Rates as at 28 Sep 2026
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Southern Cross Credit Union's Standard Home Loan offers owner-occupiers a 6.29% interest rate (6.44% comparison rate) fixed for five years, with principal-and-interest repayments and borrowing up to 60% of the property value. Once the fixed term ends, the rate typically reverts to the lender's variable rate, which should be confirmed directly. The loan includes a redraw facility, extra repayments and up to eight offset accounts. This option is only available for business introduced through LJ Hooker Home Loans, and applicants must meet SCCU's assessment criteria.
This summary was generated from Southern Cross Credit Union’s published product data for this specific rate option. Always confirm current rates with the lender.
Interest only loans have traditionally been tailored to investors so they can reduce their mortgage repayments and maximise their tax benefits and overall return on investment (ROI). However, getting home loan with interest only (IO) has its place and some lenders are willing to consider your application if you can provide valid reasons.
LVR is an acronym for Loan-To-Value Ratio. The LVR is the amount you are borrowing against the property value being used as security, represented as a percentage.
IMPORTANT:Lenders change their policy from time to time so this information is current only accurate at the time that it was written. You should always check with Southern Cross Credit Union or a mortgage broker just to be sure. This information should be used as a guide only.
There is no discharge fee for Standard Home Loan. Which is a good news as most lenders charge a discharge fee range anywhere from $150 to $400 when you exit or refinance out.
Yes, Standard Home Loan comes with a 100% offset account. A 100% offset account is an account linked to your home loan where you can park your savings and spare cash to reduce the interest you pay. Then, when interest is calculated on your home loan, the balance in your offset account is deducted from the loan amount owing, and interest is only charged on what remains.
There is upfront costs of $699 to apply for Standard Home Loan, with no ongoing account keeping fees. Application fee: $699
Lenders change their policy from time to time so this information is current only accurate at the time that it was written. You should always check with Southern Cross Credit Union or a mortgage broker just to be sure. This information should be used as a guide only.