Home Loans

*Home Loan Prize Draw Competition [Win up to $5,000 with SCCU]

1 – Promotion Period

The promotion commences on 1st September 2026 and closes on 30 November 2026 (“Promotion Period”).

2 – Eligibility

An individual will be eligible to participate in the promotion if they meet all of the following criteria:

(a) entry is open to Australian citizens aged 18 years or over, residents of South Australia and the Australian Capital Territory are not eligible to enter;

(b) take out a new eligible home loan product with Southern Cross Credit Union during the Promotion Period which is between 01/09/26 to 30/11/26 for home loans to be approved, and must be settled by 31/12/26;

For the purposes of this promotion, a “new home loan” is a loan that is newly approved and drawn down during the Promotion Period. This excludes loan variations, internal refinances, product switches, loan increases, redraws, equity releases, restructures, or extensions to existing loans. Conditionally approved loans that are yet to be drawn down are not eligible.

(c) the promotion cannot be combined with any other Southern Cross Credit Union offer, promotion or incentive unless otherwise determined by the Promoter.

(d) Directors, officers, employees and contractors of the Promoter and their immediate family members are not eligible to enter.

3 – Entries

Eligible customers will automatically receive one (1) entry into the prize draw for each eligible new home loan drawn down during the Promotion Period. No separate entry is required. A maximum of one (1) prize will be awarded per customer, regardless of the number of eligible entries received. Refer to the privacy statement on how information is collected, used or stored.

4 – Joint Applications

Where an eligible home loan is taken out by more than one borrower, only one (1) entry will be allocated per eligible loan. The entry will be allocated to the primary applicant as recorded by Southern Cross Credit Union.

5 – Promoter

The promoter is Southern Cross Credit Union, a business name of Southern Cross Credit Union Limited (ABN 82 087 650 68), Australian Financial Services Licence and Australian Credit Licence No. 241 000. Located at: Level 2, 32-48 Pearl Street, Kingscliff.

6 – Prize Pool

The total prize pool is $10,000, comprising:

One (1) first prize of $5,000;
One second prize of $3,000; and
One third prize of $2,000.
Prize money will be deposited into a Southern Cross Credit Union transaction account nominated by the winner within 14 calendar days of the draw.

Prizes are not transferable, exchangeable or redeemable for cash other than as provided in these Terms and Conditions.

Any costs associated with accessing or using the prize are the responsibility of the winner unless otherwise stated.

7 – Prize Draw

The draw will be conducted at 10:00am AEDT on 20 January 2027. The winners will be selected at random using an electronic name selection tool at Southern Cross Credit Union head office, Level 2, 38-42 Pearl Street, Kingscliff. The winners will be notified by phone and registered mail. The first name and suburb of each winner will be published on www.sccu.com.au within 7 days of the draw and remain published for at least 28 days.

8 – Redraw Clause

If a prize remains unclaimed after three months despite reasonable efforts by the Promoter to contact the winner, a redraw will be conducted at the same location on 21 April 2027 at 10.00am AEDT. Any redraw winner will be notified by phone and registered mail and published on www.sccu.com.au.

9 – General

The Promoter reserves the right to amend, suspend or cancel the promotion if circumstances arise beyond its reasonable control, or if fraud, technical failures, administrative errors or any other factor compromises the integrity or proper operation of the promotion. Any changes will be made in accordance with applicable laws and will be communicated where reasonably practicable.

The Promoter may verify the validity of entries and the eligibility of entrants and may disqualify any entrant who tampers with the entry process or who submits an entry that is not in accordance with these Terms and Conditions.

The Promoter accepts no responsibility for any tax implications arising from acceptance of a prize. Entrants should seek independent financial advice regarding any tax consequences.

To the extent permitted by law, the Promoter will not be liable for any loss, damage or injury suffered in connection with the promotion or acceptance of a prize, except for liability which cannot be excluded by law.

