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Woolworths Employees’ Credit Union home loans

A closer look at the home loans offered by the Woolworths Employee Credit Union (WECU).

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Fact checked
Woolworths Team Bank

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On this page you can find information about Woolworths Employees' Credit Union home loans or read more about the lender.

Woolworths Employees' Credit Union has rebranded

Woolworths Employees' Credit Union has merged with Woolworths Team Bank. Woolworths Employees' Credit Union no longer offers mortgages to new customers. The information on this page is no longer up to date. You can check out mortgage offers from Woolworths Team Bank here.

Compare WECU home loans

Data indicated here is updated regularly
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Name Product Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment Short Description
Woolworths Team Bank Variable Rate Home Loan - Promotional Rate LVR up to 95% (Owner Occupier)
3.15%
3.23%
$700
$0 p.a.
95%
Woolworths Team Bank Variable Rate Home Loan - Package (Investor)
3.30%
3.69%
$700
$0 p.a.
80%
Woolworths Team Bank Union Variable Rate Home Loan - (Owner Occupier)
4.26%
4.35%
$700
$0 p.a.
80%
Woolworths Team Bank Variable Rate Home Loan - (Investor, P&I)
4.81%
4.90%
$700
$0 p.a.
80%
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Woolworths Employees' Credit Union lender profile

  • WECU is a member of Australia's customer-owned banking association, which means that the members each own a share in the company. Only employees, current or former, of the Woolworths group of companies are eligible for membership in the credit union.
  • Woolworths Employees' Credit Union was established in 1971. Membership requires a $1 "share" payment.
  • Woolworths Employees' Credit Union also offers its members personal loans, car loans, credit cards, savings accounts and a range of insurance products.

How do I apply for an Woolworths Employees' Credit Union mortgage?

If you'd like to apply for a home loan from Woolworths Employees' Credit Union, please contact the lender directly.

Eligibility

Each Woolworths Employees' Credit Union product has specific eligibility criteria but some will apply to all products. For example:

  • Age. You must be over 18 years of age.
  • Residency. You should be a resident of Australia.
  • Employment. You should have a regular source of income.

Documents required

When you apply for a mortgage with Woolworths Employees' Credit Union you are required to provide certain information so make sure you have all your documents ready before you apply. The documents you will be expected to provide are:

  • Identification documents. You will need identification such as a driver's license, passport or birth certificate.
  • Proof of income documents. Recent payslips can establish your income.
  • Asset and liability documents. You need to provide documents showing your current assets (savings accounts, investments) and liabilities (your outstanding debt).

Detailed guide to home loan applications and paperwork

Looking for more mortgage options?

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Home Loan Offers

Important Information*
Logo for Westpac Flexi First Option Home Loan - Basic Variable Rate (Owner Occupier, P&I)
Westpac Flexi First Option Home Loan - Basic Variable Rate (Owner Occupier, P&I)

Up to $3,000 refinance cashback. A flexible and competitive variable rate loan. Eligible borrowers refinancing $250,000 or more can get $2,000 cashback per property plus a bonus $1,000 for their first application. Other conditions apply.

Logo for St.George Basic Home Loan - LVR 60% to 80% (Owner Occupier, P&I)
St.George Basic Home Loan - LVR 60% to 80% (Owner Occupier, P&I)

Up to $4,000 refinance cashback. A competitive variable rate loan from St.George. Refinancers borrowing $250,000 or more can get $4,000 cashback (Other terms, conditions and exclusions apply).

Logo for Athena Liberate Home Loan - 70% to 80% LVR Owner Occupier, P&I
Athena Liberate Home Loan - 70% to 80% LVR Owner Occupier, P&I

A competitive variable rate mortgage for owner occupiers $0 application and $0 ongoing fees. This interest rate falls over time as you pay off the loan.

Logo for UBank UHomeLoan Variable Rate - Discount Offer for Owner Occupiers, Variable P&I Rate
UBank UHomeLoan Variable Rate - Discount Offer for Owner Occupiers, Variable P&I Rate

Take advantage of a low-fee mortgage with a special interest rate of just 2.49% p.a. and a 2.49% p.a. comparison rate.

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2 Responses

  1. Default Gravatar
    NoxoloMarch 6, 2018

    Hi, I am looking for a home loan that is affordable for me. I just need to know if my salary as little as R 5000 a month can make me qualify to get a loan?
    Thanks.

    • Default Gravatar
      JoelMarch 8, 2018

      Hi Noxolo,

      Thanks for leaving a question on finder.

      It is not specified on how much the salary should be to be eligible for a home loan with WECU. We have an awesome Home loan eligibility calculator if you would like to weigh your options and shop around. If you need anything else, please send me a message.

      Cheers,
      Joel

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