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Loans

Loans - EECU

Effective date:
Monday 26 September 2016

 Click here to print our current loan rates listed below.

Owner Occupied Home Loans




Platinum Home Loan


A comprehensive banking package with significant interest discounts and a range of features including a Visa Platinum Credit Card and more.
% p.a.
Comparison
rate % p.a.

Variable interest:
up to $349k^
4.35
4.732

$350k - $699k^
4.20
4.592

$700k plus^
4.10
4.492
Fixed interest:
1 year
3.95
4.704

2 years
3.75
4.634

3 years
3.75
4.584
Line of Credit
up to $349k^
4.85
N/A
$350 - $699k^
4.70
N/A
$700k plus^
4.60
N/A



Essentials Home Loan


A straightforward loan with a low interest rate and redraw facility, without all the added extras of the Platinum Home Loan.
% p.a.
Comparison
rate % p.a.

Variable interest:
4.30
4.442



Standard Home Loan


A straightforward loan with a competitive rate offering flexibility to make extra payments and the option of a 100% offset facility
% p.a.
Comparison
rate % p.a.

Variable interest:

5.10
5.242
Fixed interest:
1 year
4.05
5.134

2 years
3.85
5.004

3 years
3.85
4.904
Line of Credit

5.60
N/A

Residential Investment Loans




Platinum Home Loan


A comprehensive banking package for investment purposes offering significant interest discounts and more.
% p.a.
Comparison
rate % p.a.

Variable interest:
up to $349k^
4.60
4.982

$350k - $699k^
4.45
4.832

$700k plus^
4.35
4.732
Fixed interest:
1 year
4.20
4.944

2 years
4.00
4.874

3 years
4.00
4.824
Line of Credit
up to $349k^
5.10
N/A
$350k - $699k^
4.95
N/A
$700k plus^
4.85
N/A



Standard Home Loan


A straightforward loan for investors with a competitive rate offering flexibility to make extra payments and the option of a 100% offset facility.
% p.a.
Comparison
rate % p.a.

Variable interest:

5.35
5.492
Fixed interest:
1 year
4.30
5.384

2 years
4.10
5.254

3 years
4.10
5.154
Line of Credit

5.85
N/A



Bridging Loan


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

Owner Occupied

5.10
5.162,5
Residential Investment

5.35
5.412,5



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)
7.89
8.141
Premium used car
8.89
9.141
Used car
10.39
10.641



Personal Loans

(variable interest)


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

Unsecured
12.39
13.053
Deposit secured
4.55
4.721

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
18.54
Cash advances
18.54


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.
Unsecured
12.85

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 branch.

^ 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.