bcu OMG Investment Home Loan

This product is available in different versions. Pick the right version for you here.

The details shown below are for an investor taking out a principal & interest loan between $150,000 and $1,500,000 with an LVR below 80%

The details shown below are for an investor taking out a principal & interest loan between $150,000 and $1,500,000 with an LVR below 90%

The details shown below are for an investor taking out a interest only loan between $150,000 and $1,500,000 with an LVR below 80%

Choose the version of this loan that suits you best

  • Investor (Principal & Interest)

    LVR < 80%

    Loan: $150,000 $1,500,000

  • Investor (Principal & Interest)

    LVR 80%-90%

    Loan: $150,000 $1,500,000

  • Investor (Interest Only)

    LVR < 80%

    Loan: $150,000 $1,500,000

3.59% p.a.

3.63% p.a.

$0.00

bcu OMG Investment Home Loan

3.59% p.a.

3.63% p.a.

$0.00

3.65% p.a.

3.69% p.a.

$0.00

bcu OMG Investment Home Loan

3.65% p.a.

3.69% p.a.

$0.00

3.69% p.a.

3.64% p.a.

$0.00

bcu OMG Investment Home Loan

3.69% p.a.

3.64% p.a.

$0.00

Mozo Review   bcu OMG Investment Home Loan Review

Last updated: 1 August 2019.

What's hot:
  • 3.59% interest rate (3.63% comparison rate*)

  • Free extra repayments and redraw

  • No ongoing service fees

What's not:
  • $600 application fee

  • $395 discharge fee

Mozo snapshot:

For investors looking to add a house or apartment to their portfolio, the bcu OMG Investment Home Loan may be the loan to help you do just that. The loan comes with an interest rate from 3.59% (3.63% comparison rate*) for those making principal and interest repayments. It also has flexible repayment options and is available for up to $1 million. Although, there is a $600 application fee to budget for.

Key features:

The bcu Investment Home Loan has a number of great features, but the first thing you may want to look at is the interest rate. If you decide on the principle and interest option, the interest rate is 3.59% (3.63% comparison rate*), while the interest only option has an interest rate of 3.89% (3.84% comparison rate*).

The bcu OMG Investment Home Loan allows you to borrow up to 80% of the property’s value, and is available for amounts as low $150,000, all the way up to $1,000,000.

Paying off your loan early can be an excellent way to save yourself on interest, but sometimes extra fees can make doing so a little less appealing. But this isn’t a problem with the bcu OMG Investment Home Loan, as you can make as many extra repayments as you want, for free! Plus, if you need redraw some of these early repayments you can also do so for free, although you’ll need to redraw at least $1,000 at a time.

Finding the right repayment schedule to pay off a home loan and still manage all your other commitments can sometimes be a bit of a pain. However, with the bcu OMG Home Loan, you’ll be able to choose between weekly, fortnightly or monthly repayments, so fitting the repayment to your budget can be as painless as possible.

Another of the features that you may want to take advantage of is the split account feature, which lets you split your mortgage between fixed and variable rates.

Who it's good for:

Investors looking for a loan of up to $1 million, with the chance to make additional repayment free of charge might want to take a look at the bcu OMG Investment Home Loan.

Any catches?

While there are no ongoing fees, when you budget for your home loan, keep in mind the $650 application fee and $395 discharge fee.

Details

Rates and fees information correct as at 15 October 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 3.59% p.a.

  • n/a

  • n/a

  • n/a

  • 3.63% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $600.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $395.00

Other financial bits
  • $150,000

  • $1,500,000

  • none

  • 80.00%

Features
  • Investor

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • none

  • yes - free

  • $1,000.00

  • yes

  • no

  • none

  • none

  • none

*WARNING: This comparison rate applies only to the example or 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. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 15 October 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 3.65% p.a.

  • n/a

  • n/a

  • n/a

  • 3.69% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $600.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $395.00

Other financial bits
  • $150,000

  • $1,500,000

  • 80.00%

  • 90.00%

Features
  • Investor

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • none

  • yes - free

  • $1,000.00

  • yes

  • no

  • none

  • none

  • none

*WARNING: This comparison rate applies only to the example or 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. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 15 October 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 3.69% p.a.

  • n/a

  • n/a

  • n/a

  • 3.64% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $600.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $395.00

Other financial bits
  • $150,000

  • $1,500,000

  • none

  • 80.00%

Features
  • Investor

  • Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • none

  • yes - free

  • $1,000.00

  • yes

  • no

  • none

  • none

  • none

*WARNING: This comparison rate applies only to the example or 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. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Customer Reviews

How are bcu home loans rated by the Mozo community?

Overall customer rating
8.0/10

Based on 37 bcu home loan reviews

Price
7.4/10
Features
6.8/10
Customer service
8.2/10
Convenience
8.3/10
Trust
8.2/10
bcu

About bcu

BCU began in 1970 when a group of north coast banana growers pooled their resources, and formed a credit union. Since those humble beginnings BCU has grown to 54,000 members, and includes 21 stores from the Sunshine Coast to Port Macquarie, a call centre located in northern NSW and Telephone and Internet banking facilities. Profits are returned back to members through loyalty rebates, affordable loans, sponsorships and educational programs. Regardless of where you live in Australia, BCU has a wide range of personal finance options to simplify your banking, including credit cards, home loans, personal loans, savings and transaction accounts and term deposits.

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