Lysaght Credit Union Home Loans

Rates and fees last updated on

Lysaght Credit Union can guide you through the loan process to help purchase your home


Employees of Australia’s Bluescope Steel have extra options when taking out a home loan from Lysaght Credit Union.

Bluescope Steel of New South Wales (NSW) has established a member’s only financial institution for its employees, associates and their families. A one time $2 membership fee buys you a share into the Lysaght Credit Union and access to the products and services they provide.

At Lysaght Credit Union you are given the option of a fixed interest rate home loan, or a variable rate. For investors, there is also an interest-only option that can allow for you to invest in other opportunities. These loans carry no monthly fees or charges and come with an offset savings account and redraw facility.

Compare Lysaght Credit Union home loans

Rates last updated August 18th, 2017
Interest Rate (p.a.) Comp Rate^ (p.a.) Ongoing Fees Application Fee Max LVR Monthly Payment
3.99% 4.52% $0 p.a. $150 80%
3.99% 4.47% $0 p.a. $150 80%
4.58% 4.57% $0 p.a. $150 80%
4.58% 4.57% $0 p.a. $150 80%
4.58% 4.57% $0 p.a. $150 80%
3.99% 4.47% $0 p.a. $150 80%
3.99% 4.52% $0 p.a. $150 80%
4.58% 4.57% $0 p.a. $150 80%
4.58% 4.57% $0 p.a. $150 80%
4.58% 4.57% $0 p.a. $150 80%
4.58% 4.57% $0 p.a. $150 80%
4.58% 4.57% $0 p.a. $150 80%
4.58% 4.57% $0 p.a. $150 80%

Home loans provided by Lysaght Credit Union

Fixed Rate Home Loan

The Fixed Rate Home Loan locks in a rate for one or two years, with a discounted interest rate for the 1 year option. Loan values start at $150,000, with the interest reverting to the variable rate after the fixed term ends.

Variable Rate Home Loan

The Variable Rate Home Loan gives you a maximum term of up to 30 years with no penalty for an early repayment. With this type of home loan you can make interest-only repayments and set them up using a direct payroll deposit. Link a savings account to the home loan for savings from an offset account.

Pros and cons of Lysaght Credit Union home loans


With a home loan from Lysaght Credit Union owner occupants and investors alike can benefit from some money saving options:

  • Discounted fixed rate. An owner occupant is eligible for a discounted fixed interest rate for the first 12 months.
  • Offset account. Offset accounts provide a way for a homeowner to reduce their interest payments monthly.
  • Fees. With no monthly fees, a home owner and investor is saving thousands of dollars over the life of the loan.
  • Early repayment. There is no charge if you are able to fulfill the terms of your loan before the loan period ends.


  • Membership. Only members of the credit union are eligible for any of these home loan products. You can apply for membership online if you meet their requirements.
  • Application. You can only apply for the home loan at one of the two credit union branches.

How to apply for a Lysaght Credit Union home loan

Lysaght Credit Union welcomes it members to their offices to speak to a loan specialist.

  • Head office. The main branch of Lysaght Credit Union is located in Wollongong, NSW.
  • On plant. Employees are also able to visit with a loan specialist at the plant.
  • Email and phone. You can also contact the credit union by email or over the phone.

Documents needed to apply for a Lysaght Credit Union home loan

Personal information

Proving your identity is the first step in applying for a home loan. When preparing to fill out your application have the following:

  • Membership number. Information about your membership with the credit union will be needed.
  • Photo identification. A current driver’s licence or passport will be sufficient.

Property information

Whether you are an owner occupant or investor, you are still going to need to supply information about the property you are purchasing:

  • Sales contract. The sales contract provides the details of the transaction between you and the seller including property price and down payment.
  • Title certificate. A certificate of title shows that the seller has the legal right to enter into a contract regarding the property.
  • Transfer of land. There will be a document created that shows the transfer of ownership has been completed to reflect the name of the borrower.

Financial information

A financial institution has an obligation to ensure that you have the resources to meet the terms of your home loan. To meet that obligation they will ask for the following:

  • Income. Using pay slips you can provide information about your weekly or fortnightly earnings as well as what you have earned year to date.
  • Liabilities and expenses. This includes all of your monthly financial obligations including credit cards and other loans.
  • Assets. Any items you own of significant value will be taken into consideration. These include savings and investment accounts, automobiles and other property.
Was this content helpful to you? No  Yes

This page was last modified on 20 July 2016 at 4:19pm.

Bank Australia Basic Home Loan - Variable (Owner Occupier)

A competitive variable rate that allows borrowers to borrow a minimum of $100,000 with a $0 ongoing fee.

NAB Choice Package Home Loan - 2 Year Fixed (Owner Occupier P&I)

A fixed rate package with flexible repayment options. 350K NAB Rewards Points offer available. Terms and conditions apply.

Greater Bank Ultimate Home Loan - Discounted 1 Year Fixed LVR ≤85% ($150K+ Owner Occupier)

Discount off an already competitive interest rate for loans over $150k. NSW, QLD and ACT residents only.

IMB Budget Home Loan - LVR <=90% (Owner Occupier)

Get a competitive rate without features you may not use.

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, read the PDS or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and Privacy Policy.
Ask a question