Southern Cross Credit Union Basic Home Loan
This product is available in different versions. Pick the right version for you here.
The details shown below are for an owner occupier taking out a principal & interest loan between $10,000 and $400,000 with an LVR below 80%
The details shown below are for an investor taking out a principal & interest loan between $10,000 and $400,000 with an LVR below 80%
The details shown below are for an investor taking out a interest only loan between $10,000 and $400,000 with an LVR below 80%
Choose the version of this loan that suits you best
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
| | Owner Occupier | Principal & Interest | < 80% | $10,000 | $400,000 |
| | Investor | Principal & Interest | < 80% | $10,000 | $400,000 |
| | Investor | Interest Only | < 80% | $10,000 | $400,000 |
-
Owner Occupier (Principal & Interest)
LVR < 80%
Loan: $10,000 $400,000
-
Investor (Principal & Interest)
LVR < 80%
Loan: $10,000 $400,000
-
Investor (Interest Only)
LVR < 80%
Loan: $10,000 $400,000
3.33% p.a.
3.43% p.a.
$0.00
Southern Cross Credit Union Basic Home Loan
3.33% p.a.
3.43% p.a.
$0.00
Southern Cross Credit Union Basic Home Loan
3.33% p.a.
3.43% p.a.
$0.00
3.63% p.a.
3.73% p.a.
$0.00
Southern Cross Credit Union Basic Home Loan
3.63% p.a.
3.73% p.a.
$0.00
Southern Cross Credit Union Basic Home Loan
3.63% p.a.
3.73% p.a.
$0.00
3.93% p.a.
4.03% p.a.
$0.00
Southern Cross Credit Union Basic Home Loan
3.93% p.a.
4.03% p.a.
$0.00
Southern Cross Credit Union Basic Home Loan
3.93% p.a.
4.03% p.a.
$0.00
Mozo Review Southern Cross Credit Union Basic Home Loan Review
Last updated: 4 November 2019.
What's hot:
Low 3.33% variable rate (3.43% comparison rate*)
Free extra repayments
Zero ongoing service fee
2019 Mozo Experts Choice Award
What's not:
$430 legal fee
$300 discharge fee
Mozo snapshot:
With a competitive 3.33% variable interest rate (3.43% comparison rate*) and no ongoing service fees to worry about throughout the life of the loan, Southern Cross Credit Union’s Basic Home Loan could be the mortgage you’ve been waiting for. The loan even comes with the ability to make extra repayments for free and it's a 2019 Mozo Experts Choice Award winner! Not bad, eh?
Key features:
An interest rate can really make or break a home loan. But with a low variable rate of 3.33% (3.43% comparison rate*) for owner occupiers making principal and interest repayments and 3.63% (3.73% comparison rate*) for investors, the Basic Home Loan from Southern Cross Credit Union really delivers.
When it comes to borrowing, both owner occupiers and investors will be able to take out a loan between $10,000 and $400,000 with a maximum LVR of 80% (meaning a deposit of at least 20% is needed). And while this is a variable rate loan, there is a split account option which means you’ll be able to split the Basic Home Loan into two parts - one with a variable rate and the other with a fixed rate.
Southern Cross Credit Union also gives it’s Basic Home Loan customers access to a number of handy features including the opportunity to get on top of their loan by making extra repayments (for fee) and to tap into any extra repayments which are made through the online redraw facility ($10 fee per redraw).
When it comes to the other costs associated with the Basic Home Loan, Southern Cross Credit Union doesn’t charge an application fee or any ongoing service fees. However, borrowers may need to pay a legal fee ($430), valuation fee ($300) and settlement fee ($150) at the start of the loan, as well as a discharge fee ($300) once the loan is paid out in full.
Who it's good for:
The Basic Home Loan from Southern Cross Credit Union with it’s competitive rates could be a great value option for both owner occupiers and investors alike, especially for those looking for a split rate option or the chance to make free extra repayments.
Any catches?
While the Basic Home Loan doesn’t come with any application or ongoing service fees, there are a number of other costs (including legal, valuation, settlement and discharge fees) that borrowers will need to take into account.
Details
Rates and fees information correct as at 9 December 2019. 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
-
3.33% p.a.
-
n/a
-
n/a
-
n/a
-
3.43% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$699.00
-
$430.00
-
$300.00
-
$0.00
-
n/a
-
$0.00
-
$300.00
Other financial bits
-
$10,000
-
$400,000
-
none
-
80.00%
Features
-
Owner Occupier
-
Principal & Interest
-
Weekly, Fortnightly, Monthly
-
yes - free
-
no
-
yes - fees apply
-
$0.00
-
yes
-
no
-
none
-
none
-
none
Details
Rates and fees information correct as at 9 December 2019. 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
-
3.63% p.a.
-
n/a
-
n/a
-
n/a
-
3.73% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$699.00
-
$430.00
-
$300.00
-
$0.00
-
n/a
-
$0.00
-
$300.00
Other financial bits
-
$10,000
-
$400,000
-
none
-
80.00%
Features
-
Investor
-
Principal & Interest
-
Weekly, Fortnightly, Monthly
-
yes - free
-
no
-
yes - fees apply
-
$0.00
-
yes
-
no
-
none
-
none
-
none
Details
Rates and fees information correct as at 9 December 2019. 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
-
3.93% p.a.
-
n/a
-
n/a
-
n/a
-
4.03% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$699.00
-
$430.00
-
$300.00
-
$0.00
-
n/a
-
$0.00
-
$300.00
Other financial bits
-
$10,000
-
$400,000
-
none
-
80.00%
Features
-
Investor
-
Interest Only
-
Weekly, Fortnightly, Monthly
-
yes - free
-
no
-
yes - fees apply
-
$0.00
-
yes
-
no
-
none
-
none
-
none
Customer Reviews
How are Southern Cross Credit Union home loans rated by the Mozo community?
About Southern Cross Credit Union
Southern Cross Credit Union has a range of financial products and services for its members. Southern Cross offers an extensive range of products in home, personal, business and investment loans, low doc loans, a range of debit card options, savings accounts, term deposits and insurance products for its members.
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