Exclusive Offers

The Works Package 3 year fixed special + $2,000 cashback + $1,282 fees waived2

3 year fixed rate (P&I) home loan

Fixed interest rate

2.20% p.a.

Comparison rate*

2.90% p.a.

For new owner occupied fixed home loans $150k and over

more information


Plus $2,000 cash back in your pocket.

Available for new The Works Package 3 year fixed exclusive first home loans, approved between 1 November 2020 and 31 January 2020, with the loan settled by 28 February 2020~.


Interest & Fees:
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:

  • Package fee: $395 annual fee up to five loans
  • Application fee: $600 (waived)
  • Valuation fee: estimated at $242 (waived)
  • Legal fees: estimated at $440 (Waived)
  • Other fees may apply

Important documents:

To reduce or cancel your credit limit, click here.

The Works Package 2 year intro variable special + $1,282 fees waived2

variable rate (P&I) home loan

Variable interest rate

1.99% p.a.

Comparison rate*

2.93% p.a.

For new owner occupied P&I home loans $150k and over

more information


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:

  • Package fee: $395 annual fee for up to five loans
  • Application fee: $600
  • Valuation fee: estimated at $242
  • Legal fees: estimated at $440
  • Other fees may apply

Important documents:

To reduce or cancel your credit limit, click here.


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.

important notes

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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