8.2 / 10

based on 79 reviews as rated by Mozo community

Southern Cross Credit Union home loans

Southern Cross Credit Union home loans offer a range of packages for different needs, including the award-winning Basic Home Loan which took out a 2019 Mozo Experts Choice Award in the best Investor Home Loan category. 

Check out our range of home loans for an overview of interest rates, fees and more. Or you can compare with our home loan comparison tools.

What home loans do Southern Cross Credit Union offer?

Rates and fees verified as correct at 20 January, 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 ‡

2.29% p.a.

3.49% p.a.

$400.00 yearly

$650

2.49% p.a.

4.05% p.a.

$0.00

$650

2.89% p.a.

4.15% p.a.

$400.00 yearly

$650

2.69% p.a.

3.88% p.a.

$400.00 yearly

$650

2.99% p.a.

4.75% p.a.

$0.00

$650

2.79% p.a.

4.41% p.a.

$0.00

$650

Variable Rate Home Loans

Home loan repayments calculator

years

Product Rate Comparison Rate Service fee Upfront fee Monthly repayments ‡

3.03% p.a.

3.08% p.a.

$0.00

$650

3.33% p.a.

3.38% p.a.

$0.00

$650

2.78% p.a.

2.83% p.a.

$0.00

$650

2.98% p.a.

3.03% p.a.

$0.00

$650

3.28% p.a.

3.33% p.a.

$0.00

$650

4.53% p.a.

4.58% p.a.

$0.00

$650

3.73% p.a.

3.78% p.a.

$0.00

$650

3.93% p.a.

3.98% p.a.

$0.00

$650

3.43% p.a.

3.48% p.a.

$0.00

$650

3.63% p.a.

3.68% p.a.

$0.00

$650

3.28% p.a.

3.33% p.a.

$0.00

$650

3.48% p.a.

3.53% p.a.

$0.00

$650

3.08% p.a.

3.13% p.a.

$0.00

$650

3.28% p.a.

3.33% p.a.

$0.00

$650

3.98% p.a.

4.03% p.a.

$0.00

$650

3.68% p.a.

3.73% p.a.

$0.00

$650

5.33% p.a.

5.38% p.a.

$0.00

$650

4.93% p.a.

4.98% p.a.

$0.00

$650

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.

‡ 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.

How are Southern Cross Credit Union home loans rated?

Mozo users have rated Southern Cross 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
Southern Cross Credit Union home loans
Overall
6.3/10
Price
Features
Customer service
Convenience
Trust

7 Reviews

Recent Southern Cross Credit Union home loan reviews

Southern Cross Credit Union Home Loan review
Overall 1/10
Lack customer focus and don't match market rates.

I had a sizeable home loan (over $500k) with Southern Cross Credit Union. When I queried why they were not matching market rates and passing on the full rate reductions, I was told to shop around and get something in writing from another provider to then provide to them and they would consider it! I did and moved on. Don't go there.

Read full review

I had a sizeable home loan (over $500k) with Southern Cross Credit Union. When I queried why they were not matching market rates and passing on the full rate reductions, I was told to shop around and get something in writing from another provider to then provide to them and they would consider it! I did and moved on. Don't go there.

Price
1/10
Customer service
1/10
Trust
1/10
Less
Robert, Queensland, reviewed 3 months ago
Southern Cross Credit Union Basic Home Loan review
Overall 2/10
I wouldn't recommend SCCU

They encouraged me to swap from Westpac because their rates were "so much better". They have passed on less than 35 percent of the reserve bank interest cuts and I had to beg for those. Don' t make the same mistake.

Read full review

They encouraged me to swap from Westpac because their rates were "so much better". They have passed on less than 35 percent of the reserve bank interest cuts and I had to beg for those. Don' t make the same mistake.

Price
2/10
Features
2/10
Customer service
6/10
Convenience
3/10
Trust
1/10
Less
Robyn, New South Wales, reviewed 9 months ago
Southern Cross Credit Union Standard Home Loan review
Overall 4/10
I wouldn't recommend SCCU.

When we first moved to SCCU, I negotiated a very good rate and they promised us good rates and that they would look after us. Since then SCCU has absorbed for themselves well over 50 percent of the reserve bank interest rate reductions instead of passing them on to us. They don't seem to have any system whereby the rates are passed directly on to the customer. You have go call the BBC bank a week after the reserve bank cut to ask why your rate hasnt dropped. On one recent Reserve bank cut they passed on 0 percent of the cut to me. I would not recommend SCCU.

Read full review

When we first moved to SCCU, I negotiated a very good rate and they promised us good rates and that they would look after us. Since then SCCU has absorbed for themselves well over 50 percent of the reserve bank interest rate reductions instead of passing them on to us. They don't seem to have any system whereby the rates are passed directly on to the customer. You have go call the BBC bank a week after the reserve bank cut to ask why your rate hasnt dropped. On one recent Reserve bank cut they passed on 0 percent of the cut to me. I would not recommend SCCU.

Price
4/10
Features
5/10
Customer service
5/10
Convenience
8/10
Trust
3/10
Less
Robyn, New South Wales, reviewed 10 months ago
Southern Cross Credit Union Home Loan review
Overall 10/10

The management and staff are very helpful and understanding. They all seem to go the extra yard to make sure we can continue business with them. I highly recommend them.

Read full review

The management and staff are very helpful and understanding. They all seem to go the extra yard to make sure we can continue business with them. I highly recommend them.

Price
9/10
Features
8/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Tony, New South Wales, reviewed about 10 years ago
Southern Cross Credit Union Home Loan review
Overall 7/10

For me this product is perfect. The service at teh credit union is very friendly and personal so you can speak directly to the bank manager (an actual person) whenever you need to and they are very informed and competitive.

Read full review

For me this product is perfect. The service at teh credit union is very friendly and personal so you can speak directly to the bank manager (an actual person) whenever you need to and they are very informed and competitive.

Price
5/10
Features
4/10
Customer service
8/10
Convenience
8/10
Trust
8/10
Less
Claudia, New South Wales, reviewed over 10 years ago

What do you need to apply for a Southern Cross Credit Union 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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