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Home Loans Comparison Table

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Key Features Basic Home Loan** 1 Year Fixed Home Loan** 2 Year Fixed Rate Home Loan** 3 Year Fixed Rate Home Loan** 5 Year Fixed Rate Home Loan** Variable Rate Home Loan** Pro Pack Loan**
(Min $150K Max $249,999)
Pro Pack Loan**
(Min $250K and over)
Interest Only Loan** Home Equity Overdraft**
Interest Rate pa  4.49% pa  4.54% pa  4.00% pa  3.69% pa   4.74% pa  5.00% pa  4.65% pa  4.40% pa **  5.12% pa  5.00% pa
Comparison Rate* pa  4.54% pa  4.97% pa  4.67% pa  4.44% pa  4.92% pa  5.05% pa  4.70% pa  4.45% pa  5.15% pa n/a
Minimum amount $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $150,000 $250,000 $25,000 $10,000
Maximum amount 80% of property value, 95% of property value with mortgage insurance, 70% of land only 80% of property value, 95% of property value with mortgage insurance, 70% of land only 80% of property value, 95% of property value with mortgage insurance, 70% of land only 80% of property value, 95% of property value with mortgage insurance, 70% of land only 80% of property value, 95% of property value with mortgage insurance, 70% of land only 80% of property value, 95% of property value with mortgage insurance, 70% of land only 80% of property value, 95% of property value with mortgage insurance, 70% of land only 80% of property value, 95% of property value with mortgage insurance, 70% of land only 80% of property value, 95% of property value with mortgage insurance 70% of property value
Loan period Up to 30 years Up to 30 years Up to 30 years Up to 30 years Up to 30 years Up to 30 years Up to 30 years Up to 30 years Up to 30 years Payments based on 1% of the O/S balance
SCU will lodge First Home Owners Grant for borrower(s) Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes
Interest Only Option n/a Yes Yes Yes Yes Yes Yes Yes Yes n/a
Repayments: Monthly, Fortnightly, Weekly Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes
Early repayment without penalty Yes N/A1 N/A1 N/A1 N/A1 Yes Yes Yes Yes Yes
Redraw facility Yes3 Yes2 Yes2 Yes2 Yes2 Yes2 Yes2 Yes2 Yes2 N/A
Offset Account No No No No No Yes Yes Yes Yes N/A
Loan Repayment Insurance Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes
Auto Repayments (Salary/account) Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes

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1. A break cost fee applies to fixed rate loans - please refer to our Fees and Charges Schedule for further details.
2. Minimum $100 with a charge of $20 per redraw.
3. Minimum $2,000 with a charge of $50 per redraw.
* This comparison rate is based on a $150,000 loan over a term of 25 years. WARNING This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
**Rates for new residential loans only.

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* Based on a Standard Variable Home Loan Comparison Rate. Information is provided by Infochoice and is subject to change. To the extent permitted by law SCU takes no responsibility for the accuracy of information or any loss you or any other person suffers due to relying on the information provided. Terms & conditions and fees & charges apply. Comparison rate based on a $150,000 loan over a term of 25 years. WARNING This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.