LINE OF CREDIT
LINE OF CREDIT
- From (investment)
- 8.48%
- Variable
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable Interest only repayment due on the 1st day of the month following interest charging at the end of previous month. | 8.48% | — | — |
Fees
| Fee | Type | Amount |
|---|---|---|
| HOME_LOAN_LEGAL_FEE A one off fee required to document and settle your loan. | Event | $430.00 |
| PROPERTY_VALUATION_FEE This fee covers the cost of valuing your property. When valuation is required, cost may vary dependant on a number of factors. Cost will be confirmed prior to ordering. | Cash advance | $0.00 |
| HOME_LOAN_SECURITY_VARIATION When there is a variation made to the security used for an existing loan agreement. Charged per security. | Event | $300.00 |
| LOAN_VARIATION When there is a variation made to the terms of an existing loan agreement. For example principal reduction, change to loan term. | Event | $150.00 |
| LOAN_TOP-UP Additional establishment fee for increasing your VARIABLE rate home loan at any point after the home loan has been finalised. Does not include Fixed rate loans | Event | $300.00 |
| RECONTRACTING_FEE Any amendments made to the loan after the loan contract has been created but before it has been funded will incur a fee. | Event |
Features
- Onging access to funds up to an approved limit
- Interest only repayments
- For personal investment purposes such as purchasing shares and investments
- Term up to 10years
Eligibility
- Individuals only
- Minimum age — 18 years
- Residency statusMust be an Australian citizen or permanent resident, with an Australian residential address
- Be able to meet SCCU assessment criteria and demonstrate capaity to repay the loan
- Provide acceptable residential mortgage security which must be insured with SCCU noted as interested party
Constraints
- Maximum LVR — 8000%
- Minimum limit — $20,000.00
- Maximum limit — $1,000,000.00
More Information
Published by Southern Cross Credit Union under the Consumer Data Right · Last updated 15 May 2026 · Product ID LINE_OF_CREDIT · View on CDR.gov.au