At a glance
- Max LVR
- 80%
- Annual fee
- $360
Rates
The one rate SCCU publishes for this home loan.
| 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% | - | - |
Fees
10 fees published, grouped by when they're charged.
- When you take it out$699ESTABLISHMENT_FEE_LOC
- While you hold itUp to $302 fees, each listed below
- When you close it or pay it offNo fee published
When you take it out1
- ESTABLISHMENT_FEE_LOC$699
While you hold it2
- LOC_MTHLY_FEE$30 a month
- UNUSED_LIMIT
Calculated on the daily available balance and posted to the account monthly
1.00% of balance every 1 days
When you make a transaction1
- PROPERTY_VALUATION_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.
No fee
When particular things happen6
- DIRECT_DEBIT_DISHONOUR
Charged if your direct debit payment is dishonoured due to insufficient funds
$15 - HOME_LOAN_LEGAL_FEE
A one off fee required to document and settle your loan.
$430 - HOME_LOAN_SECURITY_VARIATION
When there is a variation made to the security used for an existing loan agreement. Charged per security.
$300 - LOAN_TOP-UP
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
$300 - LOAN_VARIATION
When there is a variation made to the terms of an existing loan agreement. For example principal reduction, change to loan term.
$150 - RECONTRACTING_FEE
Any amendments made to the loan after the loan contract has been created but before it has been funded will incur a fee.
$150
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
Eligibility and 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
Compare it with others
Put this product through a calculator
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.