Variable Invest Home Loan

variable rate (P&I) home loan

Variable interest rate

4.30% p.a.

Comparison rate*

4.35% p.a.

For new investment P&I home loans $250k and over

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what's included.

100% Offset account.

It comes with a 100% offset account with the ability to make repayments straight from your offset account.

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.


Easy access to your cash with our redraw facility.


The flexibility to choose from weekly, fortnightly or monthly payment options.

calculate your repayments.

Enter amount $250k and over to get started

loan amount

loan type



Variable interest rate

4.30% p.a.

Comparison rate*

4.35% 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.

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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.

Fees applicable to this product include:

  • Application fee: waived (usually $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.

Variable Rate Interest rate Comparison rate*
Variable (P&I) 4.30% p.a. 4.35% p.a.
Variable (IO) 4.40% p.a. 4.45% p.a.

important notes

Variable rate shown includes 0.75% p.a. discount off the Standard Variable Investment rate.  Variable rate shown is for investment loans $250,000 and over.  *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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