XL Interest Only Home Loan Package
Our Variable Home Loan Package is designed for those wanting an extended home loan term. XL Interest Only Home Loan Package products are available for terms 31 to 40 years, for construction purposes. Lending criteria applies and a suitability assessment will be completed as part of the application process. The Credit Union SA Variable Home Loan Package offers a fantastic collection of benefits across our Home Loans, Visa Credit Card, Personal Loans, Term Deposits and more. You pay an annual fee of $395 and in return you’ll save an absolute bundle.
Category: Home Loans Last Updated March 4, 2025 Effective January 20, 2025
General Lending Rates
Rates listed below are for a VARIABLE Owner Occupied Interest Only product. Additional Information Owner Occupied XL (IO) Home Loan Package Variable ≤60% LVR
Interest Rate
5.79% PA
5.79% PA
Comparison Rate
6.16%PA*
6.16%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 Variations
Product rates and conditions will usually vary based on the LVR and other conditions..
OWNER_OCCUPIED, VARIABLE, 5.84%
- Lending Rate Type: Variable
- Interest Rate: 5.84%, Comparison Rate 6.21%
- Repayment Type: Interest Only
- Loan Purpose: Owner Occupied
OWNER_OCCUPIED, VARIABLE, 6.74%
- Lending Rate Type: Variable
- Interest Rate: 6.74%, Comparison Rate 7.10%
- Repayment Type: Interest Only
- Loan Purpose: Owner Occupied
Product Features
- Other Additional Information: No loan application or monthly fee
- Redraw Additional Information: Extra repayments can be withdrawn at no cost
- Offset Additional Information: Can be 100% offset when linked to a Home Loan Offset Account
Product Eligibility
- Min Age - 18.
- Residency Status - Australian Citizen Or Permanent Resident.
Bank Fees and Charges
- Progress Payment Fee (Upfront), Amount: 750.00.
- Increase An Existing Home Loan Package (Event), Amount: 0.00.
- Annual Fee (Periodic), Amount: 395.00.
- Settlement Fee (Upfront), Amount: 0.00.
- Split Loan Fee (Event), Amount: 150.00.
- Split Loan Fee (Event), Amount: 100.00.
- Guarantor Application Fee (Event), Amount: 200.00.
Limitations & Restrictions (Constraints)
- Min Limit of 150000.00 Additional Information: Minimum loan amount
- Max Limit of No Limit Additional Information: Maximum loan amount
Document Downloads
brc-1062-hl-int-rates.pdf (96.0 KB)
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