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Loan Interest Rates

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Our interest rates have been designed with you in mind - our members. We do not inflate rates as we do not have shareholders taking a percentage of our profits. Any profits we make are returned to you through better products, rates and fees.  Take a look at our current interest rates below.

NB - the below Home Loan rates are for Owner Occupied Home Loans.  For Residential Investment Home Loan Rates click here.

Home Loan Rates (Variable) 

  Interest Rate Comparison Rate
Autumn Home Loan From 3.79% pa8** From 4.23% pa8**
Basic Home Loan 5.25% pa From 5.27% pa1
Classic Home Loan From 4.90% pa** From 4.92% pa1**
Premium Home Loan From 4.25% pa** From 4.42% pa1**
Premier Plus Home Loan From 4.15% pa** From 4.26% pa3**
Lifestyle Home Loan From 5.25% pa** From 6.62% pa9**

Home Loan Rates (Fixed)

For Home Loans $250,000 and over

  Interest Rate Comparison Rate
1 Year Fixed Rate Home Loan 4.31% pa From 4.43% pa1**
2 Year Fixed Rate Home Loan 4.43% pa From 4.46% pa1**
3 Year Fixed Rate Home Loan 4.13% pa From 4.42% pa1**
4 Year Fixed Rate Home Loan 4.68% pa From 4.57% pa1**
5 Year Fixed Rate Home Loan 4.72% pa From 4.62% pa1**

For Home Loans $150,000 to $249,999

  Interest Rate Comparison Rate
1 Year Fixed Rate Home Loan 4.47% pa 4.99% pa2
2 Year Fixed Rate Home Loan 4.59% pa 4.97% pa2
3 Year Fixed Rate Home Loan 4.28% pa 4.88% pa2
4 Year Fixed Rate Home Loan 4.83% pa 4.98% pa2
5 Year Fixed Rate Home Loan 4.87% pa 4.99% pa2

For Home Loans $100,000 to $149,999

  Interest Rate Comparison Rate
1 Year Fixed Rate Home Loan 4.57% pa 5.15% pa10
2 Year Fixed Rate Home Loan 4.69% pa 5.13% pa10
3 Year Fixed Rate Home Loan 4.38% pa 5.04% pa10
4 Year Fixed Rate Home Loan 4.93% pa 5.13% pa10
5 Year Fixed Rate Home Loan 4.97% pa 5.13% pa10

Mortgage Offset Account

The Mortgage Offset Account Rate is based on the rate that is applied to your Home Loan under the Premium & Premier Plus Home Loan packages.

 Car Loan Rates

  Interest Rate Comparison Rate
Rate Crusher Variable Car Loans (vehicle >$20,000, new car) 5.65% pa 5.89% pa5
Rate Crusher Variable Car Loans (vehicle >$20,000, up to 3yrs old) 6.65% pa 6.89% pa5
Rate Crusher Variable Car Loans (vehicle >$20,000, 3 - 5 yrs old) 7.65% pa 7.88% pa5
Rate Crusher Fixed Car Loans (vehicle >$30,000, up to 2yrs old) 7.99% pa 8.09% pa4
Rate Crusher Fixed Car Loans (vehicle <$30,000, up to 2yrs old) 8.49% pa 8.93% pa6
Rate Crusher Fixed Car Loans (vehicle 2-5yrs old) 9.49% pa 10.67% pa7
New Car Loans (vehicle up to 3yrs old) 12.05% pa 12.27% pa5
Used Car Loans (vehicle 4-9yrs old) 13.05% pa 13.47% pa6
Used Car Loans (vehicle over 9yrs old) 16.05% pa 17.17% pa7

Personal Loan Rates (Variable)

  Interest Rate Comparison Rate
Secured 16.40% pa 17.52% pa7
Home Owners Unsecured 15.90% pa 17.02% pa7
Unsecured 19.90% pa 20.99% pa7

Additional Information

Questions

If you have any questions Contact Us

Please note: Fees and Charges apply. Loans are subject to South West Credit's normal lending criteria.

Rates Effective 1 March 2017

* Fixed Interest Rates are indicative only and subject to change prior to settlement.

** Conditions apply - please contact one of our Lending Consultants for full Terms and Conditions.

1 Comparison rates calculated on a loan amount of $250,000 over a term of 25 years.  2 Comparison rates calculated on a loan amount of $150,000 over a term of 25 years. 3 Comparison rates calculated on a loan amount of $500,000 over a term of 25 years. 4 Comparison rates calculated on a loan amount of $50,000 over a term of 7 years.  5 Comparison rates calculated on a loan amount of $30,000 over a term of 5 years. 6 Comparison rates calculated on a loan amount of $20,000 over a term of 4 years. 7 Comparison rates calculated on a loan amount of $10,000 over a term of 3 years. 8 Comparison rates calculated on a loan amount of $500,000 over a term of 25 years. 9 Comparison rates calculated on a loan amount of $20,000 over a term of 5 years.  10 Comparison rates calculated on loan amount of $100,000 over a term of 25 years.

WARNING: These comparison rates apply only to the examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. A comparison rate schedule is available.

Please note that all interest rates are per annum and they are calculated daily on the outstanding balance and debited to the loan account at the end of each month.  South West Credit Union lending criteria applies to all loan types.  Terms and Conditions, Fees and Charges apply and are available on request.