bank mecu - responsible banking

fixed home loan

• home loan rates, fees and charges
• mortgage loans significant terms and conditions
• generate a key fact sheet for this loan

rates (effective 17/05/12)

features & comparisons

• Available

  flexibility of fixed or variable interest rate

  You can have part of your loan calculated at a variable interest rate or part calculated at a fixed interest rate. A minimum of $20,000 exists for loans that are split between fixed and variable amounts (i.e. minimum $10,000 fixed and minimum $10,000 variable).

• Available

  fixed interest rate for up to 3 years

  The choice is yours - fix your rate for 1, 2 or even 3 years for consistency.

• Available

  bio-diversity offset

  For new owner occupied home construction loans bankmecu will offset an equivalent amount of land into its Conservation Landbank located in the western region of Victoria. For example if you build a new home on a 650sq/m block, 650sq/m will be allocated into bankmecu's Conservation Landbank in order to offset any loss of bio-diversity at no cost to you.

• Available

  eco pause

  Borrowers can take a break from repayments to assist with the purchase of energy and /or water saving devices such as rainwater tanks, solar or grey water system. Take a 3 month pause from full repayments or a 6 month pause at half repayments. Two eco-pause breaks are available for the life of the loan and your payments will be adjusted to ensure you do not exceed the maximum term of the loan.

• Available

  family repayment pause

  When one income earner is on maternity leave, it can be tough on the home finances. Our family repayment pause enables people to take a breather from repaying their loan while starting a family. Take a 3 month pause from full repayments or a 6 month pause at half repayments.

* The comparison rate is based on a loan of $150,000 for 25 years. Fees and charges may be applicable.

IMPORTANT: The Comparison Rate applies only to the example given. Different amounts and terms will result in different Comparison Rates. Cost such as redraw fees, 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.

want to know more?

call bankmecu on 132 888 or email us at mail@bankmecu.com.au