Premium Choice Home Loan
Our Premium Choice Home Loan is packed full of features for aspiring home owners.
- From (owner occupied)
- 6.24%
- 6.78% comparison
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Fixed · 1 year Comparison rate based on $150,000 loan over 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. · Aged 18 years or older | 6.24% | 6.78% | Loan to valuation ratio equal to or less than 80% |
| Fixed · 2 years Comparison rate based on $150,000 loan over 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. · Aged 18 years or older | 6.34% | 6.75% | Loan to valuation ratio equal to or less than 80% |
| Fixed · 1 year Comparison rate based on $150,000 loan over 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. · Aged 18 years or older | 6.49% | 6.81% | Loan to valuation ratio greater than 80% |
| Fixed · 3 years Comparison rate based on $150,000 loan over 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. · Aged 18 years or older |
Fees
| Fee | Type | Amount |
|---|---|---|
| Mortgage Discharge Fee This fee is payable in addition to solicitors fees, registration, searches and other third party fees that may apply. | Exit | $300.00 |
| Further Advance Establishment Fee Includes one valuation up to the cost of $300 - Excludes additional valuation costs and solicitors costs to prepare mortgage documents and settlement fees. | Event | $400.00 |
| Contract Variation & Consent Fee A fee is charged when a member applies to vary their loan conditions | Event | $400.00 |
| Establishment Fee Includes one valuation up to the cost of $300 - Excludes additional valuation costs and solicitors costs to prepare mortgage documents and settlement fees. | Upfront | $600.00 |
| Fixed Rate Break Cost You may have to pay this if you pay your loan off in full, make an early or extra repayment above $10,000 p.a, or make certain other changes to your loan, during any fixed-rate period. | Other | From $0.00 |
| Arrears Fees - Default Notice Fee If you don’t make your payment after a period of time in arrears, you will be issued with a default notice. |
Features
- Interest Only option available on request
- PayID
- An account of this product type can be used as the target of an NPP PayID
- Real-time payments (NPP)
- An account of this product type can be used to receive funds as a result of a BSB/Number based NPP payment
- Digital banking
- Access is available to online banking features for the product
- Offset account
- An offset account can be connected to the product
- Extra repayments
- Additional repayment options without penalty applicable to variable rate loans only.
- Redraw facility
- Redraw of repaid principal above minimum required is available. Only available for variable rate loans.
Eligibility
- Residency status — Individuals must be citizens or permanent residents of Australia.
- Minimum age — 18 years
- You will need to become a member of the Credit Union before The Capricornian can accept a loan application.
Constraints
- Minimum limit — $50,000.00
- Maximum LVR — 97%Lenders Mortgage Insurance (LMI) is required where the loan is greater than 80% of the value of the security property for Principal and Interest Loans or 78% for Interest Only Loans. This may vary based on the size and location of the property.
More Information
Published by The Capricornian under the Consumer Data Right · Last updated 10 May 2026 · Product ID 57f2a9d4-5498-490f-82ea-61dff8720cc3 · View on CDR.gov.au · View Source Data (JSON)