PACKAGE HOME LOANS
PACKAGE HOME LOANS
Category: Home Loans Last Updated November 29, 2023 Effective November 1, 2024
General Lending Rates
Rates listed below are for a FIXED INVESTMENT Interest Only product. Additional Information
Interest Rate
7.09% PA
7.09% PA
Comparison Rate
7.12%PA*
7.12%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
- Digital Banking Additional Information: Account available through Internet Banking and WCU Connect App
- Other Additional Information: No Monthly Loan Service Fee
- Other Additional Information: 5% discount of CGU Home and Contents Insurance Policy
- Other Additional Information: 0.10% margin above quoted Fixed Term Deposit Rates
- Other Additional Information: No Loan Establishment Fee
- Other Additional Information: No Monthly Membership Fee on transactional accounts
Product Eligibility
- Min Age - 18. Additional Information: Minimum 18 years old and Shareholder
- Residency Status Additional Information: Individuals must be citizens or permanant residents of Australia
- Other Additional Information: Customer of the Credit Union
Bank Fees and Charges
- Break Cost Administration Fee (Event), Amount: 100.00. Additional Information: Administration Fee charged on fixed rate loans when economic cost is calculated
- 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
- In House Search Fee (Upfront), Amount: 33.00. Additional Information: Payable on funding a new loan when requesting a title search
- 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
- Package Fee (Periodic), Amount: 270.00. Additional Information: Paid on funding of first HOP Facility and then on the anniversary date thereafter. One Fee per package (muliple loans available)
- 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
Limitations & Restrictions (Constraints)
- Min Balance of 150000.00 Additional Information: $150,000 Minimum Balance