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Solutions Plus Home LoanSmart Home LoanMy First Home LoanTeachers Flexi ChoiceTeachers AdvantageTeachers Fixed OptionTeachers Interest OnlySplit Loan Option
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Special requirements
Applicants must be eligible for the
Rewards Package1		Applicants must be eligible for the
Rewards Package1		Applicants must be eligible for the
First Home Owners Grant		n/an/an/an/an/a

Interest rate

Interest rate typeVariableVariableVariableVariableFixed 1 yearFixed from 1-3 yearsVariable or fixed from 1-3 yearsCombination
Annual percentage rate

6.39%pa

6.49%pa

6.79%pa

7.04%pa

6.18%pa

Fixed for 1 year
6.18%pa
Fixed for 2 years
 6.18%pa
Fixed for 3 years
 6.35%pa

Variable
 7.04%pa
Fixed for 1 year
 6.18%pa
Fixed for 2 years
 6.18%pa
Fixed for 3 years
 6.35%pa

n/a

Comparison rate*

6.62%pa 

6.72%pa

6.79%pa

7.09%pa

7.00%pa

Fixed for 1 year
7.00%pa
Fixed for 2 years
6.92%pa
Fixed for 3 years
6.89%pa

Variable
 7.09%pa
Fixed for 1 year
7.00%pa
Fixed for 2 years
6.92%pa
Fixed for 3 years
6.89%pa

n/a

At end of fixed rate it converts ton/an/an/an/aTeachers Flexi ChoiceTeachers Flexi ChoiceTeachers Flexi
Choice		n/a

Loan details

Maximum loan amount as % of valuation or purchase price whichever is lesserup to 80%up to 80%up to 80%up to 80%up to 80%up to 80%up to 80%up to 80%
With Lenders Mortgage Insurance premium95%95%98%95%95%95%95%95%
Minimum loan amount$25,0003$25,0002$100,000$25,000$100,000$25,000$25,000$25,000
Maximum loan term30 years30 years40 years30 years30 years30 years30 years30 years

Fees and charges

Application fee$200$200$0$150$150$150$150$150
Monthly feesn/an/an/an/an/an/an/an/a
Ongoing fees

n/a

n/a

n/an/an/an/an/a

n/a

Early termination fee

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Break costs on fixed products only

do 

Tick 

n/a

n/a

 Tick

 Tick

 Tick

Loan purpose

First home

Yes

Yes

Yes

Yes

Yes

Yes

Own home

Yes

Yes

Yes

Yes

Yes

Yes

Vacant land

Yes

Yes

 

Yes

Yes

Yes

Renovations

Yes

Yes

Yes

Yes

Yes

Investment property

Yes

Yes

Yes

Yes

Yes

Refinancing

Yes

Yes

Yes

Yes

Yes

Yes

Loan features

 

Can make lump sum payments

 do

 Tick

Yes

 Tick

 Tick
Variable only

 Tick
variable only

Fortnightly, monthly or weekly payments

 do

 Tick

 Tick

 Tick

 Tick

Monthly only

 Tick

Ability to split

do
With 1, 2 and 3 yr Fixed
option and Interest only

do
With 1, 2 and 3 yr Fixed
option and Interest only

Tick
With 3yr fixed only

 Tick

 

 Tick

 Tick

 Tick

Redraw

 do
Variable only

do
Variable only

 Tick
Variable only

Yes

 Tick

 Tick
Variable only

 Tick
Variable only

Repayment pause

Yes
Variable only

do
Variable only

Yes
Variable only

Yes

Yes
Variable only

Yes
Variable only

Portability Yes

 do

Yes

 Yes Yes Yes Yes
Top-up Yes

 do

Yes

 Yes Yes
Credit Union pays standard valuation fee, title search and settlement costs Yes
Credit Union pays the standard valuation fee for Edvest members Yes Yes Yes Yes Yes Yes
Solutions Plus Home LoanSmart Home LoanMy First Home LoanTeachers Flexi ChoiceTeachers AdvantageTeachers Fixed OptionTeachers Interest OnlySplit Loan Option
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*Comparison rates quoted are based on $150,000 for a term of 25 years. Rates apply to secured loans only. 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. The Comparison rates are only accurate for the specified amount of credit and specified term. Rates apply to secured loans only.
Travel costs may be incurred in some remote areas for valuations.
Lenders mortgage insurance is subject to eligibility.
The amount you can borrow depends on factors such as your income and value of the property.
1 $200 per annum fee for the Rewards Package paid from the S1 Everyday account. 
2 The total of the new home loan borrowings funded must be at least $150,000 or more to be eligible for the Rewards Package.
3 The total of the new home loan borrowings funded must be at least $250,000 or more to be eligible for the Rewards Package.