The details shown below are for an owner occupier taking out a principal & interest loan of at least $30,000 with an LVR below 95%

The details shown below are for an investor taking out a principal & interest loan of at least $30,000 with an LVR below 95%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR < 95%

    Loan: $30,000

  • Investor (Principal & Interest)

    LVR < 95%

    Loan: $30,000

Fixed 3 year rate
2.50% p.a.
Comparison Rate
3.60% p.a.
Service fee
$8.00 monthly
Upfront fee
$300
Fixed 3 year rate
3.95% p.a.
Comparison Rate
4.44% p.a.
Service fee
Upfront fee
$300

Mozo editorial review GMCU Fixed

Last updated: 5 May 2021.

binocular icon
What's hot
  • 2.40% p.a. (3.73% p.a. comparison rate*) 2 year fixed rate
  • Offset account available
  • Free extra repayments
What's not
  • $300 application fee
  • $150 discharge fee
Mozo snapshot

The GMCU Fixed Rate home loan combines competitive rates with a range of features that are sure to be appreciated by borrowers. You can access fixed rates as low as 2.40% p.a. (3.73% p.a. comparison rate*) on 2-year terms and 2.50% p.a. (3.64% p.a. comparison rate*) on 3-year terms. There’s also an offset account to help you save, the ability to make free extra repayments and a redraw facility.

key icon
Key features

The GMCU Fixed Rate home loan offers a competitive 2.40% p.a. (3.73% p.a. comparison rate*) on 2-year terms, plus a host of features. You’ll be able to make additional repayments without incurring any penalties, and if you ever want to retrieve those extra funds, you’ll be able to do so using the redraw facility. Just keep in mind there’s a minimum redraw amount of $1,000 and fees will apply. Unlike many other fixed rate home loans, the GMCU Fixed Rate also lets borrowers access an offset account, which can be useful for reducing the amount paid in interest. 

snapshot
Who is it good for

With a redraw facility and the ability to make free extra repayments, this offering from GMCU could be a great choice for those looking to secure a fixed rate without losing out on the interest-saving features typically available on variable rate home loans.

question icon
Any catches

While the GMCU Fixed Rate home loan is light on fees, there are still a few you’ll need to be aware of, namely the $300 application fee and $150 discharge fee.

Details

Rates and fees information correct as at 8 May 2021. 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
  • n/a

  • n/a

  • n/a

  • n/a

  • 2.40% (3.81%*)

  • 2.40% (3.73%*)

  • 2.50% (3.60%*)

  • n/a

  • n/a

  • n/a

  • n/a

  • 3.82% p.a.

Fees
  • $300.00

  • n/a

  • n/a

  • n/a

  • n/a

  • $8.00 monthly

  • $150.00

Other financial bits
  • $30,000

  • none

  • none

  • 95.00%

Features
  • none

  • yes - free

  • none

  • yes - fees apply

  • $1,000.00

  • none

  • yes

  • 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 8 May 2021. 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
  • n/a

  • n/a

  • n/a

  • n/a

  • 2.90% (4.45%*)

  • 2.90% (4.31%*)

  • 3.95% (4.44%*)

  • n/a

  • n/a

  • n/a

  • n/a

  • 4.59% p.a.

Fees
  • $300.00

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • $150.00

Other financial bits
  • $30,000

  • none

  • none

  • 95.00%

Features
  • none

  • yes - free

  • none

  • yes - fees apply

  • $1,000.00

  • none

  • yes

  • 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 GMCU home loans rated by the Mozo community?

Overall
9.0/10
Price
7.5/10
Features
6.8/10
Customer service
9.5/10
Convenience
9.0/10
Trust
9.5/10
Thumbnail icon for GMCU

About GMCU

GMCU is a mutually owned financial service organisation, servicing the Victoria region. GMCU offers a variety of services in savings accounts, cash management accounts, term deposits, home loans, overdrafts, term loans, personal loans and car insurance. GMCU offers an alternative to the big banks for members in Victoria.

See GMCU home loans

Thumbnail icon for loans.com.au

loans.com.au

Smart Booster Home Loan

1.99% p.a.variable for 12 months and then 2.48% p.a. variable

2.47% p.a.

Thumbnail icon for ING

ING

Fixed Rate Loan (with Orange Advantage)

2.04% p.a.
fixed 3 years

3.60% p.a.

