The details shown below are for an owner occupier taking out a principal & interest loan of at least $250,000 with an LVR below 80%
The details shown below are for an owner occupier taking out a principal & interest loan of at least $250,000 with an LVR below 80%
The details shown below are for an owner occupier taking out a principal & interest loan of at least $250,000 with an LVR below 95%
The details shown below are for an owner occupier taking out a principal & interest loan of at least $250,000 with an LVR below 95%
The details shown below are for an investor taking out a principal & interest loan of at least $250,000 with an LVR below 80%
The details shown below are for an investor taking out a principal & interest loan of at least $250,000 with an LVR below 80%
The details shown below are for an investor taking out a principal & interest loan of at least $250,000 with an LVR below 95%
The details shown below are for an investor taking out a interest only loan of at least $250,000 with an LVR below 80%
The details shown below are for an investor taking out a principal & interest loan of at least $250,000 with an LVR below 95%
The details shown below are for an investor taking out a interest only loan of at least $250,000 with an LVR below 80%
The details shown below are for an investor taking out a interest only loan of at least $250,000 with an LVR below 95%
The details shown below are for an investor taking out a interest only loan of at least $250,000 with an LVR below 95%
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% | $250,000 | |
| | Owner Occupier | Principal & Interest | < 80% | $250,000 | |
| | Owner Occupier | Principal & Interest | 80%-95% | $250,000 | |
| | Owner Occupier | Principal & Interest | 80%-95% | $250,000 | |
| | Investor | Principal & Interest | < 80% | $250,000 | |
| | Investor | Principal & Interest | < 80% | $250,000 | |
| | Investor | Principal & Interest | 80%-95% | $250,000 | |
| | Investor | Interest Only | < 80% | $250,000 | |
| | Investor | Principal & Interest | 80%-95% | $250,000 | |
| | Investor | Interest Only | < 80% | $250,000 | |
| | Investor | Interest Only | 80%-95% | $250,000 | |
| | Investor | Interest Only | 80%-95% | $250,000 |
Owner Occupier (Principal & Interest)
LVR < 80%
Loan: $250,000
Owner Occupier (Principal & Interest)
LVR < 80%
Loan: $250,000
Owner Occupier (Principal & Interest)
LVR 80%-95%
Loan: $250,000
Owner Occupier (Principal & Interest)
LVR 80%-95%
Loan: $250,000
Investor (Principal & Interest)
LVR < 80%
Loan: $250,000
Investor (Principal & Interest)
LVR < 80%
Loan: $250,000
Investor (Principal & Interest)
LVR 80%-95%
Loan: $250,000
Investor (Interest Only)
LVR < 80%
Loan: $250,000
Investor (Principal & Interest)
LVR 80%-95%
Loan: $250,000
Investor (Interest Only)
LVR < 80%
Loan: $250,000
Investor (Interest Only)
LVR 80%-95%
Loan: $250,000
Investor (Interest Only)
LVR 80%-95%
Loan: $250,000
With a competitive 2.78% variable interest rate (2.83% 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!
An interest rate can really make or break a home loan. But with a low variable rate of 2.78% (2.88% comparison rate*) for owner occupiers making principal and interest repayments and 3.08% (3.13% 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 ($220), settlement fee ($150) and an establishment fee ($699) at the start of the loan, as well as a discharge fee ($300) once the loan is paid out in full.
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.
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.
2.78% p.a.
n/a
n/a
n/a
2.83% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$699.00
$430.00
$220.00
$0.00
n/a
$0.00
$300.00
$250,000
none
none
80.00%
Owner Occupier
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
no
yes - fees apply
$0.00
yes
no
Special Offer Variable Rate available to new business only.
none
none
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.
3.03% p.a.
n/a
n/a
n/a
3.08% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$699.00
$430.00
$220.00
$0.00
n/a
$0.00
$300.00
$250,000
none
none
80.00%
Owner Occupier
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
no
yes - fees apply
$0.00
yes
no
none
none
none
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.
2.98% p.a.
n/a
n/a
n/a
3.03% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$699.00
$430.00
$220.00
$0.00
n/a
$0.00
$300.00
$250,000
none
80.00%
95.00%
Owner Occupier
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
no
yes - fees apply
$0.00
yes
no
Special Offer Variable Rate available to new business only.
none
none
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.
3.33% p.a.
n/a
n/a
n/a
3.38% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$699.00
$430.00
$220.00
$0.00
n/a
$0.00
$300.00
$250,000
none
80.00%
95.00%
Owner Occupier
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
no
yes - fees apply
$0.00
yes
no
none
none
none
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.
3.08% p.a.
n/a
n/a
n/a
3.13% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$699.00
$430.00
$220.00
$0.00
n/a
$0.00
$300.00
$250,000
none
none
80.00%
Investor
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
no
yes - fees apply
$0.00
yes
no
Special Offer Variable Rate available to new business only.
none
none
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.
3.43% p.a.
n/a
n/a
n/a
3.48% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$699.00
$430.00
$220.00
$0.00
n/a
$0.00
$300.00
$250,000
none
none
80.00%
Investor
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
no
yes - fees apply
$0.00
yes
no
none
none
none
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.
3.63% p.a.
n/a
n/a
n/a
3.68% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$699.00
$430.00
$220.00
$0.00
n/a
$0.00
$300.00
$250,000
none
80.00%
95.00%
Investor
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
no
yes - fees apply
$0.00
yes
no
none
none
none
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.
3.28% p.a.
n/a
n/a
n/a
3.33% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$699.00
$430.00
$220.00
$0.00
n/a
$0.00
$300.00
$250,000
none
none
80.00%
Investor
Interest Only
Weekly, Fortnightly, Monthly
yes - free
no
yes - fees apply
$0.00
yes
no
Special Offer Variable Rate available to new business only.
none
none
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.
3.28% p.a.
n/a
n/a
n/a
3.33% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$699.00
$430.00
$220.00
$0.00
n/a
$0.00
$300.00
$250,000
none
80.00%
95.00%
Investor
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
no
yes - fees apply
$0.00
yes
no
Special Offer Variable Rate available to new business only.
none
none
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.
3.73% p.a.
n/a
n/a
n/a
3.78% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$699.00
$430.00
$220.00
$0.00
n/a
$0.00
$300.00
$250,000
none
none
80.00%
Investor
Interest Only
Weekly, Fortnightly, Monthly
yes - free
no
yes - fees apply
$0.00
yes
no
none
none
none
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.
3.48% p.a.
n/a
n/a
n/a
3.53% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$699.00
$430.00
$220.00
$0.00
n/a
$0.00
$300.00
$250,000
none
80.00%
95.00%
Investor
Interest Only
Weekly, Fortnightly, Monthly
yes - free
no
yes - fees apply
$0.00
yes
no
Special Offer Variable Rate available to new business only.
none
none
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.
3.93% p.a.
n/a
n/a
n/a
3.98% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$699.00
$430.00
$220.00
$0.00
n/a
$0.00
$300.00
$250,000
none
80.00%
95.00%
Investor
Interest Only
Weekly, Fortnightly, Monthly
yes - free
no
yes - fees apply
$0.00
yes
no
none
none
none
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.
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.
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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1.84% p.a.
$0.00
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.
