Home / Investment Loans

We understand that buying a home is probably the most important, and expensive purchase you'll ever make. We have designed hassle-free home loans to make this venture even easier for you.

Premium Home Loan Package¹

We know how hard you’ve worked to afford a new home for your family, so why should you just throw money away on fees? At Illawarra Credit Union, we design hassle-free home loans to make buying a new home easier, and lighter on your pockets. If you’re looking to borrow over $250,000 then look no further than ICU’s new Premium Home Loan Package.

Flying Start Home Loan

If you are applying for a new loan, or you want to refinance your existing loan from another institution, this may be the loan for you. This loan is designed to get you off to a flying start, with the interest rate discounted from the standard variable rate for the first 12 months.

Basic Variable Home Loan

With our Variable Home Loan you won't pay for any additional features that you don't need! Our Basic Variable is a no fuss home loan option with a low ongoing variable rate, low monthly fee and you can make additional repayments at any time to help you pay off your loan sooner.

The Basic Variable loan can be used for the purchase or refinancing of an owner occupied or investment home. You can even borrow to build your dream home or make major home improvements.

Standard Variable Home Loan

Our Standard Variable Home Loan is a variable home loan for purchasing or refinancing a home or investment property. You can even borrow to build your dream home or make major home improvements.

Fixed Rate Home Loan

Our competitive Fixed Rate terms are available for 1, 2, 3 and 5 years and come with the flexibility of repayment options to suit your individual needs. Once the term expires, your loan will automatically revert to our standard variable rate, although we will contact you before this happens so you have the option to lock in your rate for a further period.

By locking in your interest rate with our fixed rate loan you get the certainty of knowing exactly what your interest rate and payments will be no matter what happens in the market!

All in One Home Loan

Our All in One Loan is a flexible loan option that gives you access to the equity in your property. You can borrow up to 80% of its value and access this equity any time using your linked Visa Debit Card. This means you can use the All in One to manage all your finances from the one account..

Useful Links and Tools

• Read our home loan FAQs
• Use our calculators to see how much you can borrow
• View our interest rates
• View our fees and charges
• More Information about Responsible Lending

_{Interest rates effective 22/05/2013 and are subject to change. Eligibility criteria, terms and conditions, fees and charges apply. *Based on a loan for an amount of $150,000 secured over a term of 25 years. Warning: the comparison rate only applies to the example or examples given above. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or 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. **Fee Free relates to account keeping and transaction fees applied by the Illawarra Credit Union. Other fees and charges may apply. #Loans approved from 4 Oct 2012 the interest rate is 1.00% below the Standard Variable rate for a period of 12 months, then reverting to 0.55% below the Standard Variable rate for the remainder of the term. For loans approved 9 Nov 2011 to 3 Oct 2012 the discount was 1.30% below the Standard Variable rate for a period of 12 months and for loans approved prior to 9 Nov 2011 the discount was 1.25% below the Standard Variable rate for a period of 12 months, with the loans then reverting to the Standard Variable rate for the remainder of the term. 1. For new home loans only and loan amounts greater than $250,000. 2. Applies for variable loans greater than $400,000.}