7.9 / 10

based on 60 GMCU banking product reviews as rated by Mozo community

GMCU home loans

GMCU is a mutually owned financial service organisation serving customers in the Victoria region. It was formed through the amalgamation of six credit unions, with its combined history dating back to 1955. GMCU offers an alternative to the big banks for members in Victoria, providing a variety of services including savings accounts, cash management accounts, term deposits, home loans, overdrafts, term loans, personal loans and car insurance.

What home loans do GMCU offer?

Rates and fees verified as correct at 28 July, 2021. Other information correct at the time of writing. Advertiser disclosure.

Fixed Rate Home Loans

Home loan repayments calculator

years

Product Fixed 3 year rate Comparison Rate Service fee Upfront fee Monthly repayments

2.50% p.a.

3.60% p.a.

$8.00 monthly

$300

3.95% p.a.

4.44% p.a.

$300

Variable Rate Home Loans

Home loan repayments calculator

years

Product Rate Comparison Rate Service fee Upfront fee Monthly repayments

3.82% p.a.

3.94% p.a.

$8.00 monthly

$300

2.33% p.a.variable for 24 months and then 3.82% p.a.

3.71% p.a.

$8.00 monthly

$0

4.40% p.a.

4.42% p.a.

$300

4.59% p.a.

4.71% p.a.

$8.00 monthly

$300

2.69% p.a.variable for 24 months and then 4.59% p.a.

4.40% p.a.

$8.00 monthly

$300

4.94% p.a.

4.96% p.a.

$300

How are GMCU home loans rated?

Mozo users have rated GMCU 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
GMCU home loans
Overall
9.0/10
Price
Features
Customer service
Convenience
Trust

4 Reviews

Recent GMCU home loan reviews

GMCU Home Loan
Overall 7/10
Personal and unbeatable customer service

I like this product because of the local connection. By borrowing from a locally owned business I am also supporting the local community. I also know that when I call them, I will get to talk to a real person. The loan features and pricing are not the best on the market, but the positives outweigh the negatives by far.

Read full review

I like this product because of the local connection. By borrowing from a locally owned business I am also supporting the local community. I also know that when I call them, I will get to talk to a real person. The loan features and pricing are not the best on the market, but the positives outweigh the negatives by far.

Price
7/10
Features
4/10
Customer service
8/10
Convenience
6/10
Trust
8/10
Less
Matt, Victoria, reviewed over 6 years ago
GMCU Home Loan
Overall 10/10
reliable

I have always used our local bank

Read full review

I have always used our local bank

Price
5/10
Features
5/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Dave, Victoria, reviewed over 6 years ago
GMCU Home Loan
Overall 9/10
Customer service is 110 % lovely

The GMCU have been great to us. Their service and response have been outstanding, my husband lost his job and we spoke to them straight away and they were wonderful with the options that they gave us. I would recommend them to anyone as they are great. They are willing to help in any way that they can they have a great team and are a pleasure to talk to. I give them 12 out of 10, they are just so nice.

Read full review

The GMCU have been great to us. Their service and response have been outstanding, my husband lost his job and we spoke to them straight away and they were wonderful with the options that they gave us. I would recommend them to anyone as they are great. They are willing to help in any way that they can they have a great team and are a pleasure to talk to. I give them 12 out of 10, they are just so nice.

Price
8/10
Features
8/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Kerrie, Victoria, reviewed over 7 years ago
GMCU Home Loan
Overall 10/10
Fantastic customer service

The credit Union is local, the staff are extremely friendly, polite and super efficient. The staff are local so know their customers personally so they understand their needs.

Read full review

The credit Union is local, the staff are extremely friendly, polite and super efficient. The staff are local so know their customers personally so they understand their needs.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Shirley, New South Wales, reviewed over 8 years ago

What do you need to apply for a GMCU home loan?

  • Personal details for each applicant (if necessary)
  • Contact details including a valid email address
  • Proof of salary (i.e. payslips) and evidence of other income including government payments and rental income
  • Statements for any liabilities including credit cards or other existing loans
  • A copy of your council rates notice
  • A copy of your driver's licence or passport
  • Home loan statements (if you’re refinancing)

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