8.3 / 10

based on 52 Northern Inland Credit Union reviews as rated by Mozo community

Northern Inland Credit Union home loans

Northern Inland Credit Union was formed in 1988 with the merger of Namoi Credit Union, Oxley Mutual Credit Union and Tamworth Community Credit Union. It’s a local, member-owned organisation, which means customers have the right to vote at meetings and for the election of Board Directors. It offers a wide range of banking products and services, including home loans, insurance, and financial planning advice.

What home loans do Northern Inland Credit Union offer?

Rates and fees verified as correct at 14 April, 2021. Other information correct at the time of writing. Advertiser disclosure.

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

2.79% p.a.

4.60% p.a.

$8.00 monthly

$600

2.29% p.a.

3.65% p.a.

$8.00 monthly

$600

2.99% p.a.

4.65% p.a.

$8.00 monthly

$600

2.79% p.a.

3.78% p.a.

$8.00 monthly

$600

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

4.27% p.a.

4.43% p.a.

$10.00 monthly

$500

2.95% p.a.variable for 36 months and then 3.93% p.a.

3.82% p.a.

$8.00 monthly

$600

2.95% p.a.variable for 60 months and then 3.93% p.a.

3.68% p.a.

$8.00 monthly

$600

5.07% p.a.

5.21% p.a.

$8.00 monthly

$600

4.27% p.a.

4.43% p.a.

$10.00 monthly

$500

3.43% p.a.variable for 36 months and then 3.93% p.a.

3.94% p.a.

$8.00 monthly

$600

5.07% p.a.

5.21% p.a.

$8.00 monthly

$600

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

1.89% p.a.

2.28% p.a.

$350.00 yearly

$0

2.79% p.a.

3.17% p.a.

$350.00 yearly

$0

3.83% p.a.

4.19% p.a.

$350.00 yearly

$0

3.18% p.a.

3.55% p.a.

$350.00 yearly

$0

3.83% p.a.

4.19% p.a.

$350.00 yearly

$0

3.18% p.a.

3.55% p.a.

$350.00 yearly

$0

Northern Inland Credit Union home loan features in a glance

Repayment Icon

Extra 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 icon

Free 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.

Schedule icon

Flexible repayment schedule

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

Deposit icon

Low 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?

Mozo users have rated Northern Inland Credit Union 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
Northern Inland Credit Union home loans
Overall
8.2/10
Price
Features
Customer service
Convenience
Trust

9 Reviews

Recent Northern Inland Credit Union home loan reviews

Northern Inland Credit Union Home Loan review
Overall 10/10
Competitive premiums and great customer.

The best service ever.

Read full review

The best service ever.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Tracey, New South Wales, reviewed over 1 year ago
Northern Inland Credit Union Basic Home Loan review
Overall 10/10
Competitive premiums.

Locals and friendly service.

Read full review

Locals and friendly service.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
John, New South Wales, reviewed over 5 years ago
Northern Inland Credit Union Smart Home Loan review
Overall 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!

Read 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, New South Wales, reviewed about 6 years ago
Northern Inland Credit Union Home Loan review
Overall 3/10
Not competeive

Wouldmlikebto further myninvestement portfolio but dont offer any advice. Goodninterestvrates

Read full review

Wouldmlikebto further myninvestement portfolio but dont offer any advice. Goodninterestvrates

Price
0/10
Features
3/10
Customer service
7/10
Convenience
6/10
Trust
2/10
Less
Lisa, New South Wales, reviewed over 6 years ago
Northern Inland Credit Union Home Loan review
Overall 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 me time.

Read 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, New South Wales, reviewed over 6 years ago

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

Home loan quick links