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Home Loans

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Whether you’re buying a new home or refinancing, choosing a home loan today can be a difficult decision. With so many home loans and options to choose from – which one is right for you?

We’ve made the choice easier for you.

Our home loans come with most of the benefits you’d expect from a professional package but without the ongoing fees. Plus, we provide you with some of the leading home loan rates in the market.

So the only decision you need to make is whether you want variable, fixed or a split rate loan. It’s that simple.





Competitive interest
rate
Free redraw for advance repayments No monthly or ongoing fees Flexible repayment options

Basic Home Loan

There’s nothing basic about our Basic Home Loan, you get the benefits you’d expect from a professional package, but without the ongoing fees.

  • Low variable rate
  • Borrow up to 80%
  • Free redraw
  • No penalty for early repayment
  • Interest only available
View our interest rates
4.99% pa
interest rate

5.04% pa*
comparison rate

 

  More Info
Feature Basic Home Loan
Minimum amount $100,000
Maximum amount $1,500,000
Loan to valuation Up to 80% of property value
Loan period Up to 30 years
Repayment options Weekly, fortnightly or monthly
Establishment fee At cost - Legal and valuation fees
Ongoing fees No
100% offset facility No
Redraw facility Yes
Extra payments without penalty Yes
Early payout without penalty Yes
Auto repayments (salary/account) Yes
Internet and Phone Banking Yes
Top up facility Yes (Min $10,000)
Interest only option Yes (Max 5 years)
This table is provided as a guide only. Terms and conditions are available on application or request.

Premium Home Loan

With our Premium Home Loan you get all the benefits of our Basic Home Loan, but with the added benefit of a 100% offset facility to help you pay off your loan sooner.

  • Low variable rate
  • Borrow up to 80%
  • 100% offset facility
  • Free redraw
  • No penalty for early repayment
View our interest rates
5.24% pa
interest rate

5.29% pa*
comparison rate

 

  More Info
Feature Premium Home Loan
Minimum amount $100,000
Maximum amount $1,500,000
Loan to valuation Up to 80% of property value
Loan period Up to 30 years
Repayment options Weekly, fortnightly or monthly
Establishment fee At cost - Legal and valuation fees
Ongoing fees No
100% offset facility Yes
Redraw facility Yes
Extra payments without penalty Yes
Early payout without penalty Yes
Auto repayments (salary/account) Yes
Internet and Phone Banking Yes
Top up facility Yes (Min $10,000)
Interest only option No
This table is provided as a guide only. Terms and conditions are available on application or request.

FirstStart Home Loan

Buying your first property can be daunting but choosing a home loan doesn’t have to be. We have a home loan especially for first home buyers with plenty of features, so you can stop dreaming and start looking.

  • Low variable rate
  • Borrow up to 90%^
  • First Home Owners Grant assistance~
  • Free redraw
  • No penalty for early repayment
View our interest rates
4.99% pa
interest rate

5.04% pa*
comparison rate

 

 

  More Info
Feature FirstStart Home Loan
Minimum amount $100,000
Maximum amount $1,000,000 - Subject to Lenders' Mortgage Insurer guidelines
Loan to valuation Up to 90% of property value - Subject to Lenders' Mortgage Insurance
Loan period Up to 30 years
Repayment options Weekly, fortnightly or monthly
Establishment fee At cost - Legal and valuation fees
Ongoing fees No
100% offset facility No
Redraw facility Yes
Extra payments without penalty Yes
Early payout without penalty Yes
Auto repayments (salary/account) Yes
Internet and Phone Banking Yes
Top up facility Yes (Min $10,000)
Interest only option Yes (Max 5 years)
This table is provided as a guide only. Terms and conditions are available on application or request.
  Handy hints for purchasing your first home

Budget

The first step is to work out how much you can borrow. Look at your income, expenses, debts and regular bills to work out how much you can repay on a regular basis. Ideally, your repayments should not exceed 30% of your gross income. You can also give us a call to help work out how much you can borrow.

Deposit

The more money you can save for your deposit the better off you’ll be. Repayments will be reduced and you’ll save money over the life of your loan. With our FirstStart Home Loan you can borrow up to 90% of the purchase price.

Research

Attempt to view as many properties as possible in order to understand the current market place. This will assist you in obtaining a good deal on your dream home and avoid a costly mistake.

Pre-Approval

Before you go looking for your dream home, we recommend that you obtain a pre-approval. This way you can go shopping with confidence knowing your home loan is approved. We can provide pre-approval within 24 hours, and it is valid for up to 2 months.

First Home Owners Grant

You may be entitled to a government grant to assist you with the purchase of your first home. Entitlements differ from state to state, depending on the type of home (new or existing) and the value of the property you are looking to buy. We can assist you to apply for the First Home Owners Grant.

Fixed Rate Home Loans

By locking in your interest rate with our fixed rate home loan, you get the certainty of knowing exactly what repayments will be no matter what happens to interest rates.

Our competitive fixed rate terms are available for 1 or 2 years. For greater flexibility, you can also choose to split your home loan to take advantage of both fixed and variable rate options.

At the end of the fixed rate period, you can lock in a new fixed rate or switch to variable. Whatever you choose, there are no switching fees.

1 Year Fixed Rate

  • Borrow up to 80%
  • Prepay up to $10,000 pa
  • Split loan option available
View our interest rates
4.99% pa
interest rate

5.04% pa*
comparison rate

 

 

2 Year Fixed Rate

  • Borrow up to 80%
  • Prepay up to $10,000 pa
  • Split loan option available
View our interest rates
5.24% pa
interest rate

5.09% pa*
comparison rate

 

  More Info
Feature 1 Year Fixed Rate Home Loan 2 Year Fixed Rate Home Loan
Fixed rate period 1 year 2 year
Available for investment loans Yes Yes
Minimum amount $100,000 $100,000
Maximum amount $1,500,000 $1,500,000
Loan to valuation Up to 80% of property value Up to 80% of property value
Loan period Up to 30 years Up to 30 years
Repayment options Weekly, fortnightly or monthly Weekly, fortnightly or monthly
Establishment fee At cost - Legal and valuation At cost - Legal and valuation
Ongoing fees No No
100% offset facility No No
Redraw facility No No
Extra payments without penalty Yes (Max $10,000 pa) Yes (Max $10,000 pa)
Early payout without penalty No No
Auto repayments (salary/account) Yes Yes
Internet and Phone Banking Yes Yes
Top up facility No No
Interest only option No No
This table is provided as a guide only. Terms and conditions are available on application or request.
  Useful Links and Tools

Questions?

If you have any questions, please contact us

Important Notices

^Subject to lenders’ mortgage insurance.
~Subject to First Home Owners Grant Scheme approval in applicable state or territory.
*Comparison rate based on secured loan of $150,000 over 25 years.
Warning: These comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees and other loan amounts might result in different comparison rates. Eligibility criteria, terms and conditions, fees and charges apply. Terms and conditions are available on application or request.

"Thanks - just did it online, easy!

That's why I love Quay Credit Union.

I tell eveyrone who winges about the banks to join you guys.

You make everything easy, efficient and friendly."

Sarah, Lilyfield NSW

25 September 2012