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Housing Loans
At CMCU we take the opportunity to sit down with you to discuss your options before you make a decision. Unlike some lenders where you are just a number, at CMCU you are a member. We take pride and care in looking after your interests.
CMCU offers Home Loan products for:
- Owner Occupied or Investment
- Established Property
- Construction of New Homes
- Land Only
Rates
Variable Rate Home Loans
| Home Loan Rates | Owner Occupied | Comparison Rate | Investment Rate | Comparison Rate (Investor) |
| <80% LVR | 6.99% | 7.05% | 7.49% | 7.55% |
| >80% LVR | 7.49% | 7.55% | 7.99% | 8.10% |
Account Features:
- No Monthly Loan Account Keeping Fees
- Flexible Repayments – pay either Weekly, Fortnightly or Monthly
- Maximum Term 30 years
- Borrow up to 80% of property value without Mortgage Insurance
- Borrow up to 95% of property value with Mortgage Insurance
- Redraw Facility Available during Variable Rate
- No Penalties for Extra or Early Payments during Variable Rate
- Mortgage Offset
Fixed Rate Home Loans
| Fixed Term | Owner Occupied | Comparison Rate | Investment Rate | Comparison Rate (Investor) |
| 1 Year | 7.24% | 7.08% | 7.74% | 7.58% |
| 2 Year | 7.64% | 7.18% | 7.99% | 7.66% |
| 3 Year | 7.74% | 7.27% | 8.49% | 7.85% |
Account Features:
- No Monthly Loan Account Keeping Fees
- Flexible Repayments – pay either Weekly, Fortnightly or Monthly
- Maximum Term 30 years
- Borrow up to 80% of property value without Mortgage Insurance
- Borrow up to 95% of property value with Mortgage Insurance
- No Redraw or Offset
- One off $700 fee to transfer from Variable to Fixed
Quick Repayment Calculator
Work out your loan repayment on our calculator.
What do I do now?
To find out more, view our current:
or to see if you qualify, contact one of our lenders.
What costs are there?
There are always costs involved in purchasing a new property. Our lenders will go through all the associated credit union, legal and state government costs with you. All you need to know is in which state you are purchasing, the purchase price and how much you need to borrow.
Important Information Credit eligibility criteria, terms and conditions, fees and charges apply. For further details including product specific features and requirements please visit cmcu.com.au or call us on 03 5744 3713. Interest rates current as at 20th June 2023 for new lending approved on or after 20th June 2023 and are subject to change without notice. Standard loan does not include the mortgage offset facility. ^ Loan includes the mortgage offset facility. Must be applied for at time of loan application. 1 Fixed Rate Loans are for a term of 12, 24 or 36 months, after which it reverts to the standard variable loan rate. Available to new and existing loans. Application fee is applicable. Fixed rate loans do not have access to redraw, offset or further loan amounts. 2 Warning: The comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees and costs savings such as fee waivers, are not included in the comparison rate but may influence the costs of the loan. The comparison rate displayed is calculated based on a loan amount of $150,000 over a 25-year term. 3 Valid for new lending for new cars with a compliance date of 2022/2023 purchased from a new car dealer. Compulsory security interest over vehicle being purchased. Maximum loan amount must not exceed invoice price. 4 Warning: The comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as early repayment fees and costs savings such as fee waivers, are not included in the comparison rate but may influence the costs of the loan. The comparison rate displayed is calculated based on a loan amount of $30,000 over a 5-year term. Central Murray Credit Union Limited ABN 69 087 651 812 Australian Credit Licence Number 239446.
