Simple Home Loan Investment Variable

Variable - Investment - Principal and Interest
Category: Home Loans  Last Updated March 31, 2026  Effective April 20, 2026

 General Lending Rates

Rates listed below are for a VARIABLE INVESTMENT P&I product. Additional Information
Interest Rate
5.60% PA
Comparison Rate
5.62%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.

 Product Features

  • Digital Banking
  • Notifications
  • Extra Repayments Additional Information: - Unlimited additional repayments and early payout options without penalty
  • Other Additional Information: Automatic repayments can be set up from Salary, LCU account or external account
  • Other Additional Information: Flexible repayments. Weekly, fortnightly or monthly
  • Other Additional Information: No ongoing fees. No annual, monthly or weekly fees
  • Guarantor Additional Information: Family Guarantee. Need help with your deposit? Talk to LCU about getting the bank of mum and dad to help out.
  • Other Additional Information: Interest calculated daily and applied monthly
  • Other Additional Information: Repayment type. Principal and Interest

 Product Eligibility

  • Natural Person
  • Residency Status - At Least One Borrower Must Be An Australian Resident..
  • Min Age - 18.
  • Employment Status - Income Required To Service Loan. Applicant Must Meet Lcu Lending Criteria.
  • Other Additional Information: Security on Austrlian Residential Property (1st mortgage)
  • Other Additional Information: Must be a shareholder owning a $10 share. Each shareholder holds an equal share regardless of their balance. Shareholders have a say in how we run. "Own your Bank" $10 share is refunded if you choose to close your account.
  • Other Additional Information: Maximum loan term is 30 years

 Bank Fees and Charges

  • Valuation Fee (Variable), Amount: 0.00.
  • Solicitors Fees (Variable), Amount: 0.00.
  • Registration Fees (Variable), Amount: 0.00.
  • Pexa Electronic Lodgement Fee (Variable), Amount: 0.00.
  • Contract Variation Fee (Event), Amount: 200.00.
  • Mortgage Discharge Fee (Event), Amount: 200.00.
  • Mortgage Discharge Solicitors Fee (Variable), Amount: 0.00.
  • Lenders Mortgage Insurance (Variable), Amount: 0.00.
  • Other Certificates And Reports (Variable), Amount: 0.00.
  • Land Title Search (Variable), Amount: 0.00.
  • Consent For A Second Mortgage (Variable), Amount: 0.00.
  • Loan Application Fee (Upfront), Amount: 200.00.
  • Rtgs Transfer Fee (Transaction), Amount: 15.00.

 Limitations & Restrictions (Constraints)

  • Min Limit of 50000.00
  • Max Limit of 3000000.00
  • Max Lvr of 80.00 Additional Information: No LMI
  • Max Lvr of 95.00 Additional Information: With LMI