The Finance Algorithm
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Intelligent Mortgage First Home Buyer

Variable - Owner Occupied - Principle and Interest - Discounted 36 Months

Home loansBank updated 6 Nov 2026
Apply at Laboratories Credit Union ↗Product page ↗Fees and pricing ↗Terms ↗

At a glance

Variable (owner occ. P&I)
6.85%6.72% comparison
Max LVR
95%
Features
offset, redraw, extra repayments

Rates

Every rate LCU publishes for this home loan, 2 in all.

TypeApplies toTermBandRateComparisonConditions
DiscountOwner occupied, P&I--6.35%--
VariableOwner occupied, P&I--6.85%6.72%-

Rate changes

4 changes logged, newest first.

DateRateWasNowChange
6 Nov 2026Discount, Owner occupied, P&I6.10%6.35%up 0.25
6 Nov 2026Variable, Owner occupied, P&I6.60%6.85%up 0.25
2 Oct 2026Discount, Owner occupied, P&I5.85%6.10%up 0.25
2 Oct 2026Variable, Owner occupied, P&I6.35%6.60%up 0.25

Each change is logged the night it appears in the rates Laboratories Credit Union publishes. See how every lender answered the RBA on the rate tracker.

Fees

13 fees published, grouped by when they're charged.

When you take it out1

  • LOAN_APPLICATION_FEE
    $200

When you make a transaction10

  • CONSENT_FOR_A_SECOND_MORTGAGE
    Varies
  • LAND_TITLE_SEARCH
    Varies
  • LENDERS_MORTGAGE_INSURANCE
    Varies
  • MORTGAGE_DISCHARGE_SOLICITORS_FEE
    Varies
  • OTHER_CERTIFICATES_AND_REPORTS
    Varies
  • PEXA_ELECTRONIC_LODGEMENT_FEE
    Varies
  • REGISTRATION_FEES
    Varies
  • SOLICITORS_FEES
    Varies
  • VALUATION_FEE
    Varies
  • RTGS_TRANSFER_FEE
    $15

When particular things happen2

  • CONTRACT_VARIATION_FEE
    $200
  • MORTGAGE_DISCHARGE_FEE
    $200

Features

Offset accountRedrawExtra repaymentsGuarantor optionInstant paymentsPayIDDigital bankingUnlimited transactions
  • Automatic Repayments can be set up from salary, LCU account, or external account
  • Flexible repayments. Weekly, fortnightly or monthly
  • No ongoing Fees. No annual, monthly or weekly fees
  • Interest calculated daily and applied monthly
  • Repayment type Principal and Interest

Eligibility and limits

  • Minimum age 18
  • Residency: At least one borrower must be an Australian resident.
  • Employment: Income required to service loan. Applicant must meet LCU lending criteria
  • Available to individuals
  • Amount $50,000 to $3,000,000
  • Maximum LVR 95%
  • Security on Australian Residential Property (1st mortgage)
  • Maximum loan term is 30 years
  • Must be a shareholder owning a $10 share. Each shareholder holds an equal share regardless of their balance. Shareholders have a say in how we are run. "Own your Bank". $10 share is refunded if you c…

Published by Laboratories Credit Union under the Consumer Data Right, last changed by them on 6 Nov 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.