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Click here to download a pdf copy of our Loan Rates

pdf Click here to download a pdf copy of Comparison Rate FAQs (72 KB)

New Loans from 3rd April 2020

  Interest Rate Comparison Rate
Variable Housing Loans    
Basic Variable 3.82% pa 3.98% pa
Basic Variable Special Offer Plus *2 2.97% pa 3.83% pa
Basic Variable - Investment 4.59% pa 4.75% pa
Standard Variable 4.55% pa 4.61% pa
Standard Variable - Investment 5.09% pa 5.16% pa
Other Real Estate Mortgage Loans 8.35% pa 8.46% pa
Self Managed Super Fund - Residential Secured 5.60% pa 5.74% pa
GMCU Equity Access 5.68% pa  -
Fixed Housing Loans    
Fixed Rate – 1 year 3.54% pa 4.52% pa
Fixed Rate – 2 years 2.90% pa 4.31% pa
Fixed Rate – 3 years 3.54% pa 4.35% pa
Fixed Housing Loans - Investment    
Fixed Rate – 1 year 3.74% pa 5.02% pa
Fixed Rate – 2 years 3.74% pa 4.90% pa
Fixed Rate – 3 years 3.95% pa 4.85% pa
Personal Loans - Fixed rate
Fully Secured *3 6.25% pa 6.50% pa
Unsecured 14.95% pa 15.22% pa
   1 discount  
Secured (residential real estate mortgage) 8.95% pa  
Secured (other real estate mortgage) 9.55% pa  
Unsecured 16.54% pa  
Business / Farm / Commercial    
Residential Mortgage 6.89% pa  
Other Real Estate Mortgage 8.35% pa  
Unsecured 15.95% pa  



Products no longer offered for sale.

Effective from 10th September 2019

  Interest Rate Comparison Rate
Car Loans (Secured)    
New Cars 8.99% pa 9.17% pa
Cars Up to 3 years old 9.77% pa 9.96% pa
Cars 3 to 9 years old 11.27% pa 11.46% pa
Cars over 9 years old 12.98% pa 13.17% pa
Car Loans (Part Secured)    
New Cars 9.77% pa 9.96% pa
Cars Up to 3 years old 11.27% pa 11.46% pa
Cars 3 to 9 years old 12.98% pa 13.17% pa
Cars over 9 years old 15.08% pa 15.28% pa
Personal Loans - Variable
Secured rate range from 5.25% pa from 6.42% pa
  to 15.08% pa to 15.28% pa
Unsecured 15.95% pa 16.10% pa



The fine print:

Terms, conditions, fees, charges and elgibility criteria may apply.

All rates are variable unless stated otherwise, indicative and are subject to change 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. You can contact GMCU on 03 5821 9033 or www.gmcu.com.au. Rates are for principle and interest repayment loans, a margin will apply to interest only loans. Offers ^1, *2 and *3 may be withdrawn or varied from time to time - the offer on the day of funding will apply to your loan.

^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.  

*2 Special Offer Plus includes a discount to the advertised Basic Variable Home Loan Rate of 0.85%p.a. for two years. After the discount period, the interest rate reverts to the Basic Variable Home Loan Rate. Basic Variable Home Loan - Special Offer Plus is available to new borrowers for owner occupied loans if they have their salary paid into a GMCU account before funding. Special Offer Plus includes no Establishment Fee. Minimum new borrowing of $100k, maximum loan to valuation ratio 80%, principle and interest repayments. The offer is available until withdrawn.

*3 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.