My Credit Union

Home Loan Rates

Print

Loan interest is calculated daily by multiplying the unpaid balance of the account at the end of the day by the daily percentage rate. The daily percentage rate is the Annual Percentage Rate divided by 365. Interest is charged monthly and on the day you pay the balance of the loan. All rates quoted apply to new borrowings and are Annual Percentage Rates. For rates on existing loans or products no longer availalble for sale, refer to your loan statement or contact SERVICE ONE. Terms and conditions apply and fees and charges are payable. Lending criteria apply. Full details available on application. Rates are subject to change without notice.

P+I = Principal and Interest, IO = Interest Only

Loan to Value Ratio (LVR) refers to the amount of the loan to the value of the property used as security.

SERVICE ONE Alliance Bank home loan rates effective 16 July 2021.


Low Rate Home Loan Interest Rate (P+I) Comparison Rate (P+I)
No Worries Home Loan (variable) - LVR 80% or less 2.99% pa 3.21% pa1
Complete Variable Home Loan Interest Rate (P+I) Comparison Rate (P+I)
LVR of 60% or less 2.59% pa 2.84% pa1
LVR 60.01-80% 2.69% pa 2.95% pa1
LVR 80.01-90% 3.09% pa 3.34% pa1
LVR more than 90% 3.29% pa 3.54% pa1
Complete Fixed Rate Home Loans Interest Rate (P+I) Comparison Rate (P+I)
One Year Fixed Rate 2.24% pa2 2.90% pa1
Two Year Fixed Rate 2.19% pa2 2.86% pa1
Three Year Fixed Rate 2.34% pa2 2.86% pa1
Four Year Fixed Rate 2.54% pa2 2.89% pa1
Five Year Fixed Rate 2.79% pa2 2.98% pa1
HomePlus line-of-credit (equity loan) Interest Rate Comparison Rate
HomePlus 4.70% pa N/A
Interest Only Rates Interest Rate (IO) Comparison Rate (IO)
Complete Variable Home Loans    
LVR of 60% or less 3.44% pa 3.13% pa1
LVR 60.01-80% 3.54% pa 3.23% pa1
LVR 80.01-90% N/A N/A
LVR more than 90% N/A N/A
Complete Fixed Rate Home Loans    
One Year Fixed Rate 2.89% pa2 3.18% pa1
Two Year Fixed Rate 2.94% pa2 3.14% pa1
Three Year Fixed Rate 3.09% pa2 3.13% pa1
Four Year Fixed Rate 3.84% pa2 3.33% pa1
Five Year Fixed Rate 3.79% pa2 3.33% pa1


 

Complete Variable Home Loan Interest Rate (P+I) Comparison Rate (P+I)
LVR of 60% or less 2.84% pa 3.09% pa1
LVR 60.01-80% 2.94% pa 3.19% pa1
LVR 80.01-90% 3.44% pa 3.68% pa1
Complete Fixed Rate Home Loans Interest Rate (P+I) Comparison Rate (P+I)
One Year Fixed Rate 2.64% pa2 3.16% pa1
Two Year Fixed Rate 2.69% pa2 3.15% pa1
Three Year Fixed Rate 2.74% pa2 3.14% pa1
Four Year Fixed Rate 2.94% pa2 3.19% pa1
Five Year Fixed Rate 3.09% pa2 3.25% pa1
HomePlus line-of-credit (equity loan) Interest Rate Comparison Rate
HomePlus 5.50% pa N/A
Interest Only Rates Interest Rate (IO) Comparison Rate (IO)
Complete Variable Investment Home Loan    
LVR of 60% or less 3.44% pa 3.29% pa1
LVR 60.01-80% 3.54% pa 3.39% pa1
LVR 80.01-90% N/A N/A
Complete Fixed Rate Home Loans    
One Year Fixed Rate 2.84% pa2 3.33% pa1
Two Year Fixed Rate 2.89% pa2 3.28% pa1
Three Year Fixed Rate 2.94% pa2 3.25% pa1
Four Year Fixed Rate 3.14% pa2 3.26% pa1
Five Year Fixed Rate 3.29% pa2 3.29% pa1

  Rates for the information of existing borrowers:
Standard Variable Home Loan (Owner Occupied) Interest Rate (P+I) Interest Rate (IO)
for loans of $500,000 or more 3.40% pa 4.35% pa
for loans between $250,000-$499,999 3.50% pa 4.45% pa
for loans between $50,000-$249,999 3.65% pa 4.60% pa
for loans less than $50,000 (index rate) 4.15% pa 5.10% pa
Standard Variable Home Loan (Investment) Interest Rate (P+I) Interest Rate (IO)
for loans of $500,000 or more 3.53% pa 3.63% pa
for loans between $250,000-$499,999 3.63% pa 3.73% pa
for loans between $50,000-$249,999 3.78% pa 3.88% pa
for loans less than $50,000 (index rate) 4.28% pa 4.38% pa
Standard Variable Home Loan withdrawn 30 November 2020  
  Related information:

 

1 Important information about comparison rate: The comparison rate displayed is calculated for a loan of $150,000 over 25 years. If the comparison rate relates to a loan with a fixed interest rate, the comparison rate has been calculated on the basis that our current applicable variable rate will apply at the end of the fixed rate period. WARNING: The comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a higher comparison rate. All comparison rates are calculated with a nil offset balance. Comparison rates for variable Interest Only loans are based on an initial 5 year Interest Only period. Comparison rates for fixed Interest Only loans are based on an initial Interest Only period equal in term to the fixed period. During an Interest Only period, your Interest Only payments will not reduce your loan balance and so you may pay more interest over the life of the loan. For fixed rates, the comparison rate assumes a variable rate with LVR between 60.01-80% will apply at the end of the fixed period.

2 Reverts to LVR variable tier that applies at time of funding.