fixed home loan

flexibility of fixed or variable interest rate

You can have part of your loan calculated at a variable interest rate or part calculated at a fixed interest rate. A minimum of $20,000 exists for loans that are split between fixed and variable amounts (i.e. minimum $10,000 fixed and minimum $10,000 variable).

fixed interest rate for up to 3 years

The choice is yours - fix your rate for 1, 2 or even 3 years for consistency.

bio-diversity offset

For new owner occupied home construction loans mecu will offset an equivalent amount of land into its Conservation Landbank located in the western region of Victoria. For example if you build a new home on a 650sq/m block, 650sq/m will be allocated into mecu's Conservation Landbank in order to offset any loss of bio-diversity at no cost to you.

eco-pause

Borrowers can take a break from repayments to assist with the purchase of energy and /or water saving devices such as rainwater tanks, solar or grey water system. Take a 3 month pause from full repayments or a 6 month pause at half repayments. Two eco-pause breaks are available for the life of the loan and your payments will be adjusted to ensure you do not exceed the maximum term of the loan.

family repayment pause

When one income earner is on maternity leave, it can be tough on the home finances. Our family repayment pause enables people to take a breather from repaying their loan while starting a family. Take a 3 month pause from full repayments or a 6 month pause at half repayments.

rates (effective 13/07/2010)

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