bankmecu home loan customers were on average $944 better off in 2010–11 than they would have been had their home loan been with one of the big four banks^. That’s because a customer owned bank™ exists to benefit customers and not investors by offering better interest rates and fees. bankmecu has designed three new home loan packages to suit first homebuyers, renovators and people constructing a new home or buying off the plan.
All packages offer:
- A low variable interest rate
- No application or monthly fees
- Unlimited transactions as per
- customer rewards
- Visa credit card with no annual fee
- and up to 55 days interest free
- Instant unlimited free redraw
- 10% discount on our building and/or
- contents insurance premiums
- Family and Eco repayment pause
- Additional repayments at no charge
First Homebuyers Package
bankmecu helps first home buyers own their first home sooner. Our Home Loan Packages bundle all the features that first home buyers need in one simple, better value product.
- 3 months free building insurance during settlement
- First home buyers guide
- If you start a family ease any financial
- pressure by pausing your home loan repayments#
- Available to customers who qualify for the First Home Owners Grant
We’ve created a home loan package to make financing your construction simple! Whether you’re building your own home or buying an investment property off the plan, this package has all the features you’re looking for.
- Available to home buyers who are looking to build a new dwelling or buy one off the plan
If you’re thinking it’s time to renovate and need assistance with financing your dream, talk to us about our Renovators Loan Package.
- Available to customers who borrow $100,000 or more
Learn more and apply online here.
Terms, conditions, fees and charges apply and are available on application. Loans subject to normal lending criteria and approval. *The Comparison Rate is based on a secured loan of $150,000 for 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. Interest rates expressed as annual percentage rates. Variable rates correct as at 7 December 2011, however, are subject to change at any time. Check bankmecu.com.au for the latest rates. #Loans must be established for a full 12 months and a maximum loan-to-value ratio of 90% (Family-Pause) or 80% (Eco-Pause) applies. Full conditions available from bankmecu. Annual package fee of $350 is payable in advance and is non-refundable. The fee is debited to the loan balance on funding and then annually on the anniversary date of funding. Package benefits cease to apply once the loan is repaid in full. Other fees and charges may be payable including mortgage discharge fees. Refer to the Loan Fees schedule available from bankmecu.com.au or by calling 132 888 for more details. 10% discount applies to building and contents combined and/or stand alone building insurance and motor insurance when you sign up for this home loan package.
Minimum premiums apply. Any discounts/entitlements only apply to the extent any minimum premium is not reached. If you are eligible for more than one, we also apply each of them in a predetermined order to the premium (excluding applicable taxes and government charges)as reduced by any prior applied discounts/entitlements. Unlimited Customer Rewards. Includes transactions covered under customer rewards and excludes direct charges as a result of using non rediATMs for withdrawals. Some transaction fees do not qualify for customer rewards. Full details are available on our website or by contacting bankmecu on 132 888. ^Source: bankmecu’s Cannex Valuation report June 2011. Canstar Cannex provides fact-based data and ratings to Australian consumers and financial institutions.