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Illawarra Credit Union home loans
Illawarra Credit Union has been serving the Illawarra region since 1972. It is community focused and aims to help members map and achieve their financial strategy. Customers of Illawarra Credit Union must also become a member of the union and therefore have a say in how it is run. One of the main points of difference here is that Illawarra’s profits are reinvested into the business, unlike the major banks where the profits go to the shareholders.
Illawarra offers a full range of financial products and services, including:
- Home loans.
- Personal loans.
- Savings accounts.
- Everyday transaction accounts.
- Term deposits.
- Business banking solutions.
Illawarra Credit Union Home Loan Calculator
Interested in a Illawarra home loan? RateCity has a suite of calculators that can show you what your repayments would be and how Illawarra compares to its competitors. Simply plug in your borrowing amount below.
Personal Finance Editor
Content updated
Product data updated
Why choose Illawarra Credit Union
Illawarra Credit Union Home Loans
Loan amount
Minimum deposit
Loan type & Term
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5.49%
6.22%
$2,147
Australian Credit Licence 245576
Fees & charges apply
The Works Package Fixed (Principal and Interest)
- Owner Occupied
- Fixed 2 years
- 5% min deposit
- P&I
6.04%
5.87%
$1,762
Australian Credit Licence 245576
Fees & charges apply
Bare Essentials Fixed (Interest Only)
- Owner Occupied
- Fixed 1 year
- 5% min deposit
- Interest Only
5.64%
5.81%
$2,179
Australian Credit Licence 245576
Fees & charges apply
Bare Essentials (Principal and Interest)
- Owner Occupied
- Fixed 3 years
- 5% min deposit
- P&I
5.64%
5.82%
$2,179
Australian Credit Licence 245576
Fees & charges apply
Bare Essentials (Principal and Interest)
- Owner Occupied
- Fixed 2 years
- 5% min deposit
- P&I
5.74%
5.84%
$2,200
Australian Credit Licence 245576
Fees & charges apply
Bare Essentials (Principal and Interest)
- Owner Occupied
- Fixed 1 year
- 5% min deposit
- P&I
5.74%
5.84%
$2,200
Australian Credit Licence 245576
Fees & charges apply
Bare Essentials (Principal and Interest)
- Owner Occupied
- Variable
- 5% min deposit
- P&I
5.84%
6.10%
$2,221
Australian Credit Licence 245576
Fees & charges apply
Bare Essentials Investor Fixed (Principal and Interest)
- Investor
- Fixed 2 years
- 5% min deposit
- P&I
5.94%
6.11%
$2,242
Australian Credit Licence 245576
Fees & charges apply
Bare Essentials Investor Fixed (Principal and Interest)
- Investor
- Fixed 3 years
- 5% min deposit
- P&I
6.04%
6.14%
$2,264
Australian Credit Licence 245576
Fees & charges apply
Bare Essentials Investor Fixed (Principal and Interest)
- Investor
- Fixed 1 year
- 5% min deposit
- P&I
6.04%
6.14%
$1,762
Australian Credit Licence 245576
Fees & charges apply
Bare Essentials Investor Fixed (Principal and Interest)
- Investor
- Fixed 2 years
- 5% min deposit
- Interest Only
6.04%
6.14%
$2,264
Australian Credit Licence 245576
Fees & charges apply
Bare Essentials INV Variable (P&I)
- Investor
- Variable
- 5% min deposit
- P&I
6.34%
6.17%
$1,849
Australian Credit Licence 245576
Fees & charges apply
Bare Essentials Investor Fixed (Interest Only)
- Investor
- Fixed 1 year
- 5% min deposit
- Interest Only
Home Loans calculator
Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios.
Your estimated mortgage repayments
Total interest
$0
Total repayments
$0
- All calculations are estimates only; they are not guarantees, pre-qualifications or pre-approvals for borrowing. All results are based solely upon the data entered into the calculator.
- It is assumed that data entered into the calculator, including interest rates, do not change for the lifetime of the loan - unless specified.
- The Present Value provided by this calculator is displayed as the amount labelled 'Loan amount'.
- At the end of the interest-only period, the rate may change. For this calculation, rate switches to the current rate.
- The current rate is today’s average big 4 owner occupier advertised discounted variable rate (LVR 80%), unless you have inserted your own rate.
- Interest is calculated by compounding on the same frequency as the repayment selected, i.e. weekly, fortnightly or monthly.
- Months are assumed to be of equal length. However, given some months are longer than others, interest charged may vary depending upon the month.
- One year is assumed to contain exactly 52 weeks or 26 fortnights. Thus each year has 364 days.
- The calculator uses the unrounded repayment to derive the home loan summary line graph and repayment schedule. However, institutions may round repayments to the nearest cent.
- Your final mortgage repayments or borrowing amount will depend on your lender’s eligibility criteria among other factors.
- Calculator does not include the cost of fees or other extra charges.
- Calculator does not account for changes to interest rates over time.
- This calculator is for information purposes only. Any advice is general and has not taken into account your personal circumstances. Consider whether you need financial advice from a qualified adviser.
- After the interest only term ends, your repayments will change based on the current* interest rate. This rate is subject to change. Read our full disclaimer.
Illawarra Credit Union customer service
Illawarra Credit Union has a limited branch network in the NSW Illawarra region, south of Sydney. You can call the credit union from Monday to Friday, as well as Saturday, or email them directly. You also have the option of online banking to have 24/7 access to your money.
- Customer service centre (phone)
- Online banking
- NSW branches
- Mobile lenders
How to Apply
Illawarra Credit Union allows you to apply online for a home loan or you can request that a mobile banker contact you, or you can visit a branch. But first, you must become a member, which is easy. You’ll need to provide a member share contribution of $2 so you can become a shareholder of the credit union. You’ll need to be an Australian citizen or a permanent resident to apply online. Documents you will need include:
- Personal identification material.
- Proof of income – whether you are self-employed or work for an employer.
- Proof of other income, including rental income.
- Information regarding your current debts, liabilities and assets.
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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.