ESSENTIAL HOME LOAN

ESSENTIAL HOME LOAN
Category: Home Loans  Last Updated November 29, 2023  Effective December 18, 2024

 General Lending Rates

Rates listed below are for a VARIABLE Owner Occupied P&I product. Additional Information
Interest Rate
6.39% PA
Comparison Rate
6.54%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.

 Product Features

  • Redraw Additional Information: Redraw available on Variable rate loans. Minimum $1000 and one month payment in advance. Staff assisted and online options available.
  • Digital Banking Additional Information: Account available through Internet Banking and WCU Connect App
  • Other Additional Information: No early termination fee.

 Product Eligibility

  • Min Age - 18. Additional Information: Minimum 18 years old and Shareholder.
  • Residency Status Additional Information: Individuals must be Citizens and Permanent Residence of Australia
  • Other Additional Information: Member of the Credit Union

 Bank Fees and Charges

  • Citec Check Title Search (Upfront), Amount: 26.20. Additional Information: Payable on funding of a new loan
  • Citec Title Search (Upfront), Amount: 25.63. Additional Information: Payable for each Title Search ordered
  • Establishment Fee (Upfront), Amount: 600.00. Additional Information: Payable on funding of a new loan - price confirmed on application
  • In House Search Fee (Upfront), Amount: 33.00. Additional Information: Payable on funding a new loan when requesting a title search
  • Loan Arrears Letter Fee (Periodic), Amount: 12.50. Additional Information: Charged once a loan has gone into arrears and letters are issue to customers
  • Loan Service Fee - Essential (Periodic), Amount: 10.00. Additional Information: Payable on Essential home loans
  • Mortgage Release Fee (Transaction), Amount: 150.00. Additional Information: Mortgage Release fee charged per mortgage on realease by WCU
  • Mortgage Release Fee - Solicitor (Transaction), Amount: 200.00. Additional Information: Solicitor Mortgage Release charge
  • Registration Fees - Mortgage (Upfront), Amount: 192.00. Additional Information: Payalbe on registration of a new mortgage
  • Registration Fees - Release (Upfront), Amount: 192.00. Additional Information: Payable on registration of a Release of Mortgage
  • Registration Fees - Transfer (Upfront), Amount: 192.00. Additional Information: Payable for registration of a transfer for purchase price up to $180,000. If above-price confirmed on application
  • Settlement Agent Fee (Upfront), Amount: 60.00. Additional Information: Settlement Agent Fee payable on funding loan when settlement attended to
  • Settlement Notice (Upfront), Amount: 57.00. Additional Information: payable when a settlement notice is lodged
  • Solicitor Mortgage Fee (Upfront), Amount: 462.00. Additional Information: Payable at the time of funding a new loan with new mortgages
  • Valuation Fee (Upfront), Amount: 350.00. Additional Information: Payable on funding when a new valuation has been obtained-price confirmed on application depending on location of property
  • Variation Fee (Transaction), Amount: 150.00. Additional Information: Variation fee when varying a loan charged on funding