Thumbnail icon for UBank

UBank

UHomeLoan (Fixed)

1.85% p.a.
fixed 3 years

2.24% p.a.

Thumbnail icon for Yard

Yard

Variable Home Loan Special

2.09% p.a. variable

2.12% p.a.

Thumbnail icon for Athena

Athena

AcceleRATES Variable Home Loan

2.19% p.a. variable

2.19% p.a.

Thumbnail icon for Macquarie

Macquarie

Basic Home Loan (Fixed)

2.09% p.a.
fixed 3 years

2.43% p.a.

Thumbnail icon for Newcastle Permanent

Newcastle Permanent

Fixed Rate Home Loan (Premium Plus Package)

1.98% p.a.
fixed 3 years

3.56% p.a.

Thumbnail icon for Bank of Queensland

Bank of Queensland

Fixed Rate

1.94% p.a.
fixed 3 years

2.97% p.a.

Thumbnail icon for loans.com.au

loans.com.au

Smart Booster Home Loan

1.99% p.a.variable for 12 months and then 2.48% p.a. variable

2.47% p.a.

Thumbnail icon for ING

ING

Fixed Rate Loan (with Orange Advantage)

2.04% p.a.
fixed 3 years

3.60% p.a.

Thumbnail icon for Athena

Athena

AcceleRATES Variable Home Loan

2.19% p.a. variable

2.19% p.a.

Thumbnail icon for Macquarie

Macquarie

Basic Home Loan (Fixed)

2.19% p.a.
fixed 3 years

2.53% p.a.

Thumbnail icon for UBank

UBank

UHomeLoan (Fixed)

1.85% p.a.
fixed 3 years

2.24% p.a.

Thumbnail icon for Suncorp

Suncorp

Fixed Home Loan (Home Package Plus)

1.99% p.a.
fixed 3 years

2.83% p.a.

Thumbnail icon for UBank

UBank

UHomeLoan - Discount Offer

2.34% p.a. variable

2.34% p.a.

Thumbnail icon for Athena

Athena

AcceleRATES Variable Home Loan

2.29% p.a. variable

2.23% p.a.

Thumbnail icon for loans.com.au

loans.com.au

Smart Booster Home Loan

1.99% p.a.variable for 12 months and then 2.48% p.a.

2.47% p.a.

Thumbnail icon for UBank

UBank

UHomeLoan - Discount Offer

2.34% p.a.

2.34% p.a.

Thumbnail icon for Macquarie

Macquarie

Basic Home Loan

2.64% p.a.

2.64% p.a.

Thumbnail icon for Athena

Athena

AcceleRATES Variable Home Loan

2.19% p.a.

2.19% p.a.

Thumbnail icon for ING

ING

Fixed Rate Loan (with Orange Advantage)

p.a.

3.60% p.a.

Thumbnail icon for 86 400

86 400

Neat Home Loan

2.19% p.a.

2.20% p.a.

Thumbnail icon for HSBC

HSBC

Home Value Loan

2.44% p.a.

2.45% p.a.

Thumbnail icon for Bluestone

Bluestone

Prime Home Loan

2.44% p.a.

2.49% p.a.

Thumbnail icon for loans.com.au

loans.com.au

Fixed Home Loan

1.99% p.a.
fixed 3 years

2.70% p.a.

Thumbnail icon for UBank

UBank

UHomeLoan (Fixed)

1.85% p.a.
fixed 3 years

2.24% p.a.

Thumbnail icon for Bank of Queensland

Bank of Queensland

Fixed Rate

1.94% p.a.
fixed 3 years

2.97% p.a.

Thumbnail icon for Macquarie

Macquarie

Basic Home Loan (Fixed)

2.09% p.a.
fixed 3 years

2.43% p.a.

Thumbnail icon for Well Home Loans

Well Home Loans

Well Balanced Fixed

2.04% p.a.
fixed 3 years

2.17% p.a.

Thumbnail icon for ING

ING

Fixed Rate Loan (with Orange Advantage)

2.04% p.a.
fixed 3 years

3.60% p.a.

Thumbnail icon for Newcastle Permanent

Newcastle Permanent

Fixed Rate Home Loan (Premium Plus Package)

1.98% p.a.
fixed 3 years

3.56% p.a.

Thumbnail icon for Macquarie

Macquarie

Basic Home Loan (Fixed)

2.19% p.a.
fixed 3 years

2.53% p.a.

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.