Interest rate are low. They keep an eye out for suspicious transactions. Give great financial advice. Only thing that I'm not happy about is that it is a bit difficult to send money to a few countries overseas to family so we don’t use them for that.
I left a major bank to become a member, they gave me my home loan and I had never banked with them before. Their rates are on par with the other lenders, but their customer service rates are so much higher than the banks. They know you by name and take an interest in you, nothing is ever an effort. All my family and friends now bank with them.
My bank is always there for me, continuous help and kindness, friendly staff who actually know who I am. Even now and then we will receive a hello phone call just to see how we are going. Exceptional :)
Mozo community reviewer, New South Wales, reviewed almost 7 years ago
Sydney Mutual Bank review
Overall rating 8 / 10
Best customer service I have ever received.
Pros - product is easy to manage on line and very self explanatory. No penalties if paid out early and can make extra payments easily online. Good interest rate. 5 star customer service and questions are answered openly. Product is presented honestly. Cons - have to pay $100 to access drawdown facility to access my own money!!! Don't pass on the full interest rate cuts.
SCU has very competitive home loan packages. Their interest rates are only put up according to the Reserve Bank's guideline and letters are always sent out stating new rate and giving you a start date instead of immediately raising of your mortgage as a lot of the major banks do. Staff are always very friendly and a my branch is small, they always greet me by name, which I find very customer friendly. I would say there are no cons as far as I am concerned.
Dacia, New South Wales, reviewed almost 11 years ago
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Home loan comparisons on Mozo - rates updated daily
Smart Booster 1 Year Discount Variable Home Loan
1.99% p.a.variable for 12 months and then 2.57% p.a.variable
*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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