Home Loans

CREDIT UNION HOME LOANS 

With a Credit Union Fixed Rate Home loan you are protected from any rises to interest rates during your fixed term. You will always know exactly how much you have to repay each month, giving you the security to budget with confidence.

• Maximum Loan - 95% (Rotorua), 90% (Kawerau) of the purchase price of your new home.

• Interest Rate - Fixed for between one year and five years.

• Interest Only Option - You can arrange to repay interest only for up to 10 years.

• Loan Top-Ups and Redraw Facilities are not available for this product.

   

Credit Union Floating Rate Home Loan offers the flexibility to make additional repayments at any time. You will also be able to use your home loan to access extra funds at a later date, using the redraw facility.A Credit Union Floating Rate Loan is ideal if you have extra money to put towards your home. However, as the interest rate may change,  this option may not suit if your commitments are stretched.

• Maximum Loan - 95% (Rotorua), 90% ( Kawerau) of the purchase price of your new home.
• Interest Rate - Floating, with repayment terms to 30 years.
• No Charge For Extra Repayments - You can increase your regular repayment amount or make extra lump sum repayments at any time, without penalty.
• Redraw Facilities - Provides for the redraw of extra principal repayments - conditions apply.
• Interest Only Option - You can arrange to repay interest only for up to 10 years

 Or you can have a mixture of all these options.

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