Northern Inland Credit Union home loans

Northern Inland Credit Union
Northern Inland Credit Union's overall rating for home loans

(as rated by the Mozo community)

7.8 / 10

based on 4 reviews

Northern Inland Credit Union is a local, member-owned organisation. That means that once you’re a member, you’re practically the boss - you have an equal say in how Northern Inland Credit Union is run, you can vote at meetings, and even run for a position on the Board of Directors. So if you want to run your home loan exactly as you like, Northern Inland Credit Union might just be for you.

Rates and fees verified as correct at 09 December, 2016. Other information correct at the time of writing.

What home loans do Northern Inland Credit Union offer?

Fixed Rate Home Loans Fixed Rate Home Loans

Northern Inland Credit Union fixed rate home loans are available for amounts starting at $20,000, up to 95% of a property’s value. You’ll pay an upfront application fee, but the good news is there aren’t any ongoing service costs. As far as features go, you can make use of fee-free repayments up to $10,000 per year, and a free redraw facility, although a minimum amount applies. Tailor your home loan to your needs with weekly, fortnightly or monthly repayments and the option to split between fixed and variable rates. Plus, take out a fixed rate mortgage with Northern Inland Credit Union and you’ll also be able to get your hands on a Visa credit card with reduced interest rates and a bonus gift voucher.

Home loan repayments calculator
years
Product Fixed 3 year rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

4.09% p.a.

5.18% p.a.

$0.00

$600

3.89% p.a.

4.99% p.a.

$0.00

$600

4.29% p.a.

5.24% p.a.

$0.00

$600

4.09% p.a.

5.04% p.a.

$0.00

$600


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Variable Rate Home Loans Variable Rate Home Loans

Opt for a variable rate Basic Home Loan from Northern Inland Credit Union, and you can borrow up to 95% of the property’s value. Loans start from $150,000 and an upfront application and ongoing monthly service fee applies. The variable rate Smart Home Loan offer is also available for loans up to 95% of the property's value, but the minimum amount you can borrow drops down to $20,000 and you’ll only pay an application fee. Both options come with unlimited fee-free extra repayments, and a redraw facility - but while redraws are fee-free with the Smart Home Loan, with the Basic Home Loan each redraw will attract a fee. The Smart Home Loan offer also comes with the use of an offset account and the option to split between fixed and variable rates.

Home loan repayments calculator
years
Product Rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

4.73% p.a.

4.88% p.a.

$10.00 monthly

$500

4.53% p.a.

4.68% p.a.

$10.00 monthly

$500

5.53% p.a.

5.57% p.a.

$0.00

$600

5.33% p.a.

5.37% p.a.

$0.00

$600


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Variable Package Home Loan Variable Package Home Loan

Want a home loan packed full of all the best features? Look no further than the variable rate package home loan offers from Northern Inland Credit Union. Opt for the Dream Value Home Loan Package to get your hands on amounts from $300,000 up to 90% of the property’s value, or the Value Home Loan Package for amounts up to 95% of the property’s value, starting from $250,000. You’ll pay a yearly service fee, and choose between a principal and interest or interest only loan, with weekly, fortnightly or monthly repayments. Plus you can take advantage of a heap of flexible features, including unlimited free additional repayments, fee-free redraws, the use of an offset account and the option to split your loan between variable and fixed rates. As if that’s not enough, you can also cash in on reduced rates on your Northern Inland Credit Union credit card.

Home loan repayments calculator
years
Product Rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

4.29% p.a.

4.64% p.a.

$350.00 yearly

$0

4.09% p.a.

4.44% p.a.

$350.00 yearly

$0

4.19% p.a.

4.54% p.a.

$350.00 yearly

$0

4.04% p.a.

4.39% p.a.

$350.00 yearly

$0

3.99% p.a.

4.34% p.a.

$350.00 yearly

$0

3.84% p.a.

4.20% p.a.

$350.00 yearly

$0

5.03% p.a.

5.36% p.a.

$350.00 yearly

$0

4.88% p.a.

5.22% p.a.

$350.00 yearly

$0

4.73% p.a.

5.07% p.a.

$350.00 yearly

$0

4.58% p.a.

4.92% p.a.

$350.00 yearly

$0

4.83% p.a.

5.17% p.a.

$350.00 yearly

$0

4.68% p.a.

5.02% p.a.

$350.00 yearly

$0

4.53% p.a.

4.87% p.a.

$350.00 yearly

$0

4.38% p.a.

4.73% p.a.

