Home Loans | Fixed Rate

A loan that provides interest rate certainty by locking in a rate for a specific period. Fixed rate terms are available for 1,2, 3 and 5 years and still have flexibility of repayment options to suit individual needs.

Purpose	The loan can be used for: purchase or refinance of an owner occupied or investment residential property home construction or renovation refinance an existing home loan.
Interest Rate	1 year 6.80% 2 year 7.15% 3 year 7.55% 5 year 7.85% Comparison Rate* 1 year 7.27% 2 year 7.30% 3 year 7.41% 5 year 7.60%
Product type	Fixed interest rate mortgage loan - for owner occupied or investment loans.
Term	25 years maximum overall term.
Repayments	Principal and interest.Repayments are quoted as monthly repayments but members may make a reduction on a weekly, fortnightly, monthly basis.
Interest only option
Redraw
Repay loan early

Features Fixed rate Redraw facility Pay weekly, fortnightly or monthly Direct credit your salary Repayment certainty with fixed rate Own your home sooner by having your salary paid directly into the account Redraw advance repayments even though this is a fixed rate loan

Loan amounts Minimum $30,000 Maximum Subject to serviceability and security Repayment Methods Funds may be deposited to the account via: Payroll deposit Direct credit Internet transfer

Eligibility:

Available to personal borrowers only.

Special conditions:

Automatically converts to Standard Variable Rate after fixed period expires
If the balance is greater than $30,000, borrowers may choose a fixed rate term for a further period (subject to remaining term of the loan)

Security

Primary security is to be a registered first party, first mortgage over:
Owner occupied residential property
Residential investment property
Non-income producing secondary residential property
Vacant residential land.

Fees:

Fees, charges, terms & conditions and lending criteria apply. Please refer to Credit Fees & Charges schedule for current details. *Based on a loan amount of $150,000 over a period of 25 years. Comparison rates are for Owner Occupied only. Warning: the comparison rate only applies to the example or examples given above. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. Interest rates effective 09/08/2010.