Bankstown City Credit Union

Basic Home Loan

Want help achieving the great Australian dream? Looking to fund your own slice of real estate?
For decades, we’ve been helping Australians own their homes sooner. In fact, that’s one of the key reasons Bankstown City Credit Union was started. Whether you’re buying your first home, upsizing or refinancing.

Our Basic Home Loan provides one of our lowest ongoing variable interest rates that offers you complete flexibility with a full range of features.

You get a competitive interest rate without being locked into the rate for a set term. The interest rate on this loan will move up and down with changes to rates in financial markets.

Basic Home Loan Features
Interest type	Variable interest rate
Term	Up to 30 years
Establishment fee	$0 for a limited time only - Save $695
Monthly admin fee	$0 for a limited time only - Save $120.00 per year ~
Minimum home loan amount	$150,000
Available for vacant land	No
Available for construction	No
Available for Owner Occupied Loans	Yes
Available for Investment Loans	Yes
Loan is portable	Yes, you can keep the same loan when it comes time to sell your existing property and purchase a new one
Interest only option	Yes, choose monthly interest based repayments
100% interest offset facility	Yes^*, to help you save interest on your home loan and own your home sooner
Repayment options	Choose to pay weekly^#, fortnightly^# or monthly
Additional repayments	Make additional payments at any time.

Easy pay with QuickDebit

Save time and repay your loan more conveniently by choosing a direct debit initiated on your behalf by Bankstown City Credit Union. Debits can be made from any financial institution in Australia. So once you’ve given authorisation, repayments are made automatically. It’s the no-hassle way to pay that’s FREE of transaction fees.

Tip:

Take advantage of our calculators to check out

how much you might be able to borrow,
what your minimum repayments might be,
how much time and interest you could save by making extra repayments or putting in a lump sum,
what your stamp duty might be.
You could insure your loan repayments against something unexpected happening to you. Look at optional Personal, Line of Credit and mortgage loan insurance.
We also offer Home and contents insurance.

Giving you more options

We can also source almost any type of finance – including low doc loans and reverse mortgages – through our finance broking service MoneyMAX Mortgages . So whatever your needs, we’re likely to have them covered.

# Available on loans with principal and interest repayments only. ~ Monthly loan administration fee is waived for the first 3 years, a fee of $10 per month will apply from the 4th year of the loans anniversary.* Access via Internet Banking, Phone Banking, Direct Debits and Direct Credits. Minimum loan amount of $150,000; not available for construction loans. Bankstown City Credit Union's standard lending criteria and credit assessment will apply.