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pdf Click here to download a pdf copy of Comparison Rate FAQs
New Loans effective from 05 April 2024
| Variable Housing Loans |
Interest Rate |
Comparison Rate |
|
Standard Variable Plus < 80% LVR1 |
6.19% pa |
6.35% pa |
|
Standard Variable Plus > 80% - 95% LVR4 |
6.59% pa |
6.77% pa |
|
Other Real Estate Mortgage Loans |
12.00% pa |
12.13% pa |
|
Self-Managed Super Fund Residential Secured |
9.25% pa |
9.41% pa |
|
Equity Access |
9.33% pa |
- |
|
Standard Variable Plus < 80% LVR1 |
6.19% pa |
6.35% pa |
|
Variable Housing Loans - Investment |
||
|
Standard Variable Plus Investment < 80% LVR2 |
6.39% pa |
6.55% pa |
|
Standard Variable Plus Investment > 80% - 95% LVR3 |
6.79% pa |
6.97% pa |
|
Standard Variable Plus Investment < 80% LVR2 |
6.39% pa |
6.55% pa |
|
Fixed Housing Loans |
||
|
1 Year Fixed Rate < 80% LVR1 |
5.99% pa |
6.35% pa |
|
1 Year Fixed Rate > 80% - 95% LVR4 |
5.99% pa |
6.70% pa |
|
Fixed Rate 18 months - Special construction offer5 |
6.19% pa |
7.59% pa |
|
2 Year Fixed Rate < 80% LVR1 |
5.99% pa |
6.33% pa |
|
Fixed Housing Loans - Investment |
||
|
1 Year Fixed Rate Investment < 80% LVR2 |
6.29% pa |
6.56% pa |
|
1 Year Fixed Rate Investment > 80% - 95% LVR3 |
6.29% pa |
6.91% pa |
|
Fixed Rate 18 months - Special construction offer5 |
6.39% pa |
8.22% pa |
|
2 Year Fixed Rate Investment < 80% LVR2 |
6.29% pa |
6.55% pa |
|
|
||
|
Personal Loans - Fixed rate |
||
|
Fully Secured *5 Receive a 1% pa discount if you also have a GMCU Home Loan^1 |
7.79% pa |
8.04% pa |
|
Unsecured Receive a 1% pa discount if you also have a GMCU Home Loan^1 |
14.95% pa |
15.18% pa |
|
Overdrafts |
||
|
Secured (residential real estate mortgage) |
10.25% pa |
|
|
Secured (other real estate mortgage) |
10.85% pa |
|
|
Unsecured |
17.69% pa |
|
|
Business / Farm / Commercial |
||
|
Residential Mortgage |
10.54% pa |
|
|
Other Real Estate Mortgage |
12.00% pa |
|
|
Unsecured |
18.75% pa |
The fine print:
Note: Terms & conditions, fees & charges and eligibility criteria apply. All rates are variable unless stated otherwise, indicative and are subject to change without notice. Special Offers may be changed or withdrawn without notice. The fixed rate applying to a loan will be the actual fixed rate on the day of final funding. Comparison Rates for Home Loans and Real Estate Mortgage Loans are based on a loan of $150,000 over a term of 25 years. Comparison Rates for Car Loans and Personal Loans are based on a loan of $30,000 over a term of 5 years. WARNING: This comparison rate applies 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.
^ Rates are for principal and interest repayment loans, a margin will apply to interest only loans. You can contact GMCU on 03 5821 9033 or www.gmcu.com.au.
Offers ^1 *2 *3 *4 may be withdrawn or varied from time to time without notice - the offer, if any on the day of funding will apply to your loan. Fixed rate home loans revert to a Basic Variable rate, unless stated otherwise.
^1 Members with a GMCU Home Loan are eligible for a reduction of 1%p.a. to the Interest Rate for the life of the loan or until the GMCU Home Loan is repaid. Applies to the advertised ‘Personal Loans’ rates only. This offer is not eligible in conjunction with any other offer or discount.
*2 Basic Variable Discount Offer includes a discount to the Basic Variable Home Loan Rate for 3 years. Available for new or externally refinanced home loans with a Loan to Value Ratio (LVR) of less than 80%. The discount for owner-occupied home loans is 1.48% p.a. After the discount period, the interest rate reverts to the applicable Basic Variable Home Loan rate. Principal and interest repayments.
*3 Basic Variable Investment Discount Offer includes a discount to the Basic Variable Investment Home Loan Rate for 3 years. Available for new or externally refinanced home loans with a Loan to Value Ratio (LVR) of less than 80%. The discount for investment home loans is 2.00% p.a. After the discount period, the interest rate reverts to the applicable Basic Variable Investment Home Loan rate. Principal and interest repayments.
*4 After the first 18 months the interest rate reverts to the applicable Basic Variable rate, eligibility criteria: home loans to personal individual borrowers with new borrowings between $150,000 and $750,000 and maximum Loan to Valuation ratio of 80%; must be single dwelling construction with fixed price building contract; the fixed rate applied to the loan will be the fixed rate advertised on date of first funding.
*5 A fully secured Personal Loan is secured by deposit or property or a vehicle less than three years old and the loan is not greater than our valuation of the property or vehicle.
