Easy Access Loan
Owner-Occupied
-
- 6.26% pa
- 6.39% pa1
Comparison Rate
- 6.26% pa
BDCU Alliance Bank's Home Equity variable interest rate line of credit interest-only loan enables you to pay only the interest calculated on your home loan each month and as much of the principal as you choose, if any.
This provides extra flexibility for home owners who wish to reduce their commitment, or benefit from tax advantages.
Rate effective 12 August 2022.
Investment
-
- 6.20% pa
- 6.39% pa1
Comparison Rate
- 6.20% pa
BDCU Alliance Bank's Home Equity variable interest rate line of credit interest-only loan enables you to pay only the interest calculated on your home loan each month and as much of the principal as you choose, if any.
This provides extra flexibility for home owners who wish to reduce their commitment, or benefit from tax advantages.
Rate effective 15 July 2022.
Key features
| Home Equity Loan | |
|---|---|
| Fees | |
| Establishment Fee | $550 |
| Monthly Fee | $0 |
| Annual Service Fee | $80 |
| Key Features | |
| Minimum amount | $20000 |
| Interest charges | Calculated daily, charged monthly |
| Lump sum repayments | |
| Early repayment without penalty | |
| Free redraw facility | |
Important information
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Things you should know:
All loans are 1st mortgage secured.
1.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 different comparison rate.
*Valuation Fees not included and availble on application.
Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. All loans are 1st mortgage secured. Solicitor and valuation costs apply and are available on application. This fee is waived for Home Smart Package (no longer available) - Annual Fee applies. Term and Conditions, loan fees and charges apply. BDCU Alliance Bank lending criteria applies to all loans and applications are subject to approval. We recommend you read all relevant disclosure documents before acquiring the product.
Term and Conditions, loan fees and charges apply. All rates are subject to change. BDCU Alliance Bank lending criteria applies to all loans and applications are subject to approval. We recommend you read all relevant disclosure documents before acquiring the product.