#Customer Advocacy
Southern Cross Credit Union Ltd 82 087 650 682 AFSL and Australian Credit Licence 241000. Terms and conditions apply. Available to current Southern Cross Credit Union customers referring a new customer who successfully applies for, is approved for, and settles an eligible SCCU home loan or personal loan from 1 September 2026. The referred customer must not be an existing borrower of SCCU at the time of application. Referral rewards will be paid within 30 days of loan settlement into nominated SCCU transaction accounts. One referral reward is payable per eligible loan. SCCU employees, directors and their immediate family members are not eligible to participate. SCCU reserves the right to vary, withdraw or extend this offer at any time. Lending criteria, fees, charges and conditions apply.

^Financial Health Check
Southern Cross Credit Union Ltd 82 087 650 682 AFSL and Australian Credit Licence 241000. The proposed Financial Health Check is a personalised review on the banking services you currently hold and whether they are fit for purposes conducted by SCCU Premium Bankers. It’s not independent financial advice.
For independent financial advice and planning, please explore our partnership with Bridges Financial Planners at https://www.sccu.com.au/financial-planning/

Products issued by Southern Cross Credit Union Ltd ABN 82 087 650 682. AFSL and Australian Credit Licence 241 000. Any advice given is of a general nature only and is not based on any consideration of your objectives, financial situation and needs. To decide if a product is right for you, please refer to the Summary of Accounts, Access Facilities and Transaction Limits. Eligibility criteria, fees and charges, terms and conditions apply. To help you better asses if these products are right for you please reach out to our team or read through our Target Market Determinations (TMD), designed to help you make an informed decision that is consistent with your objectives, financial situations and needs.

Important: Available for new business only. Offers not available for switching of existing SCCU home loans. Not available through Broker introduced business.
Advertised Interest rates subject to change without notice.

Home Loans (Owner Occupied and Investment)
^At the end of your fixed rate period the interest rate will revert to the relevant Principal and Interest variable rate.

*The comparison rate is based on a loan amount of $150,000 repayable over 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

~Variable Interest Only option available for maximum five-year periods reverting thereafter to the P&I variable rate.

¹ These rates are also available to eligible applicants on the professionals list for loans with 80-95% LVR. In addition, these professionals will receive an LMI waiver for loans up to 90% LVR.

² Only available to owner occupied applicants that meet all scheme eligibility criteria.

Home Loans (Professionals Eligibility Criteria)
Eligible applicants on the professionals list can access premium rates for loans with 80-95% LVR. In addition, these professionals will receive an
LMI waiver for loans up to 90% LVR. To access additional benefits such as premium interest rates and no requirement for Lender’s Mortgage Insurance for loans up to 90% loan to value ratio at least one applicant must be employed as a:

Medical & Health Professional: Anaesthetists, Chiropractors, Dental Practitioners, Dermatologists, General Practitioners, Obstetricians/Gynaecologists, Ophthalmologists, Optometrists, Paediatricians, Pathologists, Pharmacists, Physicians, Physiotherapists, Psychiatrists, Radiation Oncologists, Radiologists, Surgeons, Veterinary Practitioners. Medical & Health Professionals must be a current registered member of the Australian Health Practitioner Regulation Agency (AHPRA). Target Market Determination Premium Fixed Rate Home Loan

Legal & Financial Professionals: Solicitors, Lawyers, Barristers, Actuaries, Financial Analysts, Accountants Finance professionals must be practicing and a current registered member of an eligible professional institute. Legal professionals must be practicing and hold a current certificate with an acceptable state body.

Line of Credit
˜Variable Interest Only option available for maximum five-year periods reverting thereafter to the P&I variable rate. For Line Of Credit, ability to draw on the Principal over a 10-year period, as long as you stay within your credit limit.

Reverse Mortgage
¹ Discount interest rate for the first 12 months reverting to the standard variable rate after 12 months.
* The comparison rate for the Reverse Mortgage is based on a loan amount of $150,000 repayable over 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.