You’ve done the hard part, working to save for your home loan deposit. Now it’s our turn to make things a little easier for you.
Our Owner-Occupied Home Loans are design to make your dream come true, hassle free. Everything you need to know for new property purchases or refinancing your current loan at your fingertips.
With flexible options, competitive rates, and features designed to save you time and money, the dream of owning a home is just a few steps away – and we will be with you at every one of them. Ready to start?
Explore our best home loan rates to help you make your dream home come true.
^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 $150,000 loan repayable over 25 years. WARNING: This 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. All rates available for new business only and are subject to change without notice. Credit eligibility criteria, terms and conditions, fees and charges apply and may change without notice. Products issued by Southern Cross Credit Union Ltd ABN 82 087 650 682. AFSL and Australian Credit Licence 241 000.
Easy, simple and completely online. Ready to go?
Complete your home loan application in under 20 minutes. Or do it at your own pace, pause and restart when you’re ready. Tell us about yourself and see how much you can borrow.
If you need help, call us on 1300 360 744 and our lending team will walk you through it.
You can apply for your home loan completely online including real-time ID verification, over the phone or in-person by requesting a meeting with one of our lending specialists.
Make sure you check the eligibility criteria and gather all document requirements. All our home loans required a 100-point identity check, so make sure you have everything ready to go. If you have any questions, call us at 1300 366 744.
Once your application is submitted, our Lending Specialists will undertake an assessment of our home loan application. Once assessed, your application will be deemed approved, conditionally approved or not approved. Our team will keep you informed throughout this process, and additional information may be required at any stage.
Congratulations! If you receive a contract to sign, this means your home loan application is approved.
Our team will provide you with detailed guidance on this process and next steps for settlement.
If you have any questions, please contact us at 1300 360 744 and our lending specialists will support you.
And to celebrate! Pull out the packing boxes and perhaps revisit that Pinterest board for new decoration ideas.
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.
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.
Buying your first home is exciting, but let’s be honest, it can feel a little overwhelming. What loan do you need? Are there government incentives that can help? How do you budget to make your homeownership dream a reality?
That’s where our First Home Buyer Hub comes in. We break down the process step by step, guiding you from loan application to getting the keys in your hand. Explore tools like budget planners and loan calculators, learn about key concepts like LVR (Loan-to-Value Ratio), and discover what grants or incentives you may be eligible for.
Whether you’re figuring out deposit requirements, comparing loan options, or just wondering where to start, we’re here to help. Buying your first home is a big step but you don’t have to take it alone. Let’s make it happen together!
First Home Buyer HubRefinancing your home loan is like giving your mortgage a fresh start. It involves switching to a new loan – either with your current lender or a different one – to secure a better rate, access equity, or adjust your loan terms and features to better suit your needs.
Your refinancing options include a rate-based refinance, where you switch for a lower interest rate; a cash-out refinance, where you borrow against your equity; or a loan restructure, where you change your loan type, term, or features.
Before refinancing, it’s important to have clarity on your objectives. Some people wish to lower their repayments, while others tap into their home’s equity to fund renovations or investments.
It’s important to weigh up the costs, benefits, and long-term impact to ensure it aligns with your financial goals before deciding.
Talk to our Lending Specialists
Eligible professionals enjoy extra benefits when applying for a home loan with SCCU, such as Lenders Mortgage Insurance (LMI) waived when borrowing up to 90%LVR. These professionals can also access up to 95% LVR while enjoying our competitive rates.
The benefits are available to medical and health professionals currently practicing and registered as a member of the Australian Health Practitioner Regulation Agency (AHPRA), finance professionals that are currently practicing and are a registered member of an eligible professional institute, and legal professionals currently practicing and holding a current certificate with an acceptable state body.
Talk to our lending specialists to check your eligibility.
Talk to our Lending Specialists
Pay less in interest on your Home Loan with our Easy Access transaction account offset feature, ultimately reducing the amount of interest you pay to help you own your home sooner.
When you link your Easy Access account to your Home Loan account*, the full balance across your Easy Access accounts will offset the amount you owe on your home loan.
For example, if you owe $350,000 on your home loan and hold $10,000 in your Easy Access transaction account for the full month, the interest calculated on your Home Loan will be on $340,000, saving you money.
At the same time, the balance in your Easy Access transaction account is freely available for you to use, just like any other everyday account. Interest is calculated daily and charged at the end of the month, so even if you hold extra money for a few days instead of the whole month, it will still make a difference.
*Excludes business and reverse mortgages.
A redraw facility is a handy feature available across all our variable and fixed rate home loans, allowing you to access extra repayments you’ve made on your loan. By making additional payments beyond your minimum required amount, you reduce your loan balance and interest over time, while still having the flexibility to withdraw the surplus funds if needed.
Whether you’re planning home renovations, covering unexpected expenses, or simply want to access extra cash, a redraw facility gives you greater control over your finances. There’s no need to go through lengthy application processes. Just transfer the available funds directly into your account when required.
With a redraw facility, you can enjoy the best of both worlds: paying off your home loan faster while keeping access to extra repayments when life demands it. Some conditions may apply, so be sure to check your loan details to make the most of this flexible feature.
Download our SCCU app to manage your home loan and all banking needs with easy.
Equity is the difference between the market value of your property and the remaining balance on your home loan. As you pay down your mortgage and your property’s value increases, your equity grows – giving you greater financial flexibility.
You can use your equity in several ways, such as refinancing, funding renovations, investing in another property, or consolidating debt. You can access a portion of your equity, known as “usable equity”, based on factors like your current Loan-to-Value Ratio (LVR), income and borrowing capacity.
