Home Loans | Standard Variable

A low variable rate home loan for purchasing or refinancing a home or investment property. This loan can also be used for home construction or renovations.

 
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
7.25%
Comparison Rate*
7.32%
Product type
Variable interest rate - for owner occupied or investment loans
Term
25 years maximum
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

Not available
Redraw

A fee applies for redraw on investment loans.
Repay loan early

 



Features
Variable rate
Redraw facility
Pay weekly, fortnightly or monthly
Direct credit your salary
Own your home sooner by having your salary paid directly into the account
Redraw advance repayments when you need some cash quickly
 
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.

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.