa 4.11% pa1 1
$400,001+ 3.99% pa  4.40% pa1 4.18% pa 4.59% pa1
$250,001-$400,000 4.29% pa 4.70% pa1 4.48% pa 4.88% pa1
$150,001-$250,000  4.39% pa 4.79% pa1 4.58% pa 4.98% pa1
$10,000-$150,000  4.79% pa 5.19% pa1 4.98% pa 5.37% pa1
Standard Variable Rate 4.89% pa 4.93% pa1 - -
Investment Variable Rate     5.08% pa 5.12% pa1
Refinance Variable Rate 4.89% pa 4.93% pa1 5.08% pa 5.12% pa1
Introductory Variable Rate 4.39% pa^^ 4.88% pa1 4.58% pa 5.07% pa1
Basic Rate 4.64% pa^ 4.68% pa1 4.83% pa 4.87% pa1
First Home Buyers 4.39% pa^^^ 4.79% pa1 - -
Fixed Rate (secured) Rate on application NA - -

Home Equity Loan

 

Owner Occupied Investment
Loan Type Interest Rate Comparison Rate Interest Rate Comparison Rate
Variable Rate 5.89% pa 5.93% pa1 6.08% pa 6.12% pa1

Personal Loans

Loan Type Interest Rate Comparison Rate
10-5-50 Loan 10.99% pa 12.02% pa3
Unsecured Personal Loan (less than $15k) 14.20% pa 15.18% pa3
Unsecured Personal Loan (greater than $15k) 13.95% pa 14.16% pa2
Debt Consolidation 15.20% pa 15.41% pa2
Student/Apprentice Loan 12.20% pa 12.20% pa4

Car Loans

Loan Type Variable Rate Comparison Rate
Car Loan Crusher Up to 2%p.a discount***  
Special Car Loan 7.95% pa 8.16% pa2
Brand NEW Car (less than 12 months) 9.49% pa 9.69% pa2
New Car Loan (Vehicle 1-5 Yrs Old) 10.70% pa 10.90% pa2
New Car Loan with 10% equity option (0.50% discount)* 10.20% pa 10.40% pa2
Used Car Loan (Vehicle 5+ Yrs Old) 13.90% pa 14.11% pa2
Used Car Loan with 10% equity option (0.50% discount)* 13.40% pa 13.61% pa2

Credit Cards and Personal Overdrafts

Loan Type Interest Rate Comparison Rate
Overdraft 13.99% pa N/A
Visa Credit Card Honeymoon rate
6.95% pa**
Standard rate
13.54% pa

N/A

N/A

Business Loans and Overdrafts

Loan Type Variable Rate Comparison Rate
Business Loan - Residential Secured From6.08% pa N/A
Business Loan - Other Security From7.08% pa N/A
Business Overdraft - Secured From9.08% pa N/A
Business Overdraft - Unsecured From13.99% pa N/A

Rates effective for new loans from 10 April 2017

  What is a Comparison rate?

The Comparison Rate is an indicative interest rate that is designed to help members identify the 'true cost' of a loan. The Comparison Rate takes into account the interest rate and "ascertainable fees and charges" that relate to the loan, in an attempt to express some of the costs of a loan into a single (comparison) rate.

"Ascertainable fees and charges" are those that are definitely payable during the life of the loan - such as application fees, monthly or annual charges, cost of valuation and legal fees.

What isn't included?

The Comparison Rate does not include fees and charges that may occur or are based on some future "event" - such as redraw, early termination fees, progress payments or fees charged by some institutions when you decide to switch lenders. In addition, government and statutory charges are not included - as these are standard irrespective of the type of loan or who the lender is.

So, whilst the Comparison Rate is a useful tool for comparing the cost of different loans, it should be remembered that it doesn't provide the total picture.

What to bear in mind

It's important to consider all the features and benefits of the loan - rather than only focusing on the Comparison Rate. A Comparison rate does not take into account all the factors that should be considered when comparing different loan offers from different financial institutions / lenders. Benefits such a redraw, 100% offset and ability to make additional repayments / flexible repayment periods are not included within a Comparison Rate - but they can make a difference to the attractiveness of a loan.

Questions?

If you have any questions, please contact us Contact Us

¹Comparison rate calculated on a loan amount of $150,000 over a term of 25 years with monthly repayments.
²Comparison rate calculated on a loan amount of $30,000 over a term of 5 years with monthly repayments.
³Comparison rate calculated on a loan amount of $10,000 over a term of 3 years with monthly repayments.
ā“Comparison rate calculated on a loan amount of $2,500 over a term of 2 years with monthly repayments.
WARNING: Comparison rates apply only to the 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. A comparison rate schedule is available at any Credit Union branch. Please note Terms and Conditions, Fees and Charges apply.
^ discount off the standard variable rate for the life of the loan.
^^ discount off the standard variable rate for the first 12 months. 
^^^ discount off the standard variable rate for the first 3 years.
*Only applicable for the purchase of a motor vehicle with a minimum 10% deposit.
**Honeymoon interest rate available for the first 6 months on a balance transfer purchases and cash advances please note terms and conditions apply.
***Proof of rate required. Floor rate of 6% p.a does apply.
#This special is applicable to the Power Home Loan Package only. Minimum loan amount of $200,000 for new and existing borrowers; existing borrowers must also increase their loan by $100,000 to be eligible for this special offer. Full terms and conditions for the Power Home Loan Package apply.