New Loans from 14 September 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||2.90% pa||4.46% pa|
|Fixed Rate – 18 months - Special construction offer *3||2.01% pa||4.26% pa|
|Fixed Rate Offer - 2 years *4||2.50% pa||3.75% 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||2.90% pa||4.94% pa|
|Fixed Rate – 18 months - Special construction offer *3||2.01% pa||4.72% pa|
|Fixed Rate – 2 years||2.90% pa||4.75% pa|
|Fixed Rate – 3 years||3.95% pa||4.85% pa|
|Personal Loans - Fixed rate
|Fully Secured *5||6.25% pa||6.50% pa|
|Unsecured||14.95% pa||15.22% pa|
|Secured (residential real estate mortgage)||8.95% pa|
|Secured (other real estate mortgage)||9.55% pa|
|Business / Farm / Commercial|
|Residential Mortgage||6.89% pa|
|Other Real Estate Mortgage||8.35% 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, unless stated otherwise. 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.
All offers, specials or discounts may be withdrawn or varied from time to time without notice.
^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 After the first 18 months, the interest rate reverts to the applicable standard variable rate. Eligibility criteria: home loans to personal individual borrowers with new borrowings between $150,000 and $750,000 and maximum loan to value ratio of 80%. Must be single dwelling construction with fixed price building contract for loans approved from 14/9/20 to 31/12/20 and funding commenced by 30/6/21. The fixed rate applied to the loan will be the fixed rate advertised on date of first funding.
*4 After the first two years, the interest rate reverts to the Basic Variable Home Loan rate. Eligible loans include new owner-occupier home loans or increases to existing owner-occupied home loans of $100,000 where the maximum loan-to-valuation ratio is less than 70%. Not available for construction.
*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.