Laboratories Credit Union Limited

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Introductory Home Loan Offer

Lock in our discounted interest rate.

2 Years Fixed^
1.99% pa
interest rate1

3.23% pa
comparison rate2

  • New money only
  • No ongoing loan fees
  • 100% offset transaction account
  • Direct access to your loans officer during the application process with a prompt turnaround time
  • No redraw fees

Apply OnlineEnquire

  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
  • If your pay is not currently deposited to an LCU account, please supply 3 months' of complete bank statements
  • 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.

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
  • Latest 3 months' of statements for all credit cards and store cards
  Additional information

1 Rates are subject to change. Please refer to our rates and fees page.
Credit eligibility criteria, terms & conditions, fees & charges apply. For new loans only. Minimum loan amount $350,000 and only available for owner occupied, principal & interest loans with LVR of 80% or less. Applications must be funded within 3 months of formal approval. Offer available until 30 November 2021. Not available in conjunction with any other offer. At the end of the introductory period the loan interest rate will revert to the Intelligent Mortgage Variable Loan rate (currently 3.42% pa).
2Comparison rate based on a loan of $150,000 over 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.


Introductory Home Loan Offer
Interest Rates
Fixed Introductory Interest Rate1.99% pa1
Comparison Rate3.23% pa2
Introductory Rate Term in Years2 
Fees
Establishment Fee903.60
Annual Fee$0 
Monthly Fee$0 
Redraw Fee$0 
Features
Automatic Deposits (salary / account)Yes
Minimum Amount$350,000 
Maximum borrowing capacity (LVR)80%
Minimum Term in Years2 
Maximum Term in Years40 
Redraw FacilityYes 
Offset Account100% offset available 
RepaymentsWeekly, fortnightly or monthly
Variable and lump sum repaymentsYes


 

1 Credit eligibility criteria, terms & conditions, fees & charges apply.. Australian Credit Licence 240807. Minimum loan amount $350,000 and only available for principal & interest loans with LVR of 80% or less. Applications must be received by 27 December 2019 and funded within 3 months. Rate current as at 21/10/19. Not available in conjunction with any other offer. 1At the end of the introductory period the loan interest rate will revert to the Intelligent Mortgage Variable Loan rate (currently 3.53% pa). 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.

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.