Laboratories Credit Union Limited

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Intelligent Mortgage Variable

If you're looking to fund your next home purchase, or simply refinance your existing loan for a better deal, then look no further than LCU's Intelligent Mortgage Loan.

4.38% pa
interest rate

4.43% pa comparison rate1

  • 100% offset
  • No Redraw Fees
  • No Ongoing Fees
  • Early repayment options without penalty
  • Variable and lump sum repayments
  • Automatic repayment from salary

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  How do I apply?
  What documents do I need?

Evidence of Income:

  • Copy of 2 current pay slips or a letter from your employer stating commencement date and salary details
  • Proof and source of other income
  • If self-employed please provide full financial statements and tax assessments for the last 2 years and current figures no more than 3 months old
  • A copy of a recent rental lease or bank statements showing receipt of rent.
  • If your pay is not currently deposited to a LCU account, please supply 3 months statements showing payroll income

Evidence of Commitments:

  • Statement of your home and/or other loans
  • A copy of a recent rental lease or if boarding, a letter from the owner
  • Statement of all credit cards and store cards
  Additional information

Rates are subject to change. Please refer to our rates and fees page.
1Comparison rate based on a secured loan of $150,000 over 25 years. Warning: 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.


Intelligent Mortgage Variable
Interest Rates
Variable Interest Rate4.38% pa
Comparison Rate4.43% pa1
Fees
Establishment FeeValuation and mortgage preparation fees at cost
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 Years1 year 
Maximum Term in Years30 years 
Redraw FacilityYes 
Offset Account100% offset available 
RepaymentsWeekly, fortnightly or monthly
Variable and lump sum repaymentsYes


 

1 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.