The standard fixed rate

The standard 3 year fixed rate (P&I) home loan

For owner occupied fixed home loans

5.19% p.a.

Fixed interest rate

4.70% p.a.

Comparison rate*

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What’s Included

No Ongoing Fees

Set and forget with no ongoing or annual fees on your home loan.

Choose Your Term and Lock In your rate

Choose what works for you with 1,2, and 3 year fixed term options. Your interest rate will remain the same for the chosen term of your fixed rate home loan.

Flexible repayment methods

Choose how you make your repayments, including transfers, Osko, EFT or cheque.

Split Loan Option

Slice and dice your home loan with fixed and variable options. By combining the two, you can enjoy the security of a fixed rate and the flexibility of a variable


It’s easy to apply online

Here’s what you’ll need to apply online

  • Be at least 18 years of age or older
  • Be an Australian citizen, permanent resident, or have a valid visa
  • Receive a regular income
  • Have your membership number if you already bank with us

What you’ll need

  • An email address and contact number
  • Member number (If you’re already a member)
  • Australian driver’s licence, Medicare or passport details
  • Employment and income details
  • Details of your assets, expenses and liabilities

Things you need to know

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:

  • Application fee: $600
  • Valuation fee: at cost (minimum $250) payable at funding for costs incurred in obtaining a valuation
  • Legal fees: at cost (minimum $440) payable
  • Other fees may apply

Important documents:

To reduce or cancel your credit limit, click here.

The standard owner occupied fixed   
Interest Rate Comparison Rate*
1 year (P&I) 3.79% p.a. 4.43% p.a.
1 year (IO) 4.59% p.a. 4.50% p.a.
2 year (P&I) 4.49% p.a. 4.50% p.a.
2 year (IO) 4.89% p.a. 4.57% p.a.
3 year (P&I) 5.19% p.a. 4.70% p.a.
3 year (IO) 5.29% p.a. 4.72% p.a.

After your fixed term expires, it will revert to the Standard principal & interest variable owner occupied interest rate.

The standard investment fixed   
Interest Rate Comparison Rate*
1 year (P&I) 4.14% p.a. 5.06% p.a.
1 year (IO) 4.34% p.a. 5.07% p.a.
2 year (P&I) 4.89% p.a. 5.11% p.a.
2 year (IO) 4.99% p.a. 5.13% p.a.
3 year (P&I) 5.20% p.a. 5.18% p.a.
3 year (IO) 5.39% p.a. 5.24% p.a.

After your fixed term expires, it will revert to the Standard principal & interest variable investment interest rate.

Extra tools and benefits

Borrowing power calculator

Learn how much you can borrow and see what your repayments could be by using our online borrowing power calculator. Simply enter your income and expenses to receive an estimate. Determine your borrowing power.

Lenders Mortgage Insurance

Are you interested in entering the property market but not sure if you have the right deposit? Consider taking out Lender Mortgage Insurance (LMI).

Tips for refinancing

Learn more about how to refinance your home loan to Illawarra Credit Union, so you can enjoy the mutual difference. Great Value. Great Service. #MakeTheMove

Important notes

Owner occupied Fixed rate reverts to our owner occupied variable rate P&I after the fixed period. Investment fixed rate reverts to our investment variable rate P&I after the fixed period.

*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 Fees and Charges.

Grandfathered Fees & Transactions

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