variable rate (P&I) home loan
Variable interest rate
Comparison rate*
For new owner occupied P&I home loans $150k and over
Interest is calculated daily on the outstanding balance, and charged monthly in arrears on the last day of each month. Refer to our rates and fees for more information.
Fees applicable to this product include:
Important documents:
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The Works Package owner occupied variable | |||
Interest Rate | Comparison Rate* | ||
2 year intro special1 (P&I) | 1.99% p.a. | 2.93% p.a. | |
Variable (P&I) | 2.50% p.a. | 3.01% p.a. | |
Variable (IO) | 3.25% p.a. | 3.74% p.a. |
1For new home loans >$150K, after your introductory special term expires, it will revert to The Works Package owner occupied, variable principal & interest rate.
The Works Package investment variable | |||
Interest Rate | Comparison Rate* | ||
2 year intro special1 (P&I) | 2.99% p.a. | 3.74% p.a. | |
Variable (P&I) | 3.30% p.a. | 3.79% p.a. | |
Variable (IO) | 3.30% p.a. | 3.79% p.a. |
1For new home loans >$150K, after your introductory special term expires, it will revert to The Works Package Investment, variable principal & interest rate.
Rates current as at 05/11/20 and are subject to change. Available for The Works Package Owner occupied variable P&I loans. For new home loans >$250K. Home loan repayments must be direct debited from an Illawarra Credit Union transaction account. Annual fee payable yearly. Credit eligibility criteria, terms & conditions, fees & charges apply. Please refer to the Credit Fees and Charges brochure. For our complete package conditions, review The Works Package Conditions of Use.
*Comparison rates are calculated on a loan amount of $150,000 over a term of 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. Eligibility criteria, terms & conditions, fees & charges apply. Please refer to the Credit Fees and Charges brochure.
Illawarra Credit Union Limited ABN 14 087 650 771 AFSL/Australian credit licence 245576
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