Home Loan
Interest rate from
4.10% p.a.1
Comparison rate  from
4.16% p.a.*

Our True Basic Variable Home Loan is a simple home loan with our lowest variable rate with all the necessary features you’d expect. Please take a moment to review the Home loan Key Facts Sheet before you begin. 

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Apply online and get an instant response

Features and benefits

  • Save money with $0 monthly and $0 annual fees
  • Use your money your way by making extra repayments without penalty and redraw any extra repayments as you need it 
  • Benefit from flexible repayment options – pay weekly, fortnightly or monthly
  • Available for owner occupied or construction purposes
  • You can borrow up to 95% of the property value with lenders mortgage insurance. Lenders mortgage insurance will apply if you borrow over 80% of the property value
  • If you borrow 80% or less of the property value lenders mortgage insurance may not be required and you may be eligible to receive a lower variable interest rate.

 

Fees

  • New application fee $600
  • Valuation, legal and top up fees may apply
  • $0 monthly and $0 annual fees
  • Redraw fee:
    • Internet (BPAY, internal and external transfers) $15
    • Staff Assisted $30

Additional fees may also apply. Please refer to current schedule of fees and charges.

Borrowing power calculator

Loan repayment calculator

Stamp duty calculator

Eligibility

You can apply if you:
  • Are over 18 years of age
  • Have a regular income
  • Are not bankrupt
  • Are an Australian citizen, a permanent resident or have an approved working Visa
  • Have not had defaults on any Loans, Credit cards, Interest free finance or Store cards in the last 5 years
  • Have been in your current job longer than 6 months
 
What you may need to apply:
  • Your personal details, such as your current and previous address, phone number and email address
  • Details of your income, employment, any assets (e.g. home, car or savings) and debts (mortgages, loans and credit cards) you currently have.

 

Self employed

Community First Credit Union is able to offer loans to self employed applicants including home loans, personal loans, credit cards and overdrafts. Please note that Community First does not offer commercial lending. Find out more here.

 

Rates

Picture of Basic variable home loan

Basic variable home loan

LVR 80% or less - Owner-occupied Principal & Interest
Interest rate from
4.10% p.a.1
Comparison rate  from
4.16% p.a.*
Picture of Basic variable home loan

Basic variable home loan

LVR 80% or less - Owner-occupied Interest Only
Interest rate
4.45% p.a.1
Comparison rate
4.94% p.a.*
Picture of Basic variable home loan

Basic variable home loan

LVR over 80% - Owner-occupied Principal & Interest
Interest rate
4.51% p.a.1
Comparison rate
4.57% p.a.*
Picture of Basic variable home loan

Basic variable home loan

LVR over 80% - Owner-occupied Interest Only
Interest rate
4.86% p.a.1
Comparison rate
5.10% p.a.*
How to apply
You can choose to apply online, over the phone, or by visiting one of our Financial Services Stores.
Features and benefits
  • Save money with $0 monthly and $0 annual fees
  • Use your money your way by making extra repayments without penalty and redraw any extra repayments as you need it 
  • Benefit from flexible repayment options – pay weekly, fortnightly or monthly
  • Available for owner occupied or construction purposes
  • You can borrow up to 95% of the property value with lenders mortgage insurance. Lenders mortgage insurance will apply if you borrow over 80% of the property value
  • If you borrow 80% or less of the property value lenders mortgage insurance may not be required and you may be eligible to receive a lower variable interest rate.

 

Fees
  • New application fee $600
  • Valuation, legal and top up fees may apply
  • $0 monthly and $0 annual fees
  • Redraw fee:
    • Internet (BPAY, internal and external transfers) $15
    • Staff Assisted $30

Additional fees may also apply. Please refer to current schedule of fees and charges.

Borrowing power calculator

Loan repayment calculator
Stamp duty calculator
Eligibility
You can apply if you:
  • Are over 18 years of age
  • Have a regular income
  • Are not bankrupt
  • Are an Australian citizen, a permanent resident or have an approved working Visa
  • Have not had defaults on any Loans, Credit cards, Interest free finance or Store cards in the last 5 years
  • Have been in your current job longer than 6 months
 
What you may need to apply:
  • Your personal details, such as your current and previous address, phone number and email address
  • Details of your income, employment, any assets (e.g. home, car or savings) and debts (mortgages, loans and credit cards) you currently have.

 

Self employed

Community First Credit Union is able to offer loans to self employed applicants including home loans, personal loans, credit cards and overdrafts. Please note that Community First does not offer commercial lending. Find out more here.

 

Rates
Picture of Basic variable home loan

Basic variable home loan

LVR 80% or less - Owner-occupied Principal & Interest
Interest rate from
4.10% p.a.1
Comparison rate  from
4.16% p.a.*
Picture of Basic variable home loan

Basic variable home loan

LVR 80% or less - Owner-occupied Interest Only
Interest rate
4.45% p.a.1
Comparison rate
4.94% p.a.*
Picture of Basic variable home loan

Basic variable home loan

LVR over 80% - Owner-occupied Principal & Interest
Interest rate
4.51% p.a.1
Comparison rate
4.57% p.a.*
Picture of Basic variable home loan

Basic variable home loan

LVR over 80% - Owner-occupied Interest Only
Interest rate
4.86% p.a.1
Comparison rate
5.10% p.a.*
Credit eligibility criteria, terms & conditions, fees & charges apply.
1 Rates are current as at 1/12/17 and subject to change without notice.  

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