With the fixed rate home loan option from bcu, you can borrow up to $2,500,000, with as little as 5% of the property’s value for a deposit. You’ll pay no upfront or ongoing fees, and you’ll also have the option of making extra repayments, although on the fixed rate option, a fee does apply. To make budgeting easier, you can choose to make monthly, fortnightly or weekly repayments to match when you get paid. Plus, if you think you’d like the security of fixed rates but with a little added wiggle room, why not split your home loan between a fixed and variable rate?
| Product | Fixed 3 year rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments |
|---|---|---|---|---|---|
|
6.39% p.a. |
6.30% p.a. |
$0.00 |
$300 |
||
|
6.29% p.a. |
6.27% p.a. |
$0.00 |
$300 |
||
|
6.49% p.a. |
6.48% p.a. |
$0.00 |
$300 |
||
|
6.39% p.a. |
6.45% p.a. |
$0.00 |
$300 |
If you’re looking for flexibility in your home loan, check out one of the great variable rate home loan offers from bcu. Depending on which option you choose, you can borrow up to $2,500,000 with an LVR of up to 95%, but keep in mind that some options have a maximum LVR of 90%. Like the fixed rate alternative, you’ll pay no upfront or ongoing fees for any variable rate home loan from bcu. As far as features go, you’ll have the option to make fee free extra repayments, and there’s a redraw facility if you need any of those funds back. If you opt for either the Standard or Maximum Discounted Rate variable home loan, you’ll also get the use of a 100% offset account to keep interest costs low.
| Product | Rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments |
|---|---|---|---|---|---|
|
6.23% p.a. |
6.26% p.a. |
$0.00 |
$300 |
||
|
6.39% p.a. |
6.42% p.a. |
$0.00 |
$300 |
||
|
6.14% p.a. |
6.17% p.a. |
$0.00 |
$300 |
||
|
6.04% p.a. |
6.07% p.a. |
$0.00 |
$300 |
||
|
5.99% p.a. |
6.02% p.a. |
$0.00 |
$300 |
||
|
6.29% p.a. |
6.32% p.a. |
$0.00 |
$300 |
||
|
8.31% p.a. |
8.34% p.a. |
$0.00 |
$300 |
||
|
6.69% p.a. |
6.72% p.a. |
$0.00 |
$300 |
||
|
6.39% p.a. |
6.42% p.a. |
$0.00 |
$300 |
||
|
6.29% p.a. |
6.32% p.a. |
$0.00 |
$300 |
||
|
7.62% p.a. |
7.65% p.a. |
$0.00 |
$300 |
||
|
6.44% p.a. |
6.47% p.a. |
$0.00 |
$300 |
Want to use the equity in your home to fund your next big spending goal? With a line of credit mortgage from bcu you can make it happen. Available for up to 79% of your home’s value, you can secure up to $2,500,000. But remember to budget for the initial application fee.
| Product | Rate | Comparison Rate | Service fee | Upfront fee |
|---|---|---|---|---|
|
8.44% p.a. |
n/a |
$0.00 |
$900 |
|
|
7.74% p.a. |
n/a |
$0.00 |
$900 |
|
|
8.60% p.a. |
n/a |
$0.00 |
$300 |
|
|
7.90% p.a. |
n/a |
$0.00 |
$900 |
You can snag many of bcu's home loans with as little as a 5% deposit. Just keep in mind that when you have a deposit of less than 20%, you’ll usually also need to fork out for lender’s mortgage insurance.
bcu home loans often give you the option to make additional repayments and pay your loan off faster. Just remember that while there’s no penalty for doing so on a variable rate loan, you’ll pay a fee for extra repayments made on a fixed rate mortgage, plus, paying the entire loan off before the fixed period ends might incur extra penalties.
You can choose monthly, fortnightly or weekly repayments, to fit in with your budget.
A bcu home loan is easy on the wallet, with no ongoing service fee or application fee on any mortgage option (except for the line of credit which comes with an application fee).
Mozo users have rated BCU Bank home loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.
BCU has been great. I've dealt with David and Bec and they have both been extremely helpful. Very flexible making time to speak with me and everything has been hassle free and easy to understand.
Read full reviewBCU has been great. I've dealt with David and Bec and they have both been extremely helpful. Very flexible making time to speak with me and everything has been hassle free and easy to understand.
Every single interaction I've had with BCU has been fantastic. Nothing has ever been too much trouble, staff are easy to deal with and have always been super helpful. Recently I made contact to ask if I could switch to a better rate and they had sorted it out for me within days. What's even better is the simple communication style. My lender was able to text me updates and let me know when my paperwork was available in secure mail for signing. So happy with this bank.
Read full reviewEvery single interaction I've had with BCU has been fantastic. Nothing has ever been too much trouble, staff are easy to deal with and have always been super helpful. Recently I made contact to ask if I could switch to a better rate and they had sorted it out for me within days. What's even better is the simple communication style. My lender was able to text me updates and let me know when my paperwork was available in secure mail for signing. So happy with this bank.
We received friendly, personal service from our mobile home lender with clear and consistent communication. A year in and we’re emost of the other banks and credit unions which we are very happy with and we’ve experienced new product features and technology being introduced, to our advantage, which has been great. Overall great products so far and an easy-to-use banking app.
Read full reviewWe received friendly, personal service from our mobile home lender with clear and consistent communication. A year in and we’re emost of the other banks and credit unions which we are very happy with and we’ve experienced new product features and technology being introduced, to our advantage, which has been great. Overall great products so far and an easy-to-use banking app.
My experience with BCU Bank has been excellent from start to finish! As a first home owner it was excellent that they could explain the process and support us. The rates have been great and the communication has been helpful. Additionally to this the app is easy to use - love the new look and accessibility.
Read full reviewMy experience with BCU Bank has been excellent from start to finish! As a first home owner it was excellent that they could explain the process and support us. The rates have been great and the communication has been helpful. Additionally to this the app is easy to use - love the new look and accessibility.
Great bank, the staff are lovely and very helpful. The only drawback is the cards don’t work with Apple Pay. They have recently updated their app, which was dreadful but seems better now.
Read full reviewGreat bank, the staff are lovely and very helpful. The only drawback is the cards don’t work with Apple Pay. They have recently updated their app, which was dreadful but seems better now.
Ready to sign up and make that first home dream a reality? To do so, you’ll need to be over 18, a permanent Australian resident or citizen and be in a good financial situation - which means no outstanding defaults, judgements or bankruptcy.
You’ll also need to provide information about: