Do Your Calculations

	Borrowing Power
	Loan Repayments
	Stamp Duty and Government Fees
	Extra Repayments
	Lump Sum Repayments

How Much You Can Borrow
The amount you can borrow will depend on your income and living expenses, your credit history and your current savings. Your credit history is a record of loans and credit cards that you have had in the past.

Calculating Your Repayments
The amount you borrow will determine how much the minimum loan repayments will be.

Victoria Teachers Credit Union can lend you up to 95% of the value of the property¹, but you will need to have at least 5% of the value in genuine savings². Our Bonus Saver Account is an ideal way to save for your home.

1. Lenders Mortgage Insurance (LMI) is only required if the loan exceeds 80% of the property purchase price. LMI protects the lender. Loans of up to 95% Loan to Value Ratio (LVR) can be approved, subject to meeting LMI approval conditions.

2. Genuine savings are savings where there is proof you have deposited regularly over a minimum 6 month period. This does not include gifts from friends or relatives.