Laboratories Credit Union Limited


Optimum Fixed Rate Home Loan Package1

SWSCU provides a fixed rate home loan package, at a very competitive interest rate with the option of a redraw and offset facility. The annual percentage rate for the first 12 months is the South West Slopes 1 Year Fixed Home Loan Rate, currently 3.69%. It then reverts to the Standard Variable Home Loan Rate discounted by 0.10% for the life of the loan or can be re-fixed for a further period at your request. We also offer an optional Rate Lock to secure this great rate at a fee of $250 if you don't want to miss out.1

  • 0.10% lifetime discount to Standard Variable Home Loan Rate
  • Offset facility included
  • Split with Fixed and Variable options

3.69% pa
Fixed Interest Rate

4.12% pa2
Comparison Rate

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Optimum Fixed Rate Home Loan Package
Interest Rates
Fixed Interest Rate3.69% pa
Standard Variable Rate4.10% pa3
Comparison Rate4.12% pa2
Fixed Rate Term in Years1 
Ability to enter into second fixed rate period?Yes 
Lifetime discount0.10% discounted rate for life of loan
Flexible RepaymentsWeekly, Fortnightly, Monthly
Top Up FacilityNo
Split Loan with Fixed Variable OptionsYes, transfer to variable portion at completion of Fixed Rate period
Maximum Term in Years30 
Redraw FacilityYes 
Offset AccountYes 
Additional Repayments