Central Murray Credit Union HOUSING LOAN (CODE) - Investment - Fixed Interest - 36 months - Principal and Interest
Fixed rate
A home loan from Central Murray Credit Union with fixed rates from 7.74% a year.
- Interest rate a year, from
- 7.74%
- Comparison rate
- 7.81%
- Upfront fees
- Not published
- Annual fee
- Not published
- Monthly fee
- Not published
Monthly repayment
$600,000 over 30 years
What it would cost
At the lowest rate of 7.74% (3 year fixed, investment, principal and interest). The rate you are offered depends on your deposit and the loan you choose, and upfront fees are not included.
- Monthly repayment
- $4,294
- Total repayments
- $1,545,958
- Interest
- $945,958
Rates
Every rate Central Murray Credit Union publishes for this loan. LVR is the loan as a share of the property's value: 80% for a 20% deposit.
| Rate | Property | Repayments | LVR | Interest rate | Comparison rate |
|---|---|---|---|---|---|
| 3 year fixed | Investment | Principal and interest | Any | 7.74% | 7.81% |
Comparison rates are for an example loan of $150,000 over 25 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Fees and features
Fees
- Upfront fees
- Not published
- Annual fee
- Not published
- Monthly fee
- Not published
Features
- Offset account
- No
- Redraw
- No
- Highest LVR
- 95%
- Loan amount
- Not published
How it compares
Against the other home loans we compare, for a home you live in with a 20% deposit. Typical means the middle half of them.
Smallest deposit
5%
Most loans need at least 10% of the price.
Pros and cons
Pros
- Fixed rates on offer. You can fix for 3 years if you'd like repayments that don't change for a while.
Cons
- No offset account. Your savings can't reduce the interest unless you pay them into the loan.