Fixed rate home loan

Salary sacrifice your home loan

Standard fixed salary sacrifice mortgage 3 year fixed rate (P&I) home loan

For owner occupied fixed home loans

4.14% p.a.

Fixed interest rate

3.31% p.a.

Comparison rate*

Salary sacrifice your mortgage

Any advice given is of a general nature only and does not take into consideration your personal circumstances. Please consider the appropriateness of the advice before acting. 

Eligibility:

  • Owner occupied home loans: Salary sacrificing is only available for an owner-occupied homes.
  • Employer approval: Check with your employer to see if you can salary sacrifice your home loan. You’ll also need to provide us with confirmation from your employer, to be eligible for our special rate.

Benefits:

  • Convenience: Salary sacrificing your loan payments directly paying your mortgage from your salary means you no longer manage the payment yourself.
  • Speak to your account: Chat to your accountant for tax advice.

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*
2 year (P&I) 3.59% p.a. 3.11% p.a.
3 year (P&I) 4.14% p.a. 3.31% p.a.

After your fixed term expires, it will revert to the Standard salary packaging principal & interest variable owner occupied 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 standard salary packaging owner occupied 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

Prefer to split your loan? We’ve got you covered.

If you like the certainty of fixed repayments but also want the flexibility that a variable product provides, then chat to us about splitting your home loan. You decide what’s right for you.

View our Variable options

Not sure what's best for you?

Apply now.

Already a customer?

Apply in internet banking

New customer?

Apply online