Northern Inland Credit Union fixed rate home loans are available for amounts starting at $20,000, up to 95% of a property’s value. You’ll pay an upfront application fee, but the good news is there aren’t any ongoing service costs. As far as features go, you can make use of fee-free repayments up to $10,000 per year, and a free redraw facility, although a minimum amount applies. Tailor your home loan to your needs with weekly, fortnightly or monthly repayments and the option to split between fixed and variable rates. Plus, take out a fixed rate mortgage with Northern Inland Credit Union and you’ll also be able to get your hands on a Visa credit card with reduced interest rates and a bonus gift voucher.
Product | Fixed 3 year rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments |
---|---|---|---|---|---|
5.99% p.a. |
6.62% p.a. |
$350.00 yearly |
$0 |
||
6.09% p.a. |
7.17% p.a. |
$8.00 monthly |
$600 |
||
6.09% p.a. |
7.17% p.a. |
$8.00 monthly |
$600 |
Opt for a variable rate Basic Home Loan from Northern Inland Credit Union, and you can borrow up to 95% of the property’s value. Loans start from $150,000 and an upfront application and ongoing monthly service fee applies. The variable rate Smart Home Loan offer is also available for loans up to 95% of the property's value, but the minimum amount you can borrow drops down to $20,000 and you’ll only pay an application fee. Both options come with unlimited fee-free extra repayments, and a redraw facility - but while redraws are fee-free with the Smart Home Loan, with the Basic Home Loan each redraw will attract a fee. The Smart Home Loan offer also comes with the use of an offset account and the option to split between fixed and variable rates.
Product | Rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments |
---|---|---|---|---|---|
7.94% p.a. |
8.07% p.a. |
$8.00 monthly |
$600 |
||
7.44% p.a. |
7.57% p.a. |
$8.00 monthly |
$600 |
||
7.94% p.a. |
8.07% p.a. |
$8.00 monthly |
$600 |
||
7.44% p.a. |
7.57% p.a. |
$8.00 monthly |
$600 |
Want a home loan packed full of all the best features? Look no further than the variable rate package home loan offers from Northern Inland Credit Union. Opt for the Dream Value Home Loan Package to get your hands on amounts from $300,000 up to 90% of the property’s value, or the Value Home Loan Package for amounts up to 95% of the property’s value, starting from $250,000. You’ll pay a yearly service fee, and choose between a principal and interest or interest only loan, with weekly, fortnightly or monthly repayments. Plus you can take advantage of a heap of flexible features, including unlimited free additional repayments, fee-free redraws, the use of an offset account and the option to split your loan between variable and fixed rates. As if that’s not enough, you can also cash in on reduced rates on your Northern Inland Credit Union credit card.
Product | Rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments |
---|---|---|---|---|---|
6.94% p.a. |
7.25% p.a. |
$350.00 yearly |
$0 |
||
6.44% p.a. |
6.75% p.a. |
$350.00 yearly |
$0 |
||
5.99% p.a. |
6.31% p.a. |
$350.00 yearly |
$0 |
To help pay your home loan off faster, you can make fee free repayments on any Northern Inland Credit Union home loan offer. These additional repayments are unlimited on most offers, but will be capped at $10,000 p.a. on fixed rate mortgages.
If you’ve been making extra repayments but suddenly find yourself needing some of those funds back, then you can take advantage of the redraw facility. Although redraws are free on most offers, remember that if you opt for the variable rate Basic Home Loan, you’ll pay a fee each time you redraw money.
Choose weekly, fortnightly or monthly repayments on any Northern Inland Credit Union home loan to tailor your mortgage repayments to your schedule.
With the exception of the Dream Value Home Loan Package, Northern Inland Credit Union home loans are available to borrowers with LVRs up to 95%. But remember that having a deposit of less than 20% will often mean having to shell out for lender’s mortgage insurance as well.
Mozo users have rated Northern Inland Credit Union home loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.
9 Reviews
The best service ever.
Read full reviewThe best service ever.
Locals and friendly service.
Read full reviewLocals and friendly service.
I would just like to say that for a small financial institution they are big on everything to making sure they satisfy every need you have!
Read full reviewI would just like to say that for a small financial institution they are big on everything to making sure they satisfy every need you have!
Wouldmlikebto further myninvestement portfolio but dont offer any advice. Goodninterestvrates
Read full reviewWouldmlikebto further myninvestement portfolio but dont offer any advice. Goodninterestvrates
They are regionally based with a customer service team who know each client and their needs. They go above and beyond to ensure you are being serviced correctly. I also like the personal touches such as delivering quotes to my work place to save me time.
Read full reviewThey are regionally based with a customer service team who know each client and their needs. They go above and beyond to ensure you are being serviced correctly. I also like the personal touches such as delivering quotes to my work place to save me time.
To apply for a mortgage with Northern Inland Credit Union, you’ll need to either call and set up an appointment, or fill in an online enquiry form to have a representative call you. You don’t need to be a member at this point, but you will need to become one before actually taking out the loan - which means visiting a branch with your I.D. and buying a member share for $10.
In the first step of applying, you’ll just need your personal details and elect a preferred branch, but later on, make sure you have details on hand, such as: