The Finance Algorithm
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Intelligent Mortgage 2 Years Fixed

Fixed Rate - Owner Occupied - Principle and Interest

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%6.88% comparison
Fixed
2 yrs 6.90%
Max LVR
95%
Features
redraw, extra repayments

How it compares

This home loan in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.

This home loan: 6.85%Every other institution's lowest, 103 in all

Owner occupier, principal & interest, 80% LVR. One dot per institution, at its lowest variable home loan rate anyone can apply for; hover or tap a dot for its name.

RateThis home loanBest anywhereTypical institutionWhere it sits
Variable home loanOwner occupier, principal & interest, 80% LVR6.85%5.93%SCCU's BROKER HOME LOAN6.38%of 104 institutions89th lowest of 104
2-year fixed home loanOwner occupier, principal & interest, 80% LVR6.90%6.09%BankVic's Fixed Rate Home Loan - 2 years6.62%of 84 institutions67th lowest of 84

Rates

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

Variable and fixed, at 80% LVR

Owner occupier, principal and interest, the lowest rate for each

  1. Variabletypical 6.38%6.85%
  2. 2 yrs fixedtypical 6.62%6.90%
This home loanTypical lender's best
TypeApplies toTermBandRateComparisonConditions
FixedOwner occupied, P&I2 yrs fixed-6.90%--
VariableOwner occupied, P&I--6.85%6.88%-

Rate changes

4 changes logged, newest first.

DateRateWasNowChange
6 Nov 2026Fixed, Owner occupied, P&I, 2 yrs fixed6.65%6.90%up 0.25
6 Nov 2026Variable, Owner occupied, P&I6.60%6.85%up 0.25
2 Oct 2026Fixed, Owner occupied, P&I, 2 yrs fixed6.20%6.65%up 0.45
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

RedrawExtra 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)
  • Minimum loan term is 1 year
  • Maximum loan term. Loan will be renegotiated at the end of the term - max 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.