Bare Essentials
variable rate (P&I) home loan
Variable interest rate
Comparison rate*
what's included.
It’s a low rate owner-occupied P&I home loan with the bare essentials so you can decorate your home, not your loan.
Everyday.
It comes with an Everyday transaction1 account to make your repayments, without any monthly account keeping fees.
The choice is yours.
We give you the option to make additional repayments.
Redraw.
Easy access to your cash with our redraw facility.
Flexibility.
The flexibility to choose from weekly, fortnightly or monthly payment options.
calculate your repayments.
Enter amount $30k to under $150k to get started
loan amount
loan type
repayments
years
Variable interest rate
Comparison rate*
#Note: The results from this calculator should be used as an indication only. Results do not represent either quotes or pre-qualifications for a loan. Illawarra Credit Union may not provide loans with the details indicated in the calculator. The specific details of your loan will be provided to you in your loan contract. It is advised that you consult your financial adviser before taking out a loan. Fees & charges may apply.
apply for a loan online
are you?
- At least 18 years old
- An Australian citizen or permanent resident.
Do you have?
- About 20 minutes
- Documents to prove your identity (POI)
- Your membership number if you already bank with us.
select get started.
After you apply, one of our lenders will be in touch within 1 business day.
get startedInterest & fees
Fees applicable to this product include:
- Application fee: waived (usually $600)
- Valuation fee: at cost
- Legal fees: at cost
- Other fees may apply
- We’re also waiving the $6 monthly account keeping fee on the Everyday account while the Bare Essentials home loan is held (other fees and charges may apply).
Refer to the Credit Fees and Charges brochure and Fees, Charges and Transaction Limits brochure for more information. Click here to view the Home Loan Key Facts Sheets.
To reduce or cancel your credit limit, click here.
| Variable rate | Interest rate | Comparison rate* |
| Variable (P&I) | 4.24% p.a. | 4.29% p.a. |
important notes
1. All loan repayments must be made from the Everyday account. The $6 monthly account keeping fee is waived while the home loan is held.
Variable rate shown is for owner occupied loans less than $150,000. *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.
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