Our range of Home Loans
Compare variable rate Home Loans Compare more Home Loans Variable rate Home Loans

Feature	My First Home Loan1	Teachers Flexi Choice	Teachers Equity Choice	Smart Home Loan
Loan limit	Min $100,000	See below 2	Min $20,000	$150,000
Maximum loan term	40 years	30 years	25 years	30 years
Annual percentage rate	7.99%	8.20%	8.65%	7.87%
Comparison Rate	8.00%	8.26%	9.71%	7.93%
Maximum loan amount as % of valuation or purchase price, whichever is lesser	85%	85%	85%	80%
With Lenders Mortgage Insurance 3	100%10	95%	95%	95%
Application fees	Yes	Yes	Yes	Yes
Account keeping fees	None	None	None	None
Early discharge penalty (break costs)	Yes 4	None	None	Yes
Can make lump sum payments
Fortnightly, monthly or weekly 5 payments
Variable interest rate
Redraw advance payments
Repayment pause
Portability 6
Credit Union pays standard valuation fee 9, title search, registration and settlement costs
Credit Union pays the standard valuation fee for Edvest Members
Can add onto an existing loan		Min $5,000	Min $5,000	Min $25,000
To purchase your first home
To purchase another owner-occupied home or vacant land
To make renovations
To purchase an investment property
To purchase another home before your home is sold
Use property equity for worthwhile purchase
To refinance your existing home loan

More Home Loans

Feature	Teachers Advantage	Teachers Fixed Option	Teachers Interest Only	Split Loan Option
Loan limit	See below 2	See below 2	Min $20,000	See below 2
Maximum loan term	30 years	30 years	30 years	30 years
Fixed period	12 months 7	1, 2, 3 yrs	1, 2, 3 yrs	1, 2, 3 yrs
Annual percentage rate	7.89%	1 yr 7.79% 2 yrs 7.69% 3 yrs 7.39%	Variable: 8.20% Fixed: 1 yr 7.89% 2 yrs 7.79% 3 yrs 7.49%	See table
Comparison Rate	8.22%	1 yr 8.21% 2 yrs 8.15% 3 yrs 8.01%	Variable: 8.26% Fixed: 1 yr 8.22% 2 yrs 8.17% 3 yrs 8.04%	See table
Maximum loan amount as % of valuation or purchase price, whichever is lesser	85%	85%	80%	85%
With Lenders Mortgage Insurance 3	95%	95%	95%	95%
Application and account keeping fees	None	None	None	None
Early discharge penalty (break costs)	None	Yes	Yes	Yes on fixed portion
Can make lump sum payments			On variable only	8
Fortnightly, monthly or weekly 5 payments			Monthly only
Variable interest rate				(part)
Fixed interest rate				(part)
Redraw advance payments				8
Repayment pause				8
Portability 6
Credit Union pays standard valuation fee for Edvest Members
Can add onto an existing loan			Min $5,000 on variable only	8
To purchase your first home
To purchase another owner-occupied home or vacant land
To make renovations
To purchase an investment property
To purchase another home before your home is sold
Use property equity for worthwhile purchase
To refinance your existing home loan

Loan calculators

Use our loan calculators to find out how much you can borrow, your repayments and more.

Repayment pause

Temporarily cease your variable Home Loan repayments in the event of maternity/paternity leave or leave to care for a sick child, partner or parent. For terms and conditions please see the application form.

1. Applicants must be eligible for the First Home Owners Grant.
2. The amount you can borrow depends on factors such as your income and value of the property. Please contact us.
3. This insurance is subject to eligibility and arranged by your Credit Union.
4. A Deferred Establishment Fee applies if you repay within 3 years.
5. Weekly payments are available provided they are made directly from salary.
6. Portability means the loan may not need to be paid out if you sell the property used as security for the loan and purchase another property.
7. Interest fixed for the first 12 months, then Teachers Flexi Choice loan variable interest rate applies.
8. On variable only.
9. Travel costs may be incurred in some remote areas.
10. 100% LVR only available over 40 years if loan less than $500,000. If mortgage insurance not required no maximum limit.

Fees and charges and lending criteria apply. Terms and conditions available on request.

Comparison Rates quoted are based on $150,000 for a term of 25 years except for Teachers Equity Choice loan which is based on $30,000 for a term of 5 years, with monthly repayments. Rates apply to secured loans only. Comparison Rate Schedule

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.