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Home Loans

The home and personal finance package that will change your life...

My Life is SCU's Home and Personal Finance package that can change the way you finance your home, car, renovation or holiday. Fixed or Variable, our great home loan rates are just the beginning...

 

Request a Home Loan Key Facts Sheet

My Life Fixed Rate Home Loan Package1

  • No Application Fee2
  • No Annual Fee on SCU Award Winning Credit Card
  • No Application fees on Personal & Car Loans
  • Free first appointment with financial planner
  • Discounts on home & contents insurance
  • Low Annual Package Fee5
  • Speak to a Mobile Lender
  • Visit your local branch

 3.95% pa3

3 year fixed interest rate

 4.25% pa4

comparison rate

Based on a 3 year fixed interest rate Owner Occupied My Life home loan Package reverting to the eligible My Life variable

 

View our interest rates

Request a Home Loan Key Facts Sheet

apply for a SCU home loan

SCU home loan calculator

  Additional Information
My Life Fixed Rate Home Loan Package

Free Rate Lock for 90 days

Allows you to lock in the fixed interest rate, giving you protection against rising interest rates. The rate on the loan is the applicable rate when the loan is approved.
Minimum amount $150,000
Maximum amount 80% of property value
95% of property value with mortgage insurance
70% of land only
Loan period Up to 30 years
Monthly, fortnightly or weekly repayments Yes
Early repayments without penalty Yes up to $10,000 p.a. 1
Redraw facility Yes / Unlimited free online redraws9
Offset account No
Loan repayment insurance available Yes
Auto repayments (Salary / account) Yes

 


My Life Variable Rate Home Loan Package

  • No Application Fee2
  • No Annual Fee on SCU Award Winning Credit Card
  • No Application fees on Personal & Car Loans
  • Free first appointment with financial planner
  • Discounts on home & contents insurance
  • Low Annual Package Fee5
  • Speak to a Mobile Lender
  • Visit your local branch

 3.99% pa6


variable interest rate

 4.02% pa4

 

comparison rate

Based on a Owner Occupied My Life Variable Rate Home loan Package minimum $500,000 on a term up to 30 years

 

View our interest rates

Request a Home Loan Key Facts Sheet

apply for a SCU home loan

SCU home loan calculator

  Additional Information
My Life Variable Rate Home Loan Package
Minimum amount $150,000
Maximum amount 80% of property value
95% of property value with mortgage insurance
70% of land only
Loan period Up to 30 years
Monthly, fortnightly or weekly repayments Yes
Early repayments without penalty Yes
Redraw facility Yes / Unlimited free online redraws9
Offset account Yes/ 100% Offset account available
Loan repayment insurance available Yes
Auto repayments (Salary / account)

Yes

 

Choose a Product

 

 

SCU Home Loan key features

 

 

Additional Information

 

 


Pro Pack Loan

A fully-featured home loan where the more you borrow, the more the rate goes down. 

From  4.52% pa7
variable interest rate

From  4.57% pa4
comparison rate

View our interest rates

Request a Home Loan Key Facts Sheet

 

Apply for a SCU home loan

SCU home loan calculator

  Additional Information
Pro Pack Loan
Minimum amount $25,000
Maximum amount 80% of property value
95% of property value with mortgage insurance
70% of land only
Loan period Up to 30 years
Monthly, fortnightly or weekly repayments Yes
Early repayments without penalty Yes
Redraw facility Yes ($20 per redraw, minimum $100)
Offset account Yes
Loan repayment insurance available Yes
Auto repayments (Salary / account) Yes

 


Basic Home Loan

A home loan that keeps things simple and saves you money with a lower interest rate.

 4.61% pa8
variable interest rate

 4.66% pa4
comparison rate

View our interest rates

Request a Home Loan Key Facts Sheet

Apply for a SCU home loan

SCU home loan calculator

  Additional Information
Basic Home Loan
Minimum amount $25,000
Maximum amount 80% of property value
95% of property value with mortgage insurance
70% of land only
Loan period Up to 30 years
Monthly, fortnightly or weekly repayments Yes
Early repayments without penalty Yes
Redraw facility Yes ($50 per redraw, minimum $2000)
Offset account No
Loan repayment insurance available Yes
Auto repayments (Salary / account) Yes

 


Variable Rate Home Loan

Comprehensive variable rate home loan with offset account.

 5.12% pa
variable interest rate

 5.17% pa4
comparison rate

View our interest rates

Request a Home Loan Key Facts Sheet

apply for a SCU home loan

SCU home loan calculator

  Additional Information
Variable Rate Home Loan
Minimum amount $25,000
Maximum amount 80% of property value
95% of property value with mortgage insurance
70% of land only
Loan period Up to 30 years
Monthly, fortnightly or weekly repayments Yes
Early repayments without penalty Yes
Redraw facility Yes ($20 per redraw, minimum $100)
Offset account Yes
Loan repayment insurance available Yes
Auto repayments (Salary / account) Yes

 


Fixed Rate Home Loan3

Fixed rate home loans for 1, 2, 3 and 5 years.

From  4.10% pa3

fixed interest rate

From  4.78% pa4

 

comparison rate

View our interest rates

Request a Home Loan Key Facts Sheet

apply for a SCU home loan

 

  Additional Information
Fixed Rate Home Loan
Minimum amount $25,000
Maximum amount 80% of property value
95% of property value with mortgage insurance
70% of land only
Loan period Up to 30 years
Monthly, fortnightly or weekly repayments Yes
Early repayments without penalty Yes up to $10,000 p.a. 1
Redraw facility Yes ($20 per redraw)
Offset account No
Loan repayment insurance available Yes
Auto repayments (Salary / account) Yes

 

 


Investment Variable Rate Home Loan

A fully-featured home loan where the more you borrow, the more the rate goes down. 

From  4.52% pa7
variable interest rate

From  4.57% pa4 

comparison rate

View our interest rates

Request a Home Loan Key Facts Sheet

 

Apply for a SCU home loan

SCU home loan calculator

 

  Additional Information
Pro Pack Loan
Minimum amount $150,000
Maximum amount 75% of property value
95% of property value with mortgage insurance
70% of land only
Loan period Up to 30 years
Monthly, fortnightly or weekly repayments Yes
Early repayments without penalty Yes
Redraw facility Yes ($20 per redraw, minimum $100)
Offset account Yes
Loan repayment insurance available Yes
Auto repayments (Salary / account) Yes

 

 


Investment Fixed Rate Home Loan

Fixed rate home loans for 1, 2, 3 and 5 years, investment purposes.

From  4.19% pa3

fixed interest rate

From  4.66% pa4

comparison rate

View our interest rates

Request a Home Loan Key Facts Sheet

apply for a SCU home loan

  Additional Information
Variable Rate Home Loan
Minimum amount $25,000
Maximum amount 75% of property value
95% of property value with mortgage insurance
70% of land only
Loan period Up to 30 years
Monthly, fortnightly or weekly repayments Yes
Early repayments without penalty Yes up to $10,000 p.a. 1
Redraw facility Yes ($20 per redraw)
Offset account No
Loan repayment insurance available Yes
Auto repayments (Salary / account) Yes


 



Interest Only Home Loan

A variable rate home loan usually for investment or short term housing purposes.

 5.12% pa
variable interest rate

 5.15% pa4

comparison rate

View our interest rates
 

apply for a SCU home loan

SCU home loan calculator

 

  Additional Information
Interest Only Home Loan
Minimum amount $25,000
Maximum amount 80% of property value
95% of property value with mortgage insurance
Loan period Up to 30 years
Monthly, fortnightly or weekly repayments Yes
Early repayments without penalty Yes
Redraw facility Yes ($20 per redraw, minimum $100)
Offset account Yes
Loan repayment insurance available Yes
Auto repayments (Salary / account) Yes
 

 

 



Home Equity Overdraft

A flexible line of credit - withdraw and repay money whenever you want.

 5.12% pa
variable interest rate

View our interest rates
Request a Credit Card Key Facts Sheet

apply for a SCU home loan

 

  Additional Information
Home Equity Overdraft
Minimum amount $10,000
Maximum amount 70% of property value
Loan period Payments based on 1% of the O/S balance
Monthly, fortnightly or weekly repayments Yes
Redraw facility No
Offset account No
Loan repayment insurance available Yes
Auto repayments (Salary / account) Yes

 


 

  Useful Links and Tools

Questions?

If you have any questions, please contact us find out more about SCU home loans

1. A break cost fee applies to fixed rate loans, please refer to our Fees and Charges Schedule for further details.

2. The $0 application fee does not include 3rd party costs such as mortgage setup & valuation.

3. Based on 3 year fixed interest rate.

4. 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.

5. My Life Annual Package Fee $350 

6. The  3.99% pa rate applies to the My Life Variable Rate Home Loan Package minimum $500,000 on a term up to 30 years. My Life Annual Package Fee $350 

7. The  4.52% pa rate applies to the Propack Home Loan $250,000 plus on a term up to 30 years. 

8. A variable rate loan that offers an interest rate of 0.51% lower than our Standard Variable Home Loan rate.

9.Free unlimited redraws are only available for online redraws, fees & charges apply for branch or phone redraws.

 

 

 

 

 


 

 

*SCU's standard variable rate has been lower than the Big 4 banks since November 2010. Interest rates shown apply to new loans only.



 

Compare*

 
View all SCU rates

* 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.