Our standard variable rate home loan is a popular borrowing option, allowing you to benefit from fluctuations in the marketplace. As the Reserve Bank of Australia shifts interest rates, your home loan interest rate will also rise and fall, subsequently changing the amount of interest calculated on your loan.
We lend up to 95% of the value of the property, which means you only need a small deposit to be able to purchase your home. This home loan is also suited for those who have saved a large deposit.
If you would prefer to have a fixed interest rate to reduce your exposure to market fluctuations, check out our fixed rate home loan.
- Deposit as low as 5%
- 100% mortgage offset account on owner-occupied properties
- Redraw facility
- No penalties for extra repayments
- Your choice to make repayments weekly, fortnightly or monthly
- Automatic repayments through direct debit
- Loan terms up to 30 years
- Available for a range of purposes, including purchase of an existing house, vacant land for building etc.
Rates & Fees
|Product||Interest rate||Comparison rate|
|Standard variable rate (Principal & Interest)||5.14^||5.30*|
|Standard variable rate (Interest Only)||5.64||5.79**||
Loan rates effective Monday 30 April 2018
|Loan maintenance fee||$10|
The fine print
^Comparison Rate calculated on a secured loan of $150,000 over a 25 year term based on monthly repayments.
*WARNING:These Comparison Rates apply only to the example or examples given. Different amounts and terms will result in different Comparison Rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the Comparison Rate but may influence the cost of the loan. A Comparison Rate schedule is available online or at any Queensland Country Credit Union branch.
Please be aware that variable interest rates may change at any time without agreement. All interest rates quoted are per annum. Fees and charges are payable. Normal lending criteria, terms and conditions apply and are available on request. Before acquiring this product, the information above should be read in conjunction with the following documents to determine if this product is right for you: Home Loan brochure, Fees and Charges brochure, Visa Debit Card Conditions of Use; CueCard Conditions of Use; Internet Banking, PhoneService and Mobile Banking Terms and Conditions of Use; Financial Services Guide; Loan Interest Rate Schedule and Credit Guide.
Home loan key fact sheets
Queensland Country Credit Union, like all lending institutions, offers a Home Loan Key Facts Sheet to help you compare home loans in the market.
Home Loan Key Facts Sheets provide information about our loan products in a set standard format so it is easier for you to shop around and compare our loan products with those of other lenders (i.e. to compare apples with apples). The Home Loan Key Facts Sheet is one of a number of initiatives of the Government’s Fairer and Simpler Banking reforms.
Please click on the link to generate a Home Loan Key Facts Sheet which you can then choose to print or receive by email.
A home loan facts sheet is not an offer of credit. Queensland Country Credit Union is not obliged to provide you with the home loan described in the home loan facts sheet, you still need to apply for the loan and meet the lending criteria.