New Home Loans
Applications received on or after 6 April 2010.
Interest Rates effective 1 September 2010.
| |
Variable Interest Rate (p.a.) |
Comparison Interest Rate (p.a.)2 |
| Basic Home Loan |
6.69% |
6.73%1 |
| Offset Home Loan |
7.19% |
7.23%1 |
| Revolving Line of Credit |
7.24% |
N/A |
| Bridging Loan |
7.19% |
7.23%1 |
| Construction Loan |
7.19% |
7.26%1 |
| Standard Home Loan |
7.12% |
7.16%1 |
| Fixed Term3 |
Variable Interest Rate (p.a.) |
Comparison Interest Rate (p.a.)2 |
Basic Home Loan
(1 Year Fixed)4 |
6.69% |
6.73% |
| 1 Year |
6.79% |
7.13%1 |
| 2 Year |
7.29% |
7.20%1 |
| 3 Year |
7.44% |
7.26%1 |
| 4 Year |
7.94% |
7.48%1 |
| 5 Year |
8.04% |
7.59%1 |
Existing Home Loans
Applications received prior to 6 April 2010.
Interest Rates effective 1 September 2010.
| |
Variable Interest Rate (p.a.) |
Comparison Interest Rate (p.a.)2 |
| Basic Home Loan |
6.57% |
6.61%1 |
| Offset Home Loan |
7.07% |
7.11%1 |
| Revolving Line of Credit |
7.12% |
N/A |
| Bridging Loan |
7.07% |
7.11%1 |
| Construction Loan |
7.07% |
7.14%1 |
| Standard Home Loan |
7.00% |
7.04%1 |
Terms and Conditions
Part A - Product Information
Part B - Fees and Charges
Part C - Interest Rates
- Comparison rate calculated on a secured loan amount of $150,000 for 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 and other loan amounts might result in a different comparison rate. A comparison rate schedule is available on request at the addresses below. Fees and charges apply. Terms and Conditions are available on request.
- Rates are indicative only. Fixed Rates are fixed at the date of funding.
- Interest rate offer only applies to applications received from 1 September to 31 October 2010 and loan must be funded by 28 February 2011. Minimum loan amount is $50,000. At the end of the fixed rate period, the interest rate reverts to the current product rate, currently 6.69% p.a. for the Basic Home Loan. This offer is only available to new loans; it does not apply to switching existing Victoria Teachers Credit Union Home Loans. Loans in excess of 80% Loan to Value Ratio (LVR) will incur Lenders Mortgage Insurance charges. An early termination fee applies to the Basic Home Loan if paid out in the first four years. If you payout this loan during a period when the annual percentage rate is fixed you must pay a break cost fee at that time.
The relevant provisions of the Mutual Banking Code of Practice apply to these services and facilities. The Credit Union may charge a fee for these services and facilities. Refer to the Fees and Charges brochure, available on request. Full terms and conditions including variations to interest rates are prescribed in the Terms and Conditions brochure, available on request.