$350.00 yearly

$0


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Northern Inland Credit Union home loan features in a glance

Extra repaymentsExtra repayments

To help pay your home loan off faster, you can make fee free repayments on any Northern Inland Credit Union home loan offer. These additional repayments are unlimited on most offers, but will be capped at $10,000 p.a. on fixed rate mortgages.

Free redrawFree redraw

If you’ve been making extra repayments but suddenly find yourself needing some of those funds back, then you can take advantage of the redraw facility. Although redraws are free on most offers, remember that if you opt for the variable rate Basic Home Loan, you’ll pay a fee each time you redraw money.

Flexible repayment scheduleFlexible repayment schedule

Choose weekly, fortnightly or monthly repayments on any Northern Inland Credit Union home loan to tailor your mortgage repayments to your schedule.

Low depositLow deposit

With the exception of the Dream Value Home Loan Package, Northern Inland Credit Union home loans are available to borrowers with LVRs up to 95%. But remember that having a deposit of less than 20% will often mean having to shell out for lender’s mortgage insurance as well.

How are Northern Inland Credit Union home loans rated?

Here we’ve covered the stats on Northern Inland Credit Union home loans. But what about everything else? Will Northern Inland Credit Union treat you right? Is it a home loan lender you could take home to your mother? Find out with our customer review section.

Northern Inland Credit Union home loans

Overall 7.8*

Price

Features

Customer service

Convenience

Trust

4 Reviews

* Overall rating based on reviews in the past 12 months.

Recent Northern Inland Credit Union home loan reviews Recent Northern Inland Credit Union home loan reviews

Northern Inland Credit Union

Northern Inland Credit Union Basic Home Loan (Owner Occupier) home loan review

Overall rating   10 / 10

Competitive premiums.

Locals and friendly service.

Full review

Locals and friendly service.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

John (NSW), reviewed about 1 year ago

Northern Inland Credit Union

Northern Inland Credit Union Smart Home Loan (Owner Occupier) home loan review

Overall rating   10 / 10

Great services for all your banking needs!

I would just like to say that for a small financial institution they are big on everything to making sure they satisfy every need you have!

Full review

I would just like to say that for a small financial institution they are big on everything to making sure they satisfy every need you have!

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Elizabeth (NSW), reviewed almost 2 years ago

Northern Inland Credit Union

Northern Inland Credit Union home loan review

Overall rating   8 / 10

Exceptional service

They are regionally based with a customer service team who know each client and their needs. They go above and beyond to ensure you are being serviced correctly. I also like the personal touches such as delivering quotes to my work place to save...

Full review

They are regionally based with a customer service team who know each client and their needs. They go above and beyond to ensure you are being serviced correctly. I also like the personal touches such as delivering quotes to my work place to save me time.

    Price   7 / 10

    Features   7 / 10

    Customer service   9 / 10

    Convenience   9 / 10

    Trust   9 / 10

Less

Zoe (NSW), reviewed over 2 years ago

Northern Inland Credit Union

Northern Inland Credit Union home loan review

Overall rating   10 / 10

It is a very good place to go for customer service

I like this bank because of the trust I have with them and their help and attitude is so welcoming it is easy to talk to them and get information from them when needed and it is given with a way that is easy to understand and always helpful.

Full review

I like this bank because of the trust I have with them and their help and attitude is so welcoming it is easy to talk to them and get information from them when needed and it is given with a way that is easy to understand and always helpful.

    Price   9 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Mozo reviewer (NSW), reviewed over 3 years ago

Northern Inland Credit Union

Northern Inland Credit Union home loan review

Overall rating   10 / 10

Good rates, low fees and fantastic service.

I have been a member of this Credit Union for 45 years and have had nothing but incredible service from all of their staff. Customers are treated like people, not numbers and they have always "gone the extra mile" for us.

Full review

I have been a member of this Credit Union for 45 years and have had nothing but incredible service from all of their staff. Customers are treated like people, not numbers and they have always "gone the extra mile" for us.

    Price   10 / 10

    Features   6 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Jacqueline (NSW), reviewed almost 4 years ago

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Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

* The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a home loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years, and applies only to this example. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

‡ Results from this calculation are estimates only as individual lenders apply different formulas. Actual repayments will depend on your individual circumstances and interest rate changes.

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.

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

To apply for a mortgage with Northern Inland Credit Union, you’ll need to either call and set up an appointment, or fill in an online enquiry form to have a representative call you. You don’t need to be a member at this point, but you will need to become one before actually taking out the loan - which means visiting a branch with your I.D. and buying a member share for $10.

In the first step of applying, you’ll just need your personal details and elect a preferred branch, but later on, make sure you have details on hand, such as:

  • Your employment and salary
  • Debts, assets and living expenses
  • Information on the property you’re buying
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