Our Standard Home Loan is suitable for new home owners and refinancers borrowing under $250k with a deposit less than 20%.

Apply for Pre-approval Loan Calculators
3.19
%
P.A
3 Year Fixed Rate
4.41
%
P.A
Comparison Rate*
$699
Establishment fee
$0
Annual fee
  • Loans up to $250k
  • Maximum LVR 95%
  • Offset Facility Available
Product Features

Basic Home Loan

Standard Home Loan

Platinum Home Loan

Platinum Professional Home Loan
Minimum Loan Amount
$10,000 $10,000 $250,000 $750,000
Maximum Loan Amount
$400,000 $250,000 $750,000 -
Maximum LVR
80% 95% 95% 95%
Maximum Loan Term
30 years 30 years 30 years 30 years
Minimum Loan term
1 year 1 year 1 year 1 year
Additional Repayments Available
Yes Yes Yes Yes
Redraw
Yes Yes Yes Yes
Principal & Interest Repayments
Yes Yes Yes Yes
Interest Only Repayments
No Yes Yes Yes
Split Loan
Yes Yes Yes Yes
Offset Account (variable rate loans only)
No Yes Yes Yes
Compare

Basic Home Loan

Minimum Loan Amount
$10,000
Maximum Loan Amount
$400,000
Maximum LVR
80%
Maximum Loan Term
30 years
Minimum Loan term
1 year
Additional Repayments Available
Yes
Redraw
Yes
Principal & Interest Repayments
Yes
Interest Only Repayments
No
Split Loan
Yes
Offset Account (variable rate loans only)
No

Standard Home Loan

Minimum Loan Amount
$10,000
Maximum Loan Amount
$250,000
Maximum LVR
95%
Maximum Loan Term
30 years
Minimum Loan term
1 year
Additional Repayments Available
Yes
Redraw
Yes
Principal & Interest Repayments
Yes
Interest Only Repayments
Yes
Split Loan
Yes
Offset Account (variable rate loans only)
Yes

Platinum Home Loan

Minimum Loan Amount
$250,000
Maximum Loan Amount
$750,000
Maximum LVR
95%
Maximum Loan Term
30 years
Minimum Loan term
1 year
Additional Repayments Available
Yes
Redraw
Yes
Principal & Interest Repayments
Yes
Interest Only Repayments
Yes
Split Loan
Yes
Offset Account (variable rate loans only)
Yes

Platinum Professional Home Loan

Minimum Loan Amount
$750,000
Maximum Loan Amount
-
Maximum LVR
95%
Maximum Loan Term
30 years
Minimum Loan term
1 year
Additional Repayments Available
Yes
Redraw
Yes
Principal & Interest Repayments
Yes
Interest Only Repayments
Yes
Split Loan
Yes
Offset Account (variable rate loans only)
Yes
Interest Rates

Basic Home Loan

Standard Home Loan

Platinum Home Loan

Platinum Professional Home Loan
Owner Occupied (P&I) Rates
Variable Rate
3.33%pa

3.38%pa comparison rate*		 4.78%pa

4.83%pa comparison rate*		 3.68%pa

4.09%pa comparison rate*		 3.53%pa

3.94%pa comparison rate*
1 Year Fixed Rate
- 3.39%pa

4.70%pa comparison rate*		 3.29%pa

4.05%pa comparison rate*		 3.19%pa

3.91%pa comparison rate*
2 Year Fixed Rate
- 3.19%pa

4.54%pa comparison rate*		 3.09%pa

3.98%pa comparison rate*		 2.99%pa

3.84%pa comparison rate*
3 Year Fixed Rate
- 3.19%pa

4.41%pa comparison rate*		 3.09%pa

3.94%pa comparison rate*		 2.99%pa

3.80%pa comparison rate*
4 Year Fixed Rate
- 3.59%pa

4.43%pa comparison rate*		 3.49%pa

4.02%pa comparison rate*		 3.39%pa

3.89%pa comparison rate*
5 Year Fixed Rate
- 3.59%pa

4.43%pa comparison rate*		 3.49%pa

4.10%pa comparison rate*		 3.39%pa

3.97%pa comparison rate*
Owner Occupied (P&I) Rates
Compare

Basic Home Loan

Variable Rate
3.33%pa

3.38%pa comparison rate*
1 Year Fixed Rate
-
2 Year Fixed Rate
-
3 Year Fixed Rate
-
4 Year Fixed Rate
-
5 Year Fixed Rate
-

