SCU Home Loans Comparison

Rates and Fees verified correct on December 8th, 2016
SCU Home Loans

Compare home loan offers from SCU

SCU offers high-quality banking solutions to help its members save and make more money. As a credit union, SCU is not a listed company and is under no pressure to maximise profits for shareholders. Instead, SCU focuses on putting its profits towards serving its members.

Get $500 Cash back

Now with $500 cash back for all new SCU Home Loans over $150,000.

Other terms and conditions may apply please contact SCU Home Loan.

Rates last updated December 8th, 2016
$
Loan purpose
Offset account
Loan type
Your filter criteria do not match any product
Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment
SCU My Life Fixed Rate Home Loan Package - 1 Year
Lock in a competitive rate for one year. Enjoy $500 cash back, terms and conditions apply.
4.39% 4.54% $0 $350 p.a. 95% More info
SCU My Life Variable Rate Home Loan Package - $250,000 to $499,999
A competitive package loan with 100% offset account and redraw facility. Enjoy $500 cash back, terms and conditions apply.
3.97% 4.00% $0 $350 p.a. 95% More info
SCU My Life Variable Rate Home Loan Package - $150,000 to $249,999
Borrow between $150000 and $249999 with this package loan. Enjoy $500 cash back, terms and conditions apply.
4.07% 4.10% $0 $350 p.a. 95% More info
SCU My Life Variable Rate Home Loan Package - $500,000+
Enjoy a competitive interest rate when you borrow more than $500000. Enjoy $500 cash back, terms and conditions apply.
3.87% 3.90% $0 $350 p.a. 95% More info
SCU Home Equity Overdraft
A flexible line of credit that allows to access money whenever you need.
5.00% $0 $100 p.a. 70% More info
SCU Fixed Rate Home Loan - 5 Years (Owner Occupier)
A 5 years fixed rate home loan that will give you peace of mind and repayment security.
4.74% 4.92% $200 $0 p.a. 95% More info
SCU Fixed Rate Home Loan - 3 Years (Owner Occupier)
Early repayments without penalty are available, up to $10,000 p.a.
3.69% 4.44% $200 $0 p.a. 95% More info
SCU Fixed Rate Home Loan - 2 Years (Owner Occupier)
Fix your rate for 2 years and opt to split with variable rate loan.
4.00% 4.67% $200 $0 p.a. 95% More info
SCU Fixed Rate Home Loan - 1 Year (Owner Occupier)
Borrow up to 95% of property price and fix your rate for 1 year.
4.54% 4.97% $200 $0 p.a. 95% More info
SCU Interest Only Home Loan
A competitive interest only home loan perfect for investment purchases with 100% offset account.
5.00% 5.03% $200 $0 p.a. 95% More info
SCU Standard Variable Home Loan
100% offset account and redraw facility available you can also borrow up to 95% of property value.
5.00% 5.05% $200 $0 p.a. 95% More info
SCU Basic Home Loan
A basic home loan with a low interest rate and a redraw facility available. Take out a new SCU loan and enjoy $500 cash back, terms and conditions apply.
4.49% 4.54% $200 $0 p.a. 95% More info
SCU Pro Pack Home Loan - $250,000 and over
A competitive variable rate home loan when you borrow over $250000.
4.40% 4.45% $200 $0 p.a. 95% More info
SCU Pro Pack Home Loan - $150,000 - $249,999
A competitive rate with redraw facility and 100% offset account.
4.65% 4.70% $200 $0 p.a. 95% More info
SCU My Life Fixed Rate Home Loan Package - 5 Years
A great 5 years fixed rate with 100% offset account. Enjoy $500 cash back, terms and conditions apply.
4.59% 4.46% $0 $350 p.a. 95% More info
SCU My Life Fixed Rate Home Loan Package - 3 Years
Enjoy the same interest rate for 3 years fixed and borrow up to 95% LVR. Enjoy $500 cash back, terms and conditions apply.
3.69% 4.00% $0 $350 p.a. 95% More info
SCU My Life Fixed Rate Home Loan Package - 2 Years
A competitive rate with no application fee. Enjoy $500 cash back, terms and conditions apply.
3.85% 4.16% $0 $350 p.a. 95% More info

Who is SCU?

SCU is a credit union that was established in 1963. It aims to be more generous than its competitors and offers savings and term deposit accounts, credit and debit cards, insurance and financial planning

SCU also boasts a wide range of home loans, from feature-packed home loans that come with an offset account and redraw facility, to basic home loans that boast competitive interest rates and easy-to-manage benefits. Read on for more information.

Home Loans offered by SCU

Pro Pack Loan

This home loan is a feature-laden package for home buyers who want a broad range of loan services and facilities.

This loan comes with low set-up costs, flexible repayments and redraw and offset facilities. You also have the ability to make early repayments without incurring a penalty.

Basic Home Loan

If you want to keep things simple, the Basic Home Loan option may be best for your situation. It is designed to save you money with competitive interest rates and a discount off the standard variable rate. The Basic Home Loan also comes with loan repayment insurance and a redraw facility. However, it doesn’t have an offset facility.

Variable Rate Home Loan

This comprehensive home loan comes with an offset account and boasts a competitive variable interest rate. Other features include redraw and loan repayment insurance, while you can also make early repayments without penalty.

Fixed Rate Home Loan

The Fixed Rate Home Loan is designed for homeowners who want to keep their repayments fixed at a certain amount. This option is available for up to five years and this loan can also be split with a variable rate loan. Features include free 90-day rate lock, redraw facility, and the ability to make a limited amount of early repayments without penalty.

Interest-Only Home Loan

Designed for short-term purposes, the Interest-Only Home Loan comes with loan repayment insurance, redraw facility and an offset account. You can make early repayments on this loan without penalty.

Home Equity Overdraft

The Home Equity Overdraft is a flexible line of credit that allows you to repay and withdraw money up to the approved loan amount whenever you want. This option comes with a competitive interest rate, complete transaction access and flexible repayments.

About how to compare home loans

What are the benefits of choosing SCU?

  • Competitive rates. SCU offers very competitive interest rates that are often lower than the big four banks.
  • Choice. The credit union offers a variety of home loan options for members. You have the option to choose from a range of options to suit many different prospective borrowers.
  • Interest rate discounts. SCU offers interest rate discounts on some loan products if you meet certain conditions.

How to apply for a SCU home loan

SCU allows you to apply for a home loan in five ways:

  • Online. Start an online application by using SCU’s online form. You can save the form for later retrieval.
  • Mobile Lending. If you would prefer to meet a SCU representative for a face-to-face discussion, you can request to meet with a mobile lender at a place of your choosing.
  • Branch. Visit your nearest SCU branch and a representative will walk you through the application process.
  • Downloadable form. If you opt to print a form from the website, you can send your completed application form by mail, fax, or submit it in a branch.
  • Phone. SCU also offers phone support for members who have questions. You can complete the application with the help of a representative over the phone.

Documents needed to apply for an SCU home loan

Personal information

  • You’ll need to provide your name, contact details, driver’s license details (if you have one) and your address.

Property information

  • The type of property, price and your deposit size
  • The name and contact details of your solicitor

Financial information

  • Remember if you’re making a joint application the other applicant will need to provide their financial details too.
  • Payslips and information about your gross income, including social security income, family income and any other streams you have.
  • Any assets and debts you currently have.

SCU have a number of loans for different borrowers. Take a look through their products the next time you compare home loans.

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This page was last modified on 18 October 2016 at 15:03.

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