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You are here: Loans > Home & Investment Loans > Basic Variable Home Loan
With a discounted variable rate of 0.7%pa below our standard variable interest rate* and the ability to borrow up to 95% of the purchase price or valuation of your new home^, your search for a loan is over and the search for a home begins.
A Basic Variable Home Loan includes redraw# and the option to make additional payments. Plus, if you qualify for the First Home Owner Grant there will be no loan establishment fee**. *The interest rate at any time is 0.7%pa below our standard variable interest rate. Full details of all applicable terms and conditions are available on request. Fees and charges are payable. All applications for credit are subject to our normal lending criteria. ^Whichever is the lesser. Subject to Lender's Mortgage Insurance. #Redraws are subject to our approval and a fee is payable for each approved request. **Payment of the establishment fee that would otherwise be payable when a loan is funded is deferred, and the fee only becomes payable if the loan is refinanced out of our credit union within 3 years of funding. After 3 years it is completely waived. Terms, conditions, and normal lending criteria apply. Fees and charges are payable. For current interest rates, please refer to our Home Loan Comparison Rate Schedule which can be downloaded here. |
