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 an LCU account, please supply 6 months' of 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

1 Rates are subject to change. Please refer to our rates and fees page.
Credit eligibility criteria, terms & conditions, fees & charges apply. The 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. Interest rate correct as at 27/03/2018. At the end of the introductory period the loan interest rate will revert to the current Intelligent Mortgage Variable Loan rate (currently 4.38%pa). LCU reserves the right to withdraw or amend this offer at any time.

*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.


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