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Southern Cross Credit Union Basic Home Loan

Advertiser disclosure

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 60%

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 investor 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 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 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 60%

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 interest only loan of at least $250,000 with an LVR below 60%

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 80%

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%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR 80%-95%

    Loan: $250,000

  • Owner Occupier (Principal & Interest)

    LVR < 60%

    Loan: $250,000

  • Owner Occupier (Principal & Interest)

    LVR 60%-80%

    Loan: $250,000

  • Owner Occupier (Principal & Interest)

    LVR < 80%

    Loan: $250,000

  • Investor (Principal & Interest)

    LVR 60%-80%

    Loan: $250,000

  • Owner Occupier (Principal & Interest)

    LVR 80%-95%

    Loan: $250,000

  • Investor (Principal & Interest)

    LVR 80%-95%

    Loan: $250,000

  • Investor (Principal & Interest)

    LVR 80%-95%

    Loan: $250,000

  • Investor (Principal & Interest)

    LVR < 60%

    Loan: $250,000

  • Investor (Principal & Interest)

    LVR < 80%

    Loan: $250,000

  • Investor (Interest Only)

    LVR < 60%

    Loan: $250,000

  • Investor (Interest Only)

    LVR 80%-95%

    Loan: $250,000

  • Investor (Interest Only)

    LVR 60%-80%

    Loan: $250,000

  • Investor (Interest Only)

    LVR < 80%

    Loan: $250,000

  • Investor (Interest Only)

    LVR 80%-95%

    Loan: $250,000

Rate
2.68% p.a.
Comparison Rate
2.69% p.a.
Service fee
$0.00
Upfront fee
$730
Rate
2.48% p.a.
Comparison Rate
2.49% p.a.
Service fee
$0.00
Upfront fee
$730
Rate
2.48% p.a.
Comparison Rate
2.49% p.a.
Service fee
$0.00
Upfront fee
$730
Rate
3.03% p.a.
Comparison Rate
3.08% p.a.
Service fee
$0.00
Upfront fee
$730
Rate
2.68% p.a.
Comparison Rate
2.69% p.a.
Service fee
$0.00
Upfront fee
$730
Rate
3.33% p.a.
Comparison Rate
3.38% p.a.
Service fee
$0.00
Upfront fee
$730
Rate
3.63% p.a.
Comparison Rate
3.68% p.a.
Service fee
$0.00
Upfront fee
$730
Rate
2.88% p.a.
Comparison Rate
2.89% p.a.
Service fee
$0.00
Upfront fee
$730
Rate
2.68% p.a.
Comparison Rate
2.69% p.a.
Service fee
$0.00
Upfront fee
$730
Rate
3.43% p.a.
Comparison Rate
3.48% p.a.
Service fee
$0.00
Upfront fee
$730
Rate
2.98% p.a.
Comparison Rate
2.99% p.a.
Service fee
$0.00
Upfront fee
$730
Rate
3.18% p.a.
Comparison Rate
3.19% p.a.
Service fee
$0.00
Upfront fee
$730
Rate
2.98% p.a.
Comparison Rate
2.99% p.a.
Service fee
$0.00
Upfront fee
$730
Rate
3.73% p.a.
Comparison Rate
3.78% p.a.
Service fee
$0.00
Upfront fee
$730
Rate
3.93% p.a.
Comparison Rate
3.98% p.a.
Service fee
$0.00
Upfront fee
$730

Mozo editorial review Southern Cross Credit Union Basic Home Loan - last updated: 1 November 2021

binocular icon
What's hot
  • Low 2.48% p.a. variable rate (2.49% p.a. comparison rate*) for 80% LVR loans
  • Free extra repayments
  • Zero ongoing service fee
  • $0 establishment fee on new home loans until November 30 2021
What's not
  • $430 legal fee
  • $300 discharge fee
Mozo snapshot

With a competitive 2.48% p.a. variable interest rate (2.49% p.a. comparison rate*) on 80% LVR loans and no ongoing service fees to worry about, 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! SCCU are also offering a $0 establishment fee on new home loans until December 31.

key icon
Key features

An interest rate can really make or break a home loan. But the Basic Home Loan from Southern Cross Credit Union really delivers, offering owner occupiers low variable rates of 2.48% p.a. (2.49% p.a. comparison rate*) on 80% and 60% LVR loans.

SCCU also gives its Basic Home Loan customers access to a number of handy features, including the opportunity to get on top of their loan by making free extra repayments, along with retrieve any extra repayments through the online redraw facility ($10 fee per redraw).

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.

SCCU 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 a settlement fee ($150) at the start of the loan, as well as a discharge fee ($300) once the loan is paid out in full. SCCU are currently offering a $0 establishment fee on new home loans until November 30.

snapshot
Who is it good for

The Basic Home Loan from Southern Cross Credit Union with its 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.

question icon
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 3 December 2021. 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

2.68% p.a.

n/a

n/a

n/a

2.69% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a
Fees

$0.00

$430.00

$300.00

$0.00

n/a

$0.00

$300.00
Other financial bits

$250,000

none

80.00%

95.00%
Features

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.

$699 establishment fee waived for new home loan applications until 31 December 2021.

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.

Details

Rates and fees information correct as at 3 December 2021. 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

2.48% p.a.

n/a

n/a

n/a

2.49% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a
Fees

$0.00

$430.00

$300.00

$0.00

n/a

$0.00

$300.00
Other financial bits

$250,000

none

none

60.00%
Features

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.

