Rates and fees verified as correct at 20 January, 2021. Other information correct at the time of writing. Advertiser disclosure.
| 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 |
| 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.
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.
7 Reviews
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 reviewI 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.
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 reviewThey 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.
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 reviewWhen 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.
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 reviewThe 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.
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 reviewFor 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.
