based on 61 Coastline Credit Union product reviews as rated by Mozo community

Coastline Credit Union home loans

For over 50 years, Coastline Credit Union has been offering Australians a range of financial services that have minimal fees or charges. As a customer-owned bank, Coastline Credit Union is committed to providing products including home loans, personal loans, savings accounts, term deposits and insurance that work to help their members save money.

What home loans do Coastline Credit Union offer?

Rates and fees verified as correct at 29 March 2024. Other information correct at the time of writing. Advertiser disclosure.

Fixed Rate Home Loans

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.

Home loan repayments calculator

years

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

Variable Rate Home Loans

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.

Home loan repayments calculator

years

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

Line of Credit

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

Coastline Credit Union home loan features in a glance

Image of coins

Caters for small deposits

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). 

Image of coins

Repayment flexibility 

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. 

Image of coins

Fee-free redraw facility 

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.

How are Coastline Credit Union home loans rated?

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.

Icon of home-loans
Coastline Credit Union home loans
Overall
Price
Features
Customer service
Convenience
Trust

9 Reviews

Recent Coastline Credit Union home loan reviews

Coastline Credit Union Home Loan
Overall 10/10
Love doing business

Great service, friendly staff

Read full review

Great service, friendly staff

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
John, New South Wales, reviewed about 8 years ago
Coastline Credit Union Home Loan
Overall 10/10
Fantastic

Fantastic service, competitive rates and staff who want to know about you.

Read full review

Fantastic service, competitive rates and staff who want to know about you.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Kate, New South Wales, reviewed about 8 years ago
Coastline Credit Union Home Loan
Overall 9/10
Great customer service

They actually looked at my Centrelink payments.

Read full review

They actually looked at my Centrelink payments.

Price
8/10
Features
8/10
Customer service
10/10
Convenience
10/10
Trust
9/10
Less
Alicia, New South Wales, reviewed over 8 years ago
Coastline Credit Union Home Loan
Overall 8/10
Super low interest rate on home loans!

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 review

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.

Price
9/10
Features
7/10
Customer service
8/10
Convenience
7/10
Trust
8/10
Less
Leah, New South Wales, reviewed about 10 years ago
Coastline Credit Union Home Loan
Overall 10/10
A fair bank that cares, what more can you ask for

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 review

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.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Mozo community reviewer, New South Wales, reviewed over 10 years ago

What do you need to apply for a Coastline Credit Union home loan?

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: 

Home loan quick links