Personal

Home Loans - Variable Rate

Whether you want to buy, build invest or refinance, BCU offers a competitive variable interest rate loan. With no penalties for weekly, fortnightly or additional repayments and a free redraw facility, BCU's variable rate home loan is a fantastic option!*

Features at a Glance
Interest Rate Variable
Calculated Daily
Charged Monthly
Term Maximum 40 years
Payments Weekly, fortnightly or monthly
Additional Payments Yes
Offset Account Yes
Redraw Facility Yes
Repayment Method
 Principal and interest; interest only (maximum 5 years interest only)

 

All-In-One (line of credit )
Interest Rate Variable
Calculated Daily
Charged Monthly in arrears
Term Annual review
Payments Revolving line of credit
Additional Payments Yes
Redraw Facility No
Offset Facility No
Security Mortgage over residential property or FTD
Minimum Amount $20,000
Repayment Method Revolving line of credit
Purpose Homeowners. Excludes business purposes.

* You may be able to borrow up to 95% of the value of the property and up to 90% of the value of land (lenders' mortgage insurance required).

BCU also offers low-doc loans. If you are self-employed, a low-doc, fixed-rate, owner-occupied home loan could suit you (subject to lender's mortgage insurance and residential security).

Interest Rates

For full details of BCU's current interest rates click here (PDF format, requires Adobe Reader which can be downloaded for free.)

* Loans subject to assessment criteria. Lenders' Mortgage Insurance may be required.
Terms, conditions, fees and charges apply.