With a low variable interest rate starting at just 3.59% (3.99% comparison rate) for owner occupiers and 4.09% (4.48% comparison rate) for investors, Credit Union SA’s Variable Rate Home Loan Package could help borrowers reduce their repayment costs while still offering a number of handy features - including a 100% offset account.
Aside from taking advantage of a competitive interest rate, borrowers will also be able to chip away at their loan faster thanks to the free extra repayments facility and, should you need to, you’ll also be able to make redraws from any extra repayments at no added cost - though there is a minimum redraw amount of $500.
No matter which Variable Rate Home Loan Package you opt for, Credit Union SA will provide you with the flexibility to make payments on a schedule that’s right for you - either weekly, fortnightly or each month.
And what would an award-winning packaged home loan be without some additional perks? Well, should you sign up with Credit Union SA you’ll also be eligible for a number of discounts off a range of their other financial products - including no annual fee on their Visa Credit Card or transaction account, as well as 0.50% off the standard rate on a Credit Union SA personal loan.
Who it's good for:
With its competitive interest rates and handy extras, the Variable Rate Home Loan Package could be a great option for any borrower looking for a loan which can keep costs low while still offering features and flexibility.
While you won’t be pay a cent when it comes to application and other upfront fees, Credit Union SA does charge a $350 yearly service fee.