Savvy First Home Buyer Loan - Laboratories Credit Union

5.69

variable
interest
rate¹

6.15

comparison
rate²

Our Savvy First Home Buyer Loan is designed to help first home buyers get into the market to purchase their first home and start to pay off their new home loan as quickly as possible!

Discount of 0.50%¹ for the first 3 years of your loan

100% Interest offset

Fee free redraw facility

No ongoing monthly or annual fees

Variable Rate loan

Automatic repayment from salary

Only available for new owner-occupier loans

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Interest Rates

Compare home loan rates

Variable Interest Rate

5.69%

Comparison Rate

6.15%

Fee

Annual Fee

Monthly Fee

Redraw Fee

Application Fee

200

Features

Introductory Rate Term in Years

3 years

Additional Repayments

Unlimited Extra Repayments

Offset Account

100% offset available

Automatic Deposits (salary / account)

Yes

Minimum Amount

50,000

Maximum borrowing capacity (LVR)

80%

Maximum Term in Years

Redraw Facility

Yes

Repayments

Weekly, fortnightly or monthly

Home loan checklist

Latest 3 months of statements (all pages) for all credit/store cards showing the credit limit

Latest 3 months statements (all pages) of all bank accounts

Latest 3 months statements (all pages) of any “buy now/pay later” accounts (if applicable)

A recent copy of rental lease or if boarding, a letter from the owner

Council Rates notice for all properties owned

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1Rates are subject to change. Please refer to our rates and fees page. Credit eligibility criteria, terms & conditions, fees & charges apply. Only first home buyers are eligible for “The Savvy First Home Buyer Loan” which offers an ongoing discount of 0.50% off our Intelligent Mortgage Variable Loan Rate for the first 3 years after funding. This product is only available for owner occupied, principal & interest loans. Not available for the refinance of existing home loans from external banks or already held with LCU.

2Comparison rate based on a loan of $150,000 over 25 years.

WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Disclaimer: “Does not include 3^rd Party & Government charges such as: Lenders mortgage Insurance, Lands and Titles, Stamp duty, Valuation or Solicitors fees involved with setting up a home loan and amounts do vary per State & Territory”

Savvy First Home
Buyer Loan