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

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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.

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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. 

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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.

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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 20 September 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

Monthly

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 20 September 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

Monthly

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.

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About GMCU

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.