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.
|Discount||Interest Rate||Comparison Rate||Effective of|
|Advantage Plus Home Loan||–||4.75%||4.81%||Current|
|Advantage Plus Home Loan – Special Rate*||0.15%||4.60%||4.66%||Current|
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 $903.59)
- 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
Products issued by MCU Ltd ABN 52 087 650 995 AFSL/ Australian credit licence 246921. Your needs and financial circumstances have not been taken into account. Fees and charges apply see Loan Fees and Charges. Terms of Loan contract are available on request. Email email@example.com 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.