Loans

Loans - EECU

Effective date:
Thursday 16 October 2014

Listed below are the currrent loan rates. For previous rates please click here.

Home and investment loans




Standard loan


A straightforward loan with a redraw facility during variable interest terms. No ongoing fees.
% p.a.
Comparison
rate % p.a.

Variable interest:
up to $349k^
5.52
5.572


$350k - $699k^
5.42
5.472


$700k plus^
5.37
5.422

Fixed interest:
1 year
4.94
5.514

2 years
4.99
5.474

3 years
5.14
5.464



EECU Package loan


A fully featured loan - 100% offset facility during variable interest terms plus fee waivers and discounts. Package fee of $325 p.a. applies.
% p.a.
Comparison
rate % p.a.

Variable interest:
up to $349k^
5.32
5.622


$350k - $699k^
5.22
5.522

$700k plus^
5.12
5.422

Fixed interest:
1 year
4.84
5.574

2 years
4.89
5.544

3 years
5.04
5.544



First Home Owner Package loan


Same features and annual fee as EECU Package but with a discounted rate. Available to members who have not previously owned property in Australia.
% p.a.
Comparison
rate % p.a.

Variable interest:
up to $349k^
5.22
5.522


$350k - $699k^
5.12
5.422


$700k plus^
5.12
5.422

Fixed interest:
1 year
4.84
5.494

2 years
4.89
5.464

3 years
5.04
5.474



Bridging loan

(variable interest)
A loan to help you purchase your next property before selling your current one - maximum 12 month term.
% p.a.
Comparison
rate % p.a.

Up to $349k^
5.52
5.582,5

$350k - $699k^
5.42
5.482,5

$700 plus^
5.37
5.432,5



Car Loans

(variable interest)


Car loans with a range of interest rates according to the security offered.
% p.a.
Comparison
rate % p.a.


New car
(including demonstration models)
8.79
9.041
Premium used car
9.79
10.041
Used car
11.29
11.541


Personal Loans

(variable interest)


A straightfoward loan for any worthwhile purpose.
% p.a.
Comparison
rate % p.a.

Unsecured
13.29
13.953
Deposit secured
5.52
5.691

We also offer Secured Personal loans using your existing mortgage. Please ask for more information.

Continuing Credit

(variable interest)


Visa Platinum Credit Card
Receive up to 46 days interest-free on purchases, and an innovative cash rewards program.
% p.a.
Purchases
18.99
Cash advances
18.99



Line of credit
A continuing credit option which allows you to access the equity in your home or investment property.
% p.a.
Up to $349k^
6.52
$350k plus^
6.42


Overdrafts
Have the option of extra money on stand-by. Linked to your Access account to see you through times when you need a little extra money.
% p.a.
Mortgage secured
6.52
Unsecured
13.55

Notes to all loan accounts

Interest rates are for products currently on offer by EECU. Rates are subject to change at the discretion of the credit union.

Fees and charges may apply. Terms and conditions, fees and charges are available from either the Melbourne or Sale office.

^ Rate tier for mortgage loans determined at time of original funding and based on longer term funding requirement.


Comparison rates

1. Based on secured loan of $30K for a term of 5 years.
2. Based on secured loan of $150K for a term of 25 years.
3. Based on unsecured loan of $10K for a term of 3 years.
4. After the fixed rate period, the comparison rate calculation is based on secured loan of $150K for a term of 25 years.
5. Bridging loan comparison rates are included for the amounts and terms required by legislation, however EECU does not offer bridging loans for terms longer than 12 months.

WARNING: The comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.