Standard Home Loan

Variable Rate
4.78%pa

4.83%pa comparison rate*
1 Year Fixed Rate
3.39%pa

4.70%pa comparison rate*
2 Year Fixed Rate
3.19%pa

4.54%pa comparison rate*
3 Year Fixed Rate
3.19%pa

4.41%pa comparison rate*
4 Year Fixed Rate
3.59%pa

4.43%pa comparison rate*
5 Year Fixed Rate
3.59%pa

4.43%pa comparison rate*

Platinum Home Loan

Variable Rate
3.68%pa

4.09%pa comparison rate*
1 Year Fixed Rate
3.29%pa

4.05%pa comparison rate*
2 Year Fixed Rate
3.09%pa

3.98%pa comparison rate*
3 Year Fixed Rate
3.09%pa

3.94%pa comparison rate*
4 Year Fixed Rate
3.49%pa

4.02%pa comparison rate*
5 Year Fixed Rate
3.49%pa

4.10%pa comparison rate*

Platinum Professional Home Loan

Variable Rate
3.53%pa

3.94%pa comparison rate*
1 Year Fixed Rate
3.19%pa

3.91%pa comparison rate*
2 Year Fixed Rate
2.99%pa

3.84%pa comparison rate*
3 Year Fixed Rate
2.99%pa

3.80%pa comparison rate*
4 Year Fixed Rate
3.39%pa

3.89%pa comparison rate*
5 Year Fixed Rate
3.39%pa

3.97%pa comparison rate*
Interest Rate Schedule
Fees & Charges

Basic Home Loan

Standard Home Loan

Platinum Home Loan

Platinum Professional Home Loan
Establishment Fee
$699 $699 - -
Establishment Fee (Construction Loans)
- - $699 $699
Annual Fee
- - $400 $400
Other Fees
Property Valuation
$300 $300 $300 $300
Progress Draw Fee (construction loans)
$110 $110 $110 $110
Legal Fee
$430 $430 $430 $430
Legal Fee (Trust Deed Review)
$132 $132 $132 $132
Security Variation
$300 $300 $300 $300
Product Switch
$300 $300 $300 $300
Redraw (Online / in branch)
$10 / $25 $10 / $25 $0 / $25 $0 / $25
Loan Top-up
$250 $250 $250 $250
Security Guarantee
$50 $50 $50 $50
Changes to Loan Contract
$150 $150 $150 $150
Direct Debit Dishonour Fee
$15 $15 $15 $15
Discharge Fee
$300 $300 $300 $300
Offset Facility (Monthly Fee)
- $5 $0 $0
Mortgage Security Registration Fee
Subject to State Government Requirements Subject to State Government Requirements Subject to State Government Requirements Subject to State Government Requirements
Break Cost Fee (fixed rate loans)
Refer to Loan Contract Refer to Loan Contract Refer to Loan Contract Refer to Loan Contract
Lenders' Mortgage Insurance
Price Available on Application Price Available on Application Price Available on Application Price Available on Application
Mortgage Stamp Duty
Subject to State Government Requirements Subject to State Government Requirements Subject to State Government Requirements Subject to State Government Requirements
Compare

Basic Home Loan

Establishment Fee
$699
Establishment Fee (Construction Loans)
-
Annual Fee
-

Standard Home Loan

Establishment Fee
$699
Establishment Fee (Construction Loans)
-
Annual Fee
-

Platinum Home Loan

Establishment Fee
-
Establishment Fee (Construction Loans)
$699
Annual Fee
$400

Platinum Professional Home Loan

Establishment Fee
-
Establishment Fee (Construction Loans)
$699
Annual Fee
$400
Other Fees
Compare

Basic Home Loan

Property Valuation
$300
Progress Draw Fee (construction loans)
$110
Legal Fee
$430
Legal Fee (Trust Deed Review)
$132
Security Variation
$300
Product Switch
$300
Redraw (Online / in branch)
$10 / $25
Loan Top-up
$250
Security Guarantee
$50
Changes to Loan Contract
$150
Direct Debit Dishonour Fee
$15
Discharge Fee
$300
Offset Facility (Monthly Fee)
-
Mortgage Security Registration Fee
Subject to State Government Requirements
Break Cost Fee (fixed rate loans)
Refer to Loan Contract
Lenders' Mortgage Insurance
Price Available on Application
Mortgage Stamp Duty
Subject to State Government Requirements