Building equity faster can be achieved by making extra repayments, increasing your property’s value through improvements, or benefiting from market appreciation. It’s a valuable asset that provides borrowing power and long-term financial opportunities.
Before accessing your equity, it’s important to review your loan terms and get some guidance to ensure it aligns with your goals and financial situation. Book a free initial consultation with our partner Bridges, one of Australia’s leading financial planning firms, for a tailored expert financial advice.
A split loan gives you the flexibility to divide your home loan into multiple parts. One portion on a fixed rate and the other on a variable rate. It’s a great way to balance stability with opportunity, especially in a market where interest rates can fluctuate.
With the fixed portion, you’ll have the certainty of steady repayments, making budgeting easier. Meanwhile, the variable portion allows you to benefit if interest rates drop, giving you the chance to pay off your loan faster or reduce overall costs.
This option is ideal for those who want the security of fixed repayments while keeping the door open to potential savings with variable rates decrease – although also assuming the risk in case the variable rates increase.
A split loan gives you an alternative to manage your home loan accordingly to your budget and risk appetite. If you would like to learn more about how this option could work for you, give us a call at 1300 360 744 and our lending team will be happy to help you explore how this feature can work for you.
Interest rates can fluctuate, and without locking in your rate, it could change before your loan is finalised. If one of our fixed rate options sounds perfect to you but you still need some time before settlement for your new home loans or is waiting on the date of re-fixing your existing home loan with us, a Fixed Rate Lock can help secure it.
Our Fixed Rate Lock is a home loan feature that can guarantee the fixed interest rate for the term chosen to protect you against rate rises between the time we process your fixed rate lock request and the date of either your new home loan funding or your existing fixed rate loan reaching the end of its current fixed term.
With this feature, you can lock in the fixed rate on offer at the time of application – giving you peace of mind while you wait for settlement. For example, if you love our 3-year fixed rate but have 60 days until settlement, a Fixed Rate Lock ensures you’ll keep that rate, no matter what happens in the market.
This can be a great way to avoid unexpected rate increases, but it’s important to consider any associated fees and charges. If certainty is what you’re after, a Fixed Rate Lock could be a smart move to protect your home loan from rising rates.
With Allianz, our insurance partner.
A fixed rate stays the same for a set period, offering predictable repayments. A variable rate can change based on market conditions, meaning your repayments may go up or down over time. To learn more about these two loan types and see which is right for you read our Target Market Determinations.
Yes you can, depending on your situation we may be able to provide a “pre-approval”, however, this is evaluated case by case. If you need further help on this call us on 1300 360 744 and we can book an appointment for you with a Premium Banker.
Yes, you can make additional repayments on our Owner-Occupied Home Loans. For fixed rate loans, a maximum of $10,000 per year is allowed. Check the specific terms of your loan for details. Check out our Schedule of Fees and Charges to learn what applies to you.
An offset account is a linked Easy Access transaction account, which has an offset feature.
The offset facility is to reduce the interest charged on your home loan. For example, if your home loan balance is $400,000 and you have $50,000 in your offset account, you’ll only pay interest on $350,000. These accounts have all the other functions of an Easy Access Transaction account, allowing you to access your funds freely.
Up to 8 offset accounts can be linked to all Owner Occupied and Investment Home Loans.
Learn more about potential monthly fees on our Easy Access product page.
We offer loans with an LVR of up to 95%. This excludes Lenders Mortgage Insurance (LMI) if your LVR is above 80%. Jump over to our calculators to better assess what you may need.
Yes! The equity in your current home can be a powerful tool to help fund the purchase of a home or investment property. Depending on your needs, you may choose to take out a new home loan if you’re buying a property, or simply top up your existing loan to access funds for expenses like renovations or bills.
Using equity can be a smart way to grow your property portfolio, but it’s important to understand your borrowing power and loan options. Our Premium Bankers are here to guide you through the process – reach out to us for expert advice or click ‘Apply Now’ above to get started.
If you need help with debt consolidation, we certainly can help you.
Please call us on 1300 360 744 and we can book an appointment for you with one of our Premium Bankers.
A guarantor provides additional security for your home loan, often using their property as collateral. This can help you secure a loan with a smaller deposit or avoid paying LMI. This is part of our application process and will be assessed along with your overall application. Guarantors will also need to provide information including proof of ability to service the loan and 100 points of ID.
The standard deposit for a home loan is 20%, resulting in an 80% Loan to value ratio (LVR). However, we offer loans with deposits as low as 5%, though Lenders Mortgage Insurance (LMI) can apply for deposits under 20%.
It depends on your needs. Offset accounts provide more flexibility with access to funds, while redraw facilities are suited to those focused on reducing their loan balance and accessing extra funds occasionally.
You can have up to 8 offset accounts, which are our Easy Access transaction accounts, as part of our home loan packages without paying extra for it. However, they may attract a monthly fee if the account balance requirements are not met.
You can learn more about potential monthly fees on our Easy Access page.
Having a credit default may affect your application, but it doesn’t necessarily disqualify you. Our lending team will assess your situation and help you explore your options.
The key difference between a Home Loan and an Investment Home Loan lies in how the property will be used. A Home Loan is designed for owner-occupiers – those who plan to live in the property themselves. In contrast, an Investment Home Loan is for those purchasing a property to rent out while residing elsewhere.
Because investment properties carry different risks and potential returns, investment loans often have different interest rates and lending criteria compared to standard home loans. Understanding the purpose of your loan is essential to ensure you choose the right option for your financial goals.
From your first transaction to lifelong investments, with you across all financial life stages.
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If you'd like a little extra help, call our team on 1300 360 744.
