Looking for the certainty of fixed repayments over the next few years? With Coastline Credit Union’s fixed rate home loan, you can borrow loan amounts from $25,000 for 1-3 years and your rate will vary depending on your loan-to-value ratio (LVR). While there are a couple of upfront fees and a monthly service fee to budget for, in return, you’ll have access to bells and whistles including the ability to make extra repayments and free redraws (minimum applies). There’s also an option to split your loan into fixed and variable rates if you want the best of both worlds.
Product | Fixed 3 year rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments |
---|---|---|---|---|---|
6.59% p.a. |
7.32% p.a. |
$8.00 monthly |
$650 |
||
6.49% p.a. |
7.29% p.a. |
$8.00 monthly |
$650 |
||
6.69% p.a. |
7.35% p.a. |
$8.00 monthly |
$650 |
||
6.79% p.a. |
7.45% p.a. |
$8.00 monthly |
$650 |
||
6.69% p.a. |
7.42% p.a. |
$8.00 monthly |
$650 |
||
6.89% p.a. |
7.48% p.a. |
$8.00 monthly |
$650 |
If flexibility with your repayments matter to you, then Coastline Credit Union’s standard variable rate home loan is worth a look. Loan amounts start from $150,000 and, as with the fixed rate option, your rate will depend on which LVR tier you fall under. You’ll also have the ability to make an unlimited amount of free extra repayments and free redraws (minimum applies), plus match your repayments to your pay cycle. Once again you’ll need to factor in a couple of upfront fees and a monthly service fee.
Product | Rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments |
---|---|---|---|---|---|
6.19% p.a. for 6 months and then 7.24% p.a. |
7.32% p.a. |
$8.00 monthly |
$650 |
||
5.69% p.a. for 6 months and then 6.94% p.a. |
7.01% p.a. |
$8.00 monthly |
$650 |
||
6.39% p.a. for 6 months and then 7.64% p.a. |
7.70% p.a. |
$8.00 monthly |
$650 |
||
8.54% p.a. |
8.67% p.a. |
$8.00 monthly |
$650 |
||
8.24% p.a. |
8.37% p.a. |
$8.00 monthly |
$650 |
||
8.94% p.a. |
9.07% p.a. |
$8.00 monthly |
$650 |
||
7.24% p.a. |
7.37% p.a. |
$8.00 monthly |
$650 |
||
6.94% p.a. |
7.08% p.a. |
$8.00 monthly |
$650 |
||
7.64% p.a. |
7.77% p.a. |
$8.00 monthly |
$650 |
||
7.44% p.a. |
7.57% p.a. |
$8.00 monthly |
$650 |
||
7.14% p.a. |
7.27% p.a. |
$8.00 monthly |
$650 |
||
7.84% p.a. |
7.97% p.a. |
$8.00 monthly |
$650 |
||
9.48% p.a. |
9.61% p.a. |
$8.00 monthly |
$650 |
||
9.08% p.a. |
9.21% p.a. |
$8.00 monthly |
$650 |
||
9.68% p.a. |
9.81% p.a. |
$8.00 monthly |
$650 |
||
7.54% p.a. |
7.67% p.a. |
$8.00 monthly |
$650 |
||
7.24% p.a. |
7.37% p.a. |
$8.00 monthly |
$650 |
||
7.94% p.a. |
8.07% p.a. |
$8.00 monthly |
$650 |
Need extra funds for a home renovation, wedding or other big purchase? Coastline Credit Union also offers its members a line of credit for loans with LVRs up to 90%, for amounts between $50,000 and $150,000 if you opt for interest-only and amounts from $150,000 if you opt for interest and principal. This line of credit is available to owner occupiers only, and comes with benefits like no set repayments and the ability to make free extra repayments (but no redraws).
Product | Rate | Comparison Rate | Service fee | Upfront fee |
---|---|---|---|---|
8.31% p.a. |
n/a |
$5.00 monthly |
$650 |
|
8.61% p.a. |
n/a |
$5.00 monthly |
$650 |
With Coastline Credit Union home loans, borrowers with more than a 20% deposit won’t be left out, as the credit union also accepts LVRs above 80%. Just bear in mind that your rate won’t be as competitive as the rates snagged by customers with lower LVRs, and you may also have to pay for Lenders Mortgage Insurance (LMI).
Choose between weekly, fortnightly or monthly repayments when you opt for a Coastline Credit Union home loan. And with its line of credit, you won’t be confined to any set repayments at all.
Both the fixed rate and variable rate home loans from Coastline Credit Union come with a free redraw facility which you can access as many times as you’d like, although a minimum amount of $500 will apply per redraw.
Mozo users have rated Coastline 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
Great service, friendly staff
Read full reviewGreat service, friendly staff
Fantastic service, competitive rates and staff who want to know about you.
Read full reviewFantastic service, competitive rates and staff who want to know about you.
They actually looked at my Centrelink payments.
Read full reviewThey actually looked at my Centrelink payments.
The team at Coastline go out of their way to make us feel welcome when we enter the branch whether it's just for a minor withdrawal or submit an application for a loan. They know our names, which cannot be said for many banking institutions. That makes us feel valued, and not just a member number.
Read full reviewThe team at Coastline go out of their way to make us feel welcome when we enter the branch whether it's just for a minor withdrawal or submit an application for a loan. They know our names, which cannot be said for many banking institutions. That makes us feel valued, and not just a member number.
Coastline Credit Union & the staff that work there have always been helpful, knowledgeable, friendly & will go out of their way to find out what you want to know or fix anything. They are amongst the first the pass on any savings to you & have never pipped us off when the reserve bank has dropped there percentage rates. We wouldn't go anywhere else for our banking or borrowing needs.
Read full reviewCoastline Credit Union & the staff that work there have always been helpful, knowledgeable, friendly & will go out of their way to find out what you want to know or fix anything. They are amongst the first the pass on any savings to you & have never pipped us off when the reserve bank has dropped there percentage rates. We wouldn't go anywhere else for our banking or borrowing needs.
To apply for any Coastline Credit Union products, you’ll first need to be a member. Once you’ve signed up to the credit union, you’ll then have the option to either fill out an online home loan application or visit one of their branches for in-person assistance. Generally speaking you’ll need to have a few details handy including:
Your ID documents - e.g. driver’s licence, Medicare card, passport
Proof of salary including your payslips or an employment contract or letter from your employer
Details of any other income from an investment property, the government or shares
Details about your current liabilities such as credit cards and loans.