Why choose an SCU Home Loan?

You shouldn’t spend a cent more than you have to. So, wherever possible, we’ll help you to hold on to your cash. Here are a few examples:

We don’t charge monthly fees

That’s it. No account fees, no hidden extras, no unwanted surprises.

Increase the frequency, lower the cost

You can repay your loan fortnightly or weekly, instead of monthly. That will reduce the total interest you pay - often by a lot of dollars. And you can change your repayment schedule whenever you want to. Just let us know.

Pay less interest, pay less tax

If you have $1,000 or more in your daily account, we can balance this against your home loan. It’s called an ‘offset’. This does two good deeds for you. Firstly, you save money because the interest you pay on your loan is usually more than the interest you receive on your savings. Secondly, as far as the tax office is concerned, you haven’t actually earned any interest, so there is no tax to pay on it.

Deposit and redraw your extra cash

You can use extra cash that comes your way, even temporarily, to reduce your loan. This will immediately lower the amount of interest you pay. And if you keep up the same repayments as before, your loan balance will plummet. If you need the money back, just withdraw it.

Save some memory cells too

We can help you to set up automatic repayments from your pay or direct debits from your account. This saves you from having to remember payment dates and makes sure that you don’t miss any.

Borrow up to 95%

We can help you with a loan that covers also the full purchase price of your property. But, there is some small print. If your loan is for more than 80% of the value of the property, you will need to take out mortgage insurance.

Take your home loan when you move

If you move to a new home, your loan can move with you. You don’t have to go through another full application process. We’ll keep it simple.

Money from the Government

If you are buying your first home, we can also help you to receive the First Home Owner Grant. It gives us a great deal of pleasure to bring our customers free money.

Use your property to buy other important things

You can use your property to help you make other major purchases. Anything from an investment property to a parcel of shares to a boat, holiday, school fees or lavish graduation party. Because your loan is secured by your property, you keep the same generously low interest rate as your home loan, along with all the good features.

More Information

• Refinance your home loan to SCU
• How much will your loan repayments be?
• Where can you afford to buy?
• Other loan calculators
• Interest rates and charges
• Protect yourself with Loan Repayment Insurance
• Read our guide to buying a home
• More questions? Check out our FAQs

Apply

Apply for a Home Loan

Questions?

If you have any questions, please contact us