Laboratories Credit Union Limited


Introductory Home Loan Offer

Is it time to refinance? Lock in our discounted interest rate for 1 year. (For new loans only)

1 Year Fixed
3.79% pa
interest rate1

4.38% pa comparison rate*

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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 statement 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.
*Comparison 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.
1The introductory Home Loan Offer is only available for owner-occupied home loans purchases or to refinance from another lender. Maximum loan to valuation ratio (LVR) of 80% applies. At the end of the introductory period the loan will revert to the current Intelligent Mortgage Variable Loan rate. LCU reserves the right to withdraw or amend this offer at any time.


Introductory Home Loan Offer
Interest Rates
1 Year fixed interest rate3.79% pa
1 Year fixed comparison rate4.38% pa
Establishment FeeValuation and mortgage preparation fees at cost
Annual Fee$0 
Monthly Fee$0 
Redraw Fee$0 
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