$699 establishment fee waived for new home loan applications until 31 December 2021.

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.

Details

Rates and fees information correct as at 3 December 2021. 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

2.48% p.a.

n/a

n/a

n/a

2.49% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a
Fees

$0.00

$430.00

$300.00

$0.00

n/a

$0.00

$300.00
Other financial bits

$250,000

none

60.00%

80.00%
Features

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.

$699 establishment fee waived for new home loan applications until 31 December 2021.

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.

Details

Rates and fees information correct as at 3 December 2021. 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

3.03% 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
Fees

$0.00

$430.00

$300.00

$0.00

n/a

$0.00

$300.00
Other financial bits

$250,000

none

none

80.00%
Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

no

yes - fees apply

$0.00

yes

no

none

$699 establishment fee waived for new home loan applications until 31 December 2021.

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.

Details

Rates and fees information correct as at 3 December 2021. 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

2.68% p.a.

n/a

n/a

n/a

2.69% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a
Fees

$0.00

$430.00

$300.00

$0.00

n/a

$0.00

$300.00
Other financial bits

$250,000

none

60.00%

80.00%
Features

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.

$699 establishment fee waived for new home loan applications until 31 December 2021.

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.

Details

Rates and fees information correct as at 3 December 2021. 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

3.38% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a
Fees

$0.00

$430.00

$300.00

$0.00

n/a

$0.00

$300.00
Other financial bits

$250,000

none

80.00%

95.00%
Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

no

yes - fees apply

$0.00

yes

no

none

$699 establishment fee waived for new home loan applications until 31 December 2021.

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.

Details

Rates and fees information correct as at 3 December 2021. 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

3.68% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a
Fees

$0.00

$430.00

$300.00

$0.00

n/a

$0.00

$300.00
Other financial bits

$250,000

none

80.00%

95.00%
Features

Investor

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

no

yes - fees apply

$0.00

yes

no

none

$699 establishment fee waived for new home loan applications until 31 December 2021.

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.

Details

Rates and fees information correct as at 3 December 2021. 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

2.88% p.a.

n/a

n/a

n/a

2.89% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a
Fees

$0.00

$430.00

$300.00

$0.00

n/a

$0.00

$300.00
Other financial bits

$250,000

none

80.00%

95.00%
Features

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.

$699 establishment fee waived for new home loan applications until 31 December 2021.

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.

Details

Rates and fees information correct as at 3 December 2021. 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

2.68% p.a.

n/a

n/a

n/a

2.69% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a
Fees

$0.00

$430.00

$300.00

$0.00

n/a

$0.00

$300.00
Other financial bits

$250,000

none

none

60.00%
Features

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.

$699 establishment fee waived for new home loan applications until 31 December 2021.

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.

Details

Rates and fees information correct as at 3 December 2021. 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

3.43% 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
Fees

$0.00

$430.00

$300.00

$0.00

n/a

$0.00

$300.00
Other financial bits

$250,000

none

none

80.00%
Features

Investor

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

no

yes - fees apply

$0.00

yes

no

none

$699 establishment fee waived for new home loan applications until 31 December 2021.

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.

Details

Rates and fees information correct as at 3 December 2021. 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

2.98% p.a.

n/a

n/a

n/a

2.99% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a
Fees

$0.00

$430.00

$300.00

$0.00

n/a

$0.00

$300.00
Other financial bits

$250,000

none

none

60.00%
Features

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.

$699 establishment fee waived for new home loan applications until 31 December 2021.

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.

Details

Rates and fees information correct as at 3 December 2021. 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

3.18% p.a.

n/a

n/a

n/a

3.19% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a
Fees

$0.00

$430.00

$300.00

$0.00

n/a

$0.00

$300.00
Other financial bits

$250,000

none

80.00%

95.00%
Features

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.

$699 establishment fee waived for new home loan applications until 31 December 2021.

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.

Details

Rates and fees information correct as at 3 December 2021. 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

2.98% p.a.

n/a

n/a

n/a

2.99% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a
Fees

$0.00

$430.00

$300.00

$0.00

n/a

$0.00

$300.00
Other financial bits

$250,000

none

60.00%

80.00%
Features

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.

$699 establishment fee waived for new home loan applications until 31 December 2021.

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.

Details

Rates and fees information correct as at 3 December 2021. 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

3.73% 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
Fees

$0.00

$430.00

$300.00

$0.00

n/a

$0.00

$300.00
Other financial bits

$250,000

none

none

80.00%
Features

Investor

Interest Only

Weekly, Fortnightly, Monthly

yes - free

no

yes - fees apply

$0.00

yes

no

none

$699 establishment fee waived for new home loan applications until 31 December 2021.

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.

Details

Rates and fees information correct as at 3 December 2021. 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

3.98% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a
Fees

$0.00

$430.00

$300.00

$0.00

n/a

$0.00

$300.00
Other financial bits

$250,000

none

80.00%

95.00%
Features

Investor

Interest Only

Weekly, Fortnightly, Monthly

yes - free

no

yes - fees apply

$0.00

yes

no

none

$699 establishment fee waived for new home loan applications until 31 December 2021.

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.

Customer Reviews

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Overall
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Features
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Convenience
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Based on 7 Southern Cross Credit Union home loan reviews

Latest review of Southern Cross Credit Union Basic Home Loan

About Southern Cross Credit Union

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.

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