At a glance
- Max LVR
- 80%
- Annual fee
- $360
§ 01 — Rates · 1
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableInterest only repayment due on the 1st day of the month following interest charging at the end of previous month. | Investment · Interest only | — | — | 8.48% | — | — |
§ 02 — Fees · 10
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| PROPERTY_VALUATION_FEE | Cash advance | No fee | — | This fee covers the cost of valuing your property. When valuation is required, cost may vary dependant on a number of factors. Cost will be confirmed prior to ordering. |
| DIRECT_DEBIT_DISHONOUR | Event | $15 | — | Charged if your direct debit payment is dishonoured due to insufficient funds |
| HOME_LOAN_LEGAL_FEE | Event | $430 | — | A one off fee required to document and settle your loan. |
| HOME_LOAN_SECURITY_VARIATION | Event | $300 | — | When there is a variation made to the security used for an existing loan agreement. Charged per security. |
| LOAN_TOP-UP | Event | $300 | — | Additional establishment fee for increasing your VARIABLE rate home loan at any point after the home loan has been finalised. Does not include Fixed rate loans |
| LOAN_VARIATION | Event | $150 | — | When there is a variation made to the terms of an existing loan agreement. For example principal reduction, change to loan term. |
| RECONTRACTING_FEE | Event | $150 | — | Any amendments made to the loan after the loan contract has been created but before it has been funded will incur a fee. |
| LOC_MTHLY_FEE | Periodic | $30 | Every 1 mo | — |
| UNUSED_LIMIT | Periodic | 1.00% of balance | Every 1 days | Calculated on the daily available balance and posted to the account monthly |
| ESTABLISHMENT_FEE_LOC | Upfront | $699 | — | — |
§ 03 — Features
- · Onging access to funds up to an approved limit
- · Interest only repayments
- · For personal investment purposes such as purchasing shares and investments
- · Term up to 10years
§ 04 — Eligibility & limits
- · Minimum age 18
- · Residency: Must be an Australian citizen or permanent resident, with an Australian residential address
- · Available to individuals
- · Amount $20,000 to $1,000,000
- · Maximum LVR 80%
- · Be able to meet SCCU assessment criteria and demonstrate capaity to repay the loan
- · Provide acceptable residential mortgage security which must be insured with SCCU noted as interested party
§ 05 — Compare
§ 06 — Run the numbers
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Published by Southern Cross Credit Union under the Consumer Data Right, last changed by them on 15 May 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.