Standard Home Loan

Property Valuation
$300
Progress Draw Fee (construction loans)
$110
Legal Fee
$430
Legal Fee (Trust Deed Review)
$132
Security Variation
$300
Product Switch
$300
Redraw (Online / in branch)
$10 / $25
Loan Top-up
$250
Security Guarantee
$50
Changes to Loan Contract
$150
Direct Debit Dishonour Fee
$15
Discharge Fee
$300
Offset Facility (Monthly Fee)
$5
Mortgage Security Registration Fee
Subject to State Government Requirements
Break Cost Fee (fixed rate loans)
Refer to Loan Contract
Lenders' Mortgage Insurance
Price Available on Application
Mortgage Stamp Duty
Subject to State Government Requirements

Platinum Home Loan

Property Valuation
$300
Progress Draw Fee (construction loans)
$110
Legal Fee
$430
Legal Fee (Trust Deed Review)
$132
Security Variation
$300
Product Switch
$300
Redraw (Online / in branch)
$0 / $25
Loan Top-up
$250
Security Guarantee
$50
Changes to Loan Contract
$150
Direct Debit Dishonour Fee
$15
Discharge Fee
$300
Offset Facility (Monthly Fee)
$0
Mortgage Security Registration Fee
Subject to State Government Requirements
Break Cost Fee (fixed rate loans)
Refer to Loan Contract
Lenders' Mortgage Insurance
Price Available on Application
Mortgage Stamp Duty
Subject to State Government Requirements

Platinum Professional Home Loan

Property Valuation
$300
Progress Draw Fee (construction loans)
$110
Legal Fee
$430
Legal Fee (Trust Deed Review)
$132
Security Variation
$300
Product Switch
$300
Redraw (Online / in branch)
$0 / $25
Loan Top-up
$250
Security Guarantee
$50
Changes to Loan Contract
$150
Direct Debit Dishonour Fee
$15
Discharge Fee
$300
Offset Facility (Monthly Fee)
$0
Mortgage Security Registration Fee
Subject to State Government Requirements
Break Cost Fee (fixed rate loans)
Refer to Loan Contract
Lenders' Mortgage Insurance
Price Available on Application
Mortgage Stamp Duty
Subject to State Government Requirements
Fees & Charges Schedule
  • The Little Details

    Products issued by Southern Cross Credit Union Ltd. 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.

    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.

    *The comparison rate is based on a $150,000 loan repayable over 25 years

    12.79%p.a. for the first year, after which the Platinum Home Loan variable rate will apply (currently 3.83%p.a.). Intro rate only available on new owner occupied, principle & interest Platinum Home Loans with a minimum loan amount of $250k. Not available through Broker introduced business or for Investment Loans. Valid for new loan applications received from 1 October 2019 to 30 November 2019 and settled by 31 January 2020. Offer current as of 1 September 2019. Credit eligibility criteria, fees and charges, terms and conditions apply.

We have been with SCCU for over 45 Years and for the last 24 of them with our business as well. The staff are amazing people to do your banking with and the loans division make every buying and selling experience so easy. Our little hiccups have never been a drama for the staff to help us solve and nothing is ever too much trouble to help us along the way to building our business through banking. Their rates are always competitive and we would never consider another bank or financial institution for all our needs. Loyal staff and loyal friends = Best Bank Ever.
Neil & Kathalina
Buying Your First Home
James Adderley

Buying your first home can be a fun but daunting experience. Below is a brief summary of the process you may go through as a buyer from saving a deposit, to settling on your new home. Doing your research is essential to getting the right outcome from your property...

Buying your first home can be a fun but daunting experience. Below is a brief summary of the process...

Read More
Lenders Mortgage Insurance (LMI) Explained
James Adderley

Achieving the dream of home ownership can be one of the most exciting times in your life. At times however, it can seem unattainable due to how long it takes to save a deposit. Lenders' Mortgage Insurance (LMI) enables us to accept deposits less than 20% for some home...

Achieving the dream of home ownership can be one of the most exciting times in your life. At times...

Read More
What do comparison rates tell us?
James Adderley

Comparison rates help us to compare loan products. They are designed to enable us to compare apples with apples, when it comes to the total cost of lending products, but unfortunately they don't paint the whole picture. What is a Comparison Rate? A comparison rate provides a simplified way to compare...

Comparison rates help us to compare loan products. They are designed to enable us to compare apples with apples,...

Read More
What’s your credit score?
James Adderley

Your Credit Score can sometimes be the difference between moving into your dream home and living in a crummy rental for eternity. But do any of us really know what a Credit Score is or what it means? So, this week I applied for a new credit card. Going through...

Your Credit Score can sometimes be the difference between moving into your dream home and living in a crummy...

Read More