Queenslanders Credit Union Home Loans

Rates and Fees verified correct on March 26th, 2017
Queensland Credit Union

Queenslanders Credit Union has been providing financial services to its local communities for over 50 years. Read on to see what types of home loan they can offer you.

Queenslanders Credit Union was founded in 1963 and now has more than 20,000 members. It is dedicated to providing quality financial products, affordable fees and competitive interest rates. It is now the sixth largest credit union in Queensland.

Compare Queenslanders Credit Union home loans

Rates last updated March 26th, 2017
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Loan purpose
Offset account
Loan type
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Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment
Queenslanders Credit Union Bridging Loan - end debt > $50,000
Available credit line for when you are between selling and buying where the end debt is $50k or more.
5.54% 4.80% $595 $100 p.a. 95% More info
Queenslanders Credit Union Bridging Loan - end debt < $50,000
A credit home loan which allows you to access funds whilst your existing property is for sale.
5.79% 4.82% $595 $100 p.a. 95% More info
Queenslanders Credit Union Interest Only Home Loan - > 250k
Borrow from $250000 loan amounts. $1,000 cash back available. Terms and conditions apply.
4.61% 4.53% $595 $100 p.a. 95% More info
Queenslanders Credit Union Interest Only Home Loan - < 250k
Borrow up to $249999 loan amount. $1,000 cash back available. Terms and conditions apply
4.84% 4.78% $595 $100 p.a. 95% More info
Queenslanders Credit Union Home Action Account
The Queenslanders Credit Union Home Action Account is designed for all your home loan and everyday banking needs. $1,000 cash back available. Terms and conditions apply.
5.24% $595 $8 monthly ($96 p.a.) 80% More info
Queenslanders Credit Union Fixed Rate - 3 Years (P&I)
Borrow from $50000 up to $3000000. $1,000 cash back available. Terms and conditions apply.
4.34% 4.63% $595 $0 p.a. 97% More info
Queenslanders Credit Union Fixed Rate - 2 Years (P&I)
Borrow from $50000 up to $3000000. $1,000 cash back available. Terms and conditions apply.
4.39% 4.67% $595 $0 p.a. 97% More info
Queenslanders Credit Union Fixed Rate - 1 Year (P&I)
Flexibility of repayment frequency is available. $1,000 cash back available. Terms and conditions apply.
4.29% 4.68% $595 $0 p.a. 97% More info
Queenslanders Credit Union Original Home Loan
$0 ongoing service fee with offset account and interest only option available. $1,000 cash back available.Terms and conditions apply.
4.68% 4.72% $595 $0 p.a. 95% More info
Queenslanders Credit Union Ultimate Home Loan
A loan with redraw facility and 100% offset account and a linked transaction account. $1,000 cash back available. Terms and conditions apply.
4.45% 4.53% $595 $100 p.a. 95% More info

What does Queenslanders Credit Union do?

Queenslanders Credit Union provides a full range of financial services including business banking, savings accounts, credit and debit cards, insurance solutions and financial planning advice.

It also offers a range of home loans with affordable repayment options. There are loans with fixed and variable rates, flexible repayment options, and even the Queenslanders Ultimate Home Loan package which offers a range of features and discounts. Read on to find out more about the home loans offered by Queenslanders Credit Union.

Home loans offered by Queenslanders Credit Union

Queenslanders ultimate home loan

As its name suggests, this is the signature home loan option from Queenslanders Credit Union. It comes packed with features including free mortgage offset, free redraw facility, extra repayments allowed with no penalty, and an interest-only option. This loan is available for both owner-occupiers and investors.

The original home loan

The Original Home Loan has the same features as the Queenslanders Ultimate Home Loan but it is created for borrowers who need to borrow a smaller amount of money. The interest rate is higher compared to the Ultimate Home Loan but this offering comes with free mortgage offset, free redraw facility, no penalty for extra repayments, and an interest-only option.

Fixed rate loan

If you want to know what your repayments will be in advance, the Fixed Rate Loan offers the certainty you crave. It allows you to budget in advance and relax knowing that your repayments won’t increase even if the market interest rates do. Some of the features of this loan include a free redraw facility, no regular service fees, extra repayments allowed with no penalty, and an interest-only option.

Home action account

This is a loan and transactional account in one. This overdraft-style home loan offers flexibility to prospective borrowers. The interest on this loan is calculated daily and every dollar you deposit counts towards paying off the home loan.

About how to compare home loans so you make an informed choice.

Pros and cons of Queenslanders CU home loans

Pros

  • Pre-approvals. Be in a strong bargaining position when it comes to negotiating the price of the property you want to buy. Getting a pre-approval lets you know how much you can borrow so you won’t overcommit yourself.
  • Redraw facility. Every home loan from Queenslanders Credit Union has this facility to ensure that you can make extra repayments and save on interest costs when possible. There is no minimum redraw amount.

Cons

  • Queensland only. As a community-based organisation, Queenslanders Credit Union only has branches in Queensland.

How to apply for a Queenslanders Credit Union home loan

The process of applying for a Queenslanders Credit Union home loan is quick, efficient and hassle-free. The credit union gives you three ways to apply:

  • Apply online. Fill out a form online and submit.
  • Download the form. If you prefer to provide your details on paper, simply download the application form and fill it out.
  • Talk to a representative. Visit any Queenslanders Credit Union branch to talk to a home loan specialist about your options.

Documents needed to apply for a Queenslanders Credit Union home loan

Personal information

  • You’ll need to provide evidence of your identity which may include your Driver’s License or passport, in addition to any supporting documents.

Property information

  • Details about the property’s value and location
  • Information regarding your deposit
  • The name of your solicitor and their contact details

Financial information

  • Details about your income
  • Employer contact details
  • Information about your assets, including other investments and property.
  • The details of your debts and liabilities including other loans and credit cards.
  • It should be noted that applying with someone else will mean they will need to provide the same financial details.

Queenslanders Credit Union is a highly rated and award winning loan provider. It may be a good idea to add one of their products into your next home loan comparison.

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This page was last modified on 3 March 2017 at 4:38pm.

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