Bankstown City Credit Union - ValueMAX Home Loan

ValueMAX 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 ValueMAX 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.

ValueMAX Features
Interest type	Variable interest rate
Interest rate	Currently 6.80% p.a^{^}
Term	Up to 30 years
Establishment fee	$695
Minimum home loan amount	$400,000
Available for vacant land	Yes
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. An Early Repayment Fee applies if the loan is repaid in full within the first 4 years

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. * Access via Internet Banking, Phone Banking, Direct Debits and Direct Credits. ^ Comparison Rate of 6.91% p.a based on $150,000 over 25 years based on monthly repayments. Minimum loan amount of $400,000; not available for construction loans. Bankstown City Credit Union's standard lending criteria and credit assessment will apply. Offer available for a limited time for new loans only, and may be withdrawn without notice.