1Only first home buyers are eligible for “The Savvy First Home Buyer Loan” which offers an ongoing discount of 0.50% off our Intelligent Mortgage Variable Loan Ratefor the first 3 years after funding. This product is only available for owner occupied, principal & interest loans. 2The comparison rate is based on a loan amount of $150,000 over a loan term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. These comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees and other loan amounts might result in a different comparison rate.
Credit eligibility criteria, terms & conditions, fees & charges apply. Not available for refinance of existing LCU loans.
Savvy First Home Buyer Loan
Interest Rates
Variable Introductory Interest Rate
5.69% pa1
Comparison Rate
6.11% pa2
Introductory Rate Term in Years
3
Fees
Establishment Fee
916.24
Annual Fee
$0
Monthly Fee
$0
Redraw Fee
$0
Features
Automatic Deposits (salary / account)
Yes
Minimum Amount
$50,000
Maximum borrowing capacity (LVR)
80% No LMI, 95% with LMI
Minimum Term in Years
1
Maximum Term in Years
30
Redraw Facility
Yes
Offset Account
100% offset available
Repayments
Weekly, fortnightly or monthly
Variable and lump sum repayments
Yes
1 Special Terms and Conditions apply
2 Warning: This comparison rate applies only to the 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.
Comparison Rate is calculated on a loan amount of $150,000 over a term of 25 years based upon monthly repayments. These rates are for secured loans only.