Salary Package Home loan

what's included.

100% Offset Account

Deposit your money into a 100% offset account, letting you reduce the interest on your home loan.

Redraw facility

Enjoy the flexibility of making extra payments and you can redraw your funds when you need them.

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.

The pays

Tap your own way - Google Pay™, Apple Pay®, Samsung Pay®, Fitbit Pay™ and Garmin Pay™.

Speak with a home loan Lender

book an appointment

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: Find out how you could pay less tax.

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: waived (usually $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.

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

QBE home & contents

Take out QBE insurance with us and you’ll get a 20% rebate on your first annual home and contents insurance premium#. Request a quote.

important notes

*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.

#Insurance issued by QBE Insurance (Australia) Limited ABN 78 003 191 035 AFS Licence 239545. Terms, conditions and acceptance criteria apply. Cover limits apply as set out in the policy wording. This material does not take into account your personal needs, objectives and financial circumstances and you should consider whether it is appropriate for you. Please read the Product Disclosure Statement to decide if a product is right for you. # Multi-policy discount is available on your first policy after renewal and is only available for Home, Landlords and Motor Vehicle policies that are purchased through the same financial institution. Insurance issued by QBE Insurance (Australia) Limited ABN 78 003 191 035 AFS Licence 239545 Illawarra Credit Union will not be held responsible for the information contained within a site accessed via this site. Should you enter another site through such links, the content will not have been produced, checked for accuracy, or reviewed by the Credit Union. Any endorsements or any opinions offered are not necessarily those of the Credit Union.”

Google Pay: Google Pay supports Illawarra Credit Union VISA debit cards. Requires an Android phone running Kit Kat (4.4) or higher and supports NFC (Near Field Communication) and HCE (Host Card Emulation). Terms and conditions apply to the use of Google Pay. Android, Google Pay, and the Android Logo are trademarks of Google Inc. The Android Robot is reproduced or modified from work created and shared by Google and used according to terms described in the Creative Commons 3.0 Attribution License.

Apple Pay: Apple Pay works with iPhone 6 and later in stores, apps and websites in Safari; with Apple Watch in stores and apps; with iPad Pro, iPad Air 2 and iPad mini 3 and later in apps and websites; and with Mac in Safari with an Apple Pay enabled iPhone 6 or later or Apple Watch. For a list of compatible Apple Pay devices, see https://support.apple.com/km207105. Apple, the Apple logo, Apple Pay, Apple Watch, iPad, iPhone, Mac, Safari, and Touch ID are trademarks of Apple Inc., registered in the U.S. and other countries.

Samsung Pay: Samsung Pay is a registered trademark of Samsung Electronics Co., Ltd. Devices compatible with NFC point of sale terminals for contactless transactions include Samsung Galaxy Note 5, Galaxy S6, Galaxy S6 edge, Galaxy S6 edge+, Galaxy S7, Galaxy S7 edge, Galaxy A5, Galaxy A7, Galaxy S8 and Galaxy S8+. All devices are compatible with MST point of sale terminals for swipe transactions except for Galaxy S6, Galaxy S6 edge and Gear S2. * Only compatible with Galaxy S8 and Galaxy S8+. † Loyalty cards are not available on Samsung Pay on Gear.

Fitbit Pay: Fitbit Pay is available on Fitbit Iconic and Fitbit Versa. Fitbit and the Fitbit logo are trademarks or registered trademarks of Fitbit, Inc. in the U.S. and other countries. The Fitbit app is available on iOS and Android devices. Any advice given is of a general nature only and does not take into consideration your objectives, financial situation or needs.

Garmin Pay: Compatible devices can be found here. Garmin, the Garmin logo, and the Garmin delta are trademarks of Garmin Ltd. or its subsidiaries and are registered in one or more countries, including the U.S. Garmin Pay is a trademark of Garmin Ltd. or its subsidiaries. Any advice given is of a general nature only and does not take into consideration your objectives, financial situation or needs.

 

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 Fixed home loan

Not sure what's best for you?