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 RateVariable
CalculatedDaily
ChargedMonthly
TermMaximum 40 years
PaymentsWeekly, fortnightly or monthly
Additional PaymentsYes
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 RateVariable
CalculatedDaily
ChargedMonthly in arrears
TermAnnual review
PaymentsRevolving line of credit
Additional PaymentsYes
Redraw FacilityNo
Offset FacilityNo
SecurityMortgage over residential property or FTD
Minimum Amount$20,000
Repayment MethodRevolving line of credit
PurposeHomeowners. 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.

 

Click here for Today's Interest Rates click here for todays comparison rates