Advantage Plus Home Loan

This loan is a multipurpose home loan which has all the advantages and features of the cool home loan with a discounted variable rate, with optional split overdraft facilities.


  • Redraw facility free for amounts over $2,000, otherwise $25 fee per redraw
  • Make additional repayment with no penalty
  • Pay weekly, fortnightly or monthly
  • No early payout penalty
  • Fee free Visa Debit Card for up to 99 transactions a month


Discount Interest Rate Comparison Rate Effective of
Advantage Plus Home Loan 4.75% 4.80% Current
Advantage Plus Home Loan – Special Rate* 0.15% 4.60% 4.65% Current
Eligibility criteria, terms & conditions, fees may apply. Comparison rate based on a secured loan of $150,000 over 25 years. Rate is subject to change WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other credit amounts might result in a different comparison rate. Maleny Credit Union (MCU Ltd trading as), Australian credit licence 246921.


In addition to satisfying normal credit guidelines, borrowers need to meet the following criteria:

  • The property must be predominately used for residential purposes
  • Maximum Term 30 years
  • Maximum Amount  up to 90% of the valuation of the security property
  • Mortgage Insurance Required if the amount borrowed is more than 80% of the valuation of the security property
  • NIL Application Fee
  • Loan Establishment fees charged to members at cost (minimum $734.29)
  • Annual Fee $299 (only if loan is split)
  • Split – Maximum 2 Overdrafts

* Special Rate

We want to benefit members who go beyond implementing the standard energy efficient practice and have therefore listed several energy efficient saving ideas.  So if you are looking at building or purchasing an existing dwelling, meet 3 of these criteria and you will receive an interest rate discount of 0.15% off the Advantage Plus Home Loan.

  • Solar, Gas or Heat Pump hot water system
  • Solar Power
  • Rainwater Tanks (minimum 1000 litres)
  • Eaves not smaller than 600mm on eastern and western walls
  • Insulated walls
  • Installing Eglass
Home Loan Key Facts Sheet

Loan Prequalification Form

Loan Application Form (pdf)
Products issued by MCU Ltd ABN 52 087 650 995 AFSL/ Australian credit licence 246921. The advice provided has been prepared without taking into account the customer’s objectives, financial situation or needs; you should consider the appropriateness of the advice in light of your own objectives, financial situation or needs, before you follow the advice; and if the advice relates to the acquisition or possible acquisition of a financial product then you should obtain a copy of and consider the Product Disclosure Statement (PDS) for that product before making a decision. Fees and charges apply see Loan Fees and Charges. Terms of Loan contract are available on request. Email info@mcu.com.au or visit our branch. 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. This offer is subject to change without notice.