| Home Sweet Home Loan | Value Plus Home Loan | Basic Home Loan | Handyloan Secured Line of Credit | Fixed Home Loans | Mortgage Breaker Home Loan | |
| Description |
A competitive variable rate home loan. |
A home loan with the flexibility to repay and redraw. |
A straight forward home loan that is flexible to your needs. |
Use the equity in your home for a line of credit that you can conveniently use to meet your financial needs |
Provides you with the peace of mind that comes from knowing that your rates and payments remain the same for a fixed period of time. Note the example below is for 1 year fixed loan. 2, 3 and 5 year fixed loans are also available. |
The Mortgage Breaker allows you to have a savings account of which 100% of the balance is offset against your home loan saving your money. |
|
Interest rates |
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| Interest rate | 2.59% p.a. | 3.44% p.a. | 3.94% p.a. | 4.34% p.a. | 2.49% p.a. | 3.94% p.a. |
| Comparison rate | 2.74% p.a. | 3.61% p.a. | 4.07% p.a. | N/A | 2.63% p.a. | 4.16% p.a. |
|
Loan amounts and repayment terms |
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| Minimum loan amount | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 |
| Maximum loan amount | 80% of property value. 95% of property value with mortgage insurance | 80% of property value. 95% of property value with mortgage insurance | 80% of property value. 95% of property value with mortgage insurance | 80% of property value. | 80% of property value. 95% of property value with mortgage insurance | 80% of property value. 95% of property value with mortgage insurance |
| Loan period | Up to 30 years | Up to 30 years | Up to 30 years | Ongoing | Up to 30 years | Up to 30 years |
|
Repayments and redraw options |
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| Repayment frequency | Weekly, fortnightly or monthly | Weekly, fortnightly or monthly | Weekly, fortnightly or monthly | Weekly, fortnightly or monthly | Weekly, fortnightly or monthly | Weekly, fortnightly or monthly |
| Interest only available | No | No | No | No | No | No |
| Additional repayments accepted | Yes | Yes | Yes | Yes | Yes* | Yes |
| Redraw available | Yes | Yes | Yes | No | Yes | Yes |
| Minimum redraw amount | No minimum | No minimum | No minimum | N/A | No minimum | No minimum |
| Offset account available | Yes, $150p.a | Yes, $150p.a | Yes, $150p.a | N/A | Yes, $150p.a | Yes, $150p.a |
|
Fees |
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| Establishment fee | $350 | $350 | $350 | $250 | $350 | $250 |
| Monthly fee | $0 | $8 | $5 | $5 | $0 | $0 |
| Annual fee | $150 | $0 | $0 | $0 | $0 | $150 |
| Redraw fee | $0 | $0 | $0 | N/A | $0 | $0 |
| Early break fee | No | No | No | No | Yes | No |
Our members are our reason for being, everything we do, we do for them.
We will earn our members' trust everyday by acting honestly, ethically and in their best interests.
In a world of technological innovation, we understand the value of people.
We will embrace our responsibilities by developing our staff, supporting our communities and respecting the environment.
*Fees may apply, if over a 12 month period, $30,000 or more is repaid over and above scheduled repayment amounts.
Privacy | Security | Contact Us
Head Office 27 Stewart Street Wollongong NSW 2500
General Enquiries 1300 366 565
Horizon Credit Union Ltd ABN 66 087 650 173 AFSL and Australian Credit Licence Number 240573 trading as Horizon Bank
