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Great Southern Bank packaged home loans are bundled with extra benefits and discounts on a range of other products such as on credit cards and insurance. Whether you’re looking for the best deal on your next loan, or highest dividends on a savings certificate, Credit Union of America offers competitive rates year-round. To find specific rate details, refer to the product you’re interested in listed on the right.
A home buyer may opt for a floating rate package if they have the repayment ability and prefer to pay according to market interest rates, Mr Chow said. Based on a S$500,000 loan with a 25-year tenure, an HDB flat buyer would pay S$2,709 a month under the DBS two-year fixed rate package with 4.25 per cent interest rate per year. Splitting your loan between variable and fixed interest rates gives you flexibility to structure your loan to suit your circumstances. You can divide your home loan in a variety of ways, such as locking in a fixed interest rate portion and variable interest rate portion, to take advantage of a mix of rate types over the life of your loan. Applications for finance are subject to the Bank's normal credit approval.
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As a not-for-profit organization, Credit Union of America is committed to giving more to its members. Whatever your goal may be, we have a savings account to help you get there. 5 A $200 minimum withdrawal amount applies for redraws conducted in-branch. Want to buy your first home, but dont know where to start?
Since then, there’s been a series of amalgamations and today Great Southern Bank is made up of 171 credit unions. Great Southern Bank is the largest credit union in Australia, with almost half a million customers. Great Southern Bank is owned by these customers, and not by shareholders.
Split your loan
If you wish to apply for a loan, then you need to complete the application form available from our staff. Great Southern Bank have had a range of award winning fixed and variable rate home loans that suit most home buyers or investors. A fixed home loan has interest rates that remain unchanged throughout the lock-in period. A floating loan, on the other hand, varies throughout the life of the loan, depending on the economy and market conditions. Divide your loan into multiple accounts to take advantage of the benefits of both fixed and variable interest rates. Offset home loans cannot be fully fixed, the loan will be split into fixed and variable portions.
The first two are being phased out and the floating interest rate will soon be pegged only to SORA. We don’t charge fees for card purchases or transactions made or processed outside Australia but others, such as the banks of international merchants, might. Approval is subject to Macquarie credit criteria and suitability assessment.
Great Southern Bank home loan calculator
7 A daily transfer will refund any amounts paid in advance in excess of the total advance repayments allowed during the fixed rate period ($30,000) unless sufficient to pay out the loan in full . Excess funds will be transferred to the nominated deposit account, which must remain open for the fixed rate period. Fixed Rate Home Loans are suitable for customers who prefer certainty of their repayments and seek protection from interest rate rises during the fixed rate period.
Applies to each Fixed Rate loan that has selected the rate lock feature. Rate lock is only available at application and a non-refundable fee applies. 4 For Interest Only loans, a maximum interest only period of 36 months applies for owner occupier loans and 60 months for investment loans. For Fixed Rate loans, the interest only period must align with the fixed rate period. On expiry of the Fixed Rate interest only period, loans will revert to the Basic Variable Principal and Interest Owner Occupier or Investor Reference Rate which applies at the time of expiry. Comparison rate for Interest Only loan is based on interest only payments for the fixed term and principal & interest payments for the balance of the term.
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You could start by calculating what sort of amount you would need to borrow another important aspect is to make sure you are able to afford the repayments. Rates are subject to change without notice, they are for information purposes only and should be confirmed by a representative of CUA. For more information about CUA credit card rates, please see the credit card sections forindividuals and for businesses.
Get access to accurate information, tools & support to help you reach your goal. We moved a loan from another bank we were disappointed in and I couldn't believe just how simple it was. Getting a home loan or home equity line of credit with Credit Union of America is convenient and easy. We have local underwriters and offer flexible programs to meet your needs.
At the end of the fixed rate period, the interest rate will revert to the discount variable rate applicable at that time. ~We charge the rate lock fee at the time your home loan account is set up or when we process your request . It is therefore important that you have sufficient funds in your nominated account.
Enjoy the flexibility to make up to $30,000 in total extra repayments during your fixed rate term. 8 An Early Payout Cost may apply if the loan is terminated during the fixed rate period. A partial Early Payout Cost may apply if a reduction to the principal is requested during the fixed rate period. 6 An Early Payout Cost may apply if the loan is terminated during the fixed rate period. Given that interest rates are expected to rise in the foreseeable future, it might still make sense to take a fixed rate package, said Mr Bruce Chow, property platform 99.co's SRX head of loan concierge. Redraw is a product feature that allows you to make extra payments to reduce the outstanding balance of your home loan, which in turn reduces the amount of interest you pay.
Great Southern Bank collects personal information on this form for the purpose of assisting with your enquiry. If you don’t provide this information we may not be able to help you. We store some information in a secure environment in "the cloud" – our privacy policy sets out which countries this information may be hosted in.
The credit provider’s final decision is made at their discretion, subject to decisioning criteria. 1 The use of "featured", "popular", "best" and "top" on Finty do not constitute a product rating or recommendation and are subject to our general disclaimer. Calculations in comparison tables will vary based on personal data input. Some of the products and services listed on our website are from partners who compensate us. This may influence which products we compare and the pages they are listed on.
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