Competitve Interest Rates

  No ongoing Fees and Charges

  No Penalty for Early Repayment or Lump Sum Payment

Whether you are buying your first home or upgrading to a larger one, you need a loan that gives you the flexibility to balance your mortgage and your lifestyle.

A credit union home loan offers the convenience of:

• Competitive Interest Rates
• No ongoing Fees and Charges
• No penalty for early repayment or lump sum payments
• FREE death cover
• FREE payroll deductions
• FREE periodic payments from your savings account.
• Interest is calculated on the daily outstanding closing balance of the loan on the last day of the month
• FREE direct credit
• Flexible weekly/fortnightly or monthly repayments
• Redraw facility - You can draw against loan repayments made in advance
• Consumer Credit Insurance
• Lenders Mortgage Insurance
• Processing of First Home Owners Grant applications

Talk to us about a home loan to suit your individual needs.

Home Equity Loan

A Home Equity Loan is a mortgage secured loan which compliments your housing loans and can be used for home extensions, home improvements or any other worthwhile purpose and includes all the benefits of the Home Loan Product.

Call on us today and take advantage of the equity in your home!

Free Death Cover

For eligible borrowers there is a BONUS Membercare Loan Protection Cover.

What is Membercare Loan Protection

Membercare Loan Protection is a term life insurance coverage provided by Heritage Isle

Credit Union for eligible borrowing members.

What this means

Whilst the insurance remains current, all eligible members who have a Credit Union loan have at no extra cost, automatic financial protection for their family. This means that if you, the borrower, die, the debt dies with you. (Maximum coverage limits apply)

Security when borrowing

Membercare Loan Protection is another Credit Union benefit designed to provide additional financial protection for borrowing members and their families.

Consumer Credit Insurance - Mortgage Protect Cover

The most important mortgage repayment you will ever make is to protect the biggest asset you'll ever own. Consumer Credit Insurance, such as Mortgage Protect, is an optional form of loan protection, which is available for up to two insureds. It is designed specifically to protect credit union members by meeting their loan obligations in the event of Trauma, Disability or Involuntary Unemployment. Terms and conditions apply.

Lenders Mortgage Insurance

Essentially this gives people with less deposit the opportunity to enter the property market. Lenders Mortgage Insurance also allows propery investors to have higher lending ratios, giving them the opportunity to leverage off the associated benefits of negative gearing.

First Home Owners Grant

The first home owners grant (FHOG) has been established to offset the effect of the GST on home ownership by providing a grant to first home owners. The grant is not means tested nor is it restricted by the purchase price of the property. Heritage Isle Credit Union participates in the administration of the grant as an approved agent of the Commissioner of State Revenue.