Text text size decrease text size increase

How our Home Loans compare

Written by Lorraine Marsh

Attention: open in a new window. Print

If you want confirmation that our Home Loans offer outstanding value, read on!

A recent comparison has shown that our members can save up to $38,836 in interest charges over the life of their loan when compared to other home loan providers*.

The Credit Union offers one of the best value home loans in Australia. See how we compare for a $250,000 loan over 30 years:

  Variable Rate p.a * Comparison Rate p.a. + Loan Repayment p.m. Total Interest Payment Amount Saved
MMPCU 6.78% 6.85% $1,626 $335,534  
ANZ 7.36% 7.46% $1,724 $370,687 $35,153
St George 7.42% 7.58% $1,734 $374,370 $38,836
NAB 7.31% 7.44% $1,715 $367,625 $32,091
CBA 7.41% 7.55% $1,732 $373,755 $38,221

 

Not only are our home loans competitively priced but now you can choose between our First Rate home loan (basic low rate variable home loan) or our All in One home loan (complete range of features):

First Rate Home Loan

All in One Home Loan

This basic home loan offers you a great ongoing
variable interest rate, no monthly account keeping
fees and the flexibility to make extra repayments
without penalty so you can manage your mortgage
as you choose.

The All in One Home Loan offers you complete flexibility
with a full range of features, and a highly competitive
variable interest rate.

Key Features

First Rate Home Loan

All in One Home Loan
Variable interest rate View our interest rates View our interest rates
Minimum amount $30,000 $30,000
Maximum amount

90% of the property value

 90% of the property value
Loan period Up to 30 years Up to 30 years
Repayments Monthly / Fortnightly / Weekly Monthly / Fortnightly / Weekly
Interest charges Calculated daily, charged monthly Calculated daily, charged monthly
Legal Fees  At cost At cost
Valuation Fees At cost At cost
Variable and lump sum repayments Yes Yes
Early repayment without penalty Yes Yes
Redraw facility Yes Yes
Top up facility available Min $10,000 Min $10,000
Monthly account keeping/service fees No No
Free death cover (up to $120,000 per membership) No Yes
Loan Repayment Insurance available Yes Yes
Auto repayments (salary/account) Yes Yes
100% Offset Facility No Yes
FREE monthly transactions 13 20
Discount on General Insurance Yes Yes
Annual fee on Visa Credit Card Yes No
Access to 'Premium Rate' for personal loans No Yes
Switching fee to Fixed Rate Yes No
Bonus rate on Term Deposits No Yes
Monthly fees on Visa Debit or Redicards No No

Apply

Apply using our simple application form.

Questions?

If you have any questions, please contact us.

*First Rate Home Loan Rate available from the 12th March 2012, subject to change without notice. Terms and conditions, fees and charges and approval criteria apply. Bank's Standard Variable Home Loan Rates correct as at 26th March 2012, taken from the institution's website.
+Comparison rate based on $250,000 loan over 30 years secured with monthly repayments.
WARNING: This comparison rate applies only to the examples given. 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. A Comparison Rate Schedule is available on our website or at one of our branches. This offer may be withdrawn at any time.
+Comparison rate shown for the banks Standard Variable Home Loan product based on $250,000 loan over 30 years (taken from the bank’s website 26th March 2012).
Fixed Rate Home Loans: Establishment and Early Repayment fees & charges apply. Redraw facilities are not available. Loan Protection Insurance and Rate Lock options available; refer to Fees & Charges and Interest Rates Brochure on our website or at one of our branches for full details.

Car Loan

Visa Low Rate Credit Card