bank mecu - responsible banking

basic home loan

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

features & comparisons

• Available

  low variable interest rate

  A low variable interest rate for those that need to borrow anything from $10,000 upwards to get you stepping onto and up the property ladder. Interest on bankmecu loans is calculated on the daily balance to ensure that you gain immediate benefit from loan repayments and you can pay your loan off sooner rather than later.

• Available

  flexible repayments

  Making repayments on your loan is easy. You can select from weekly, fortnightly or monthly contracted repayments. Coinciding your repayments with your salary will ensure your repayments are made by the due date. You can make extra unscheduled payments at any time without penalty too!

• 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.

additional information

* 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