The Works Fixed Rate Home Loan

2 year fixed rate (P&I) home loan

Fixed interest rate

2.89% p.a.

Comparison rate*

3.25% p.a.

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

apply now calculate repayments

what's included.

Slice and dice.

Available as part of a split loan option.

Manage it your way.

Track your loan with e-statements, internet banking & our moneytree app.

Flexible interest options.

Select from principal & interest or interest only.


It comes with an Everyday transaction1 account to make your repayments, without any monthly account keeping fees.

calculate your repayments.

Enter amount $150k and over to get started

loan amount

loan type



Fixed interest rate

2.89% p.a.

Comparison rate*

3.25% p.a.
#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 started

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.

To find out how to reduce your credit limit, contact us.

Fees applicable to this product include:

  • Annual fee of $250
  • Application fee: $600
  • Valuation fee: at cost
  • Legal fees: at cost
  • Other fees may apply.

Refer to the Credit Fees and Charges brochure and Fees, Charges and Transaction Limits brochure for more information.

To reduce or cancel your credit limit, click here.

Fixed Term Interest rate Comparison rate*
The Works 1 year fixed (P&I) 2.79% p.a. 3.24% p.a.
The Works 1 year fixed (IO) 2.79% p.a. 3.24% p.a.
The Works 2 year fixed (P&I) 2.89% p.a. 3.25% p.a.
The Works 3 year fixed (P&I) 2.89% p.a. 3.24% p.a.

important notes

1Home loan repayments must be direct debited from an Illawarra Credit Union transaction account. Annual fee payable yearly. For new owner-occupied loans only. The Works Fixed P&I and IO rate reverts to The Works Principal & Interest Rate 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 Credit Fees and Charges brochure. 

Speak to a lending specialist today.

We’ve updated our branch hours of operations. Click here for more information.