Smart Home Loan offer from Teachers Credit Union

 
Teachers Credit Union has waived the application fee on its discounted Smart Home Loan for a limited time, and positioned it as one of the best home loan deals around. 

Following the last Reserve Bank rate cuts, Teachers Credit Union sliced 1.15% - a substantial 15 basis points more than the RBA reduction – off the Smart Home Loan interest rate, bringing it down to a very competitive 5.20% pa*. 

“We wanted to do something for people refinancing their mortgages or buying their next home, as well as first home buyers, who are already able to access various grants currently on offer,” said Steve James, CEO of Teachers Credit Union.

“We’ve taken the opportunity to reduce the already discounted interest rate, and suspend the application fee for a short period.  With only a low annual fee, and standard one-off establishment fees remaining, this makes the Smart Home Loan, which is part of the Rewards Package, one of the most competitive offers on the market.”

The features of the Rewards Package combined with the Smart Home Loan together add up to not only a highly competitive home loan deal, but also a whole set of additional banking and savings benefits:

• Discounted interest rate, now 5.20%pa*
• No application fee on Smart Home Loan (for a limited time)
• Ability to refinance
• No top-up fees to increase the amount borrowed
• Ability to split between variable and fixed
• A preapproved Teachers Credit Card up to $5,000 limit
• An extra 0.05% bonus savings interest rate earned on term deposits
• Repayments of both principal and interest
• Minimum loan amount of $150,000
• Low $200 annual fee for Rewards Package
• No application fee on personal loan requests
• Monthly access fee waived on Everyday Account 

The Smart Home Loan (as part of the Rewards Package) is highly ranked by infochoice.com.au

“As a co-operative, we aim to have lower fee income than the industry average, while continuing to support members with competitive products and services, “ said Mr James.

Find all the details of the Smart Home Loan and Rewards Package


*comparison rate 5.25%pa

Media contact:

Gillian Tatt
Senior Public Relations Officer
Email: gtatt@teacherscreditunion.com.au
Phone: (02) 9735 9825
Mobile: 0448 259 942