You are here:

In this section

EECU Package loan

Features - EECU

Key Features


Variable interest rate
Significant discounts from the banks' standard variable rates1

Fixed interest rate
Discount provided from EECU's Standard loan fixed rate

Loan term
Maximum 30 years

Minimum amount
$10,000

Maximum amount
Refer to an EECU loans officer for details

Purpose
Home or land purchase, building and investment

Repayment options
Principal & Interest or Interest only

Repayment frequency
  • Principal & Interest loans
Weekly, Fortnightly or Monthly

  • Interest only loans
Monthly

Additional payments
(Not available in interest only or fixed interest periods. Break Cost fee may apply during fixed interest rate period.)
Early repayment
(Break Cost fee may apply during fixed interest rate period)
Offset facility
  • Available
(Not available during fixed interest rate period)
  • Level of offset
100%

  • Fully transactional
Includes EECU cards, cheque book and other transaction methods

Redraw facility
  • Available
(Not available during interest only or fixed interest rate periods)
  • Redraw via internet
Free
  • Redraw via telephone
Free
  • Redraw staff assisted
Fee applies

  • Minimum amount
$500
Loan Repayment Insurance available

Other benefits
  • Full transactional facilities including Visa card and cheque book
  • Free account transactions2

  • 10% discount on home and/or contents insurance
  • $100 discount on consumer credit insurance premium
  • 20% discount on conveyancing (when using an EECU nominated solicitor)
  • Pre-approved overdraft ($5,000)
  • Various EECU loan fees waived (includes fees for progress payments, further advances, contract variation, switching and personal loan applications)
Settlement fee
Nil
Package fee
$325 pa (payable in advance)

1. Based on an average of the interest rates applying to the 'Standard Variable Home Loans' offered by major banks
2. Subject to conditions of EECU Transaction Fee Plans