OMG Home Loan
Our OMG owner occupied home loan offers a variety of great low rates depending on your loan to value ratio (LVR), with no ongoing fees – simple.
Enquire now online, and one of our local home loan specialists will contact you to discuss your specific needs.
| Loan to Value Ratio (LVR) | Variable rate | Comparison rate |
|---|---|---|
| Less than or equal to 60% | 5.99% p.a. | 6.00% p.a. |
| Greater than 60% and less than or equal to 80% | 6.09% p.a. | 6.10% p.a. |
| Greater than 80% | 6.29% p.a. | 6.30% p.a. |
For principal and interest loans of $100,000 or more, up to 95% of the property value.
Benefits
Redraw flexibility
Access your extra payments when you need to
No annual fee
Save with no ongoing annual fees
Home loan specialists
To help you at every stage
Buy with confidence
Pre-approval valid for 3 months
Find out what your property is worth with a free online property report
Loan details
| Maximum term | 30 years |
| Minimum loan | $100,000 |
| Redraw available | |
| Maximum Loan to Value Ratio (subject to credit policy) | 95% |
| Offset facility | |
| Principal and Interest | |
| Interest only option available - see interest rate below | |
| Available for construction |
| Interest Rate | Comparison Rate | |
|---|---|---|
| Principal and Interest Less than or equal to 60% LVR |
5.99% p.a. | 6.00% p.a. |
| Principal and Interest Greater than 60% and less than or equal to 80% LVR |
6.09% p.a. | 6.10% p.a. |
| Principal and Interest Greater than 80% and up to 95% LVR |
6.29% p.a. | 6.30% p.a. |
| Interest only Less than or equal to 79% LVR |
6.99% p.a. | 6.35% p.a. |
| Establishment fee | $0 |
| Annual fee | $0 |
Loan Repayments
Important information
Credit products issued by Police & Nurses Limited (BCU Bank) ABN 69 087 651 876 AFSL/Australian Credit Licence 240701. Lending criteria, terms & conditions, fees & charges apply. Rates subject to change.
Comparison rate calculated on a loan amount of $150,000 over a term of 25 years based on monthly repayments. For variable Interest Only loans, comparison rates are based on an initial 3 year Interest Only period. For fixed Interest Only loans, comparison rates are based on an initial Interest Only period equal in length to the fixed period. During an Interest Only period, your Interest Only payments will not reduce your loan balance. This may mean you pay more interest over the life of the loan.
WARNING: This comparison rate applies only to the example or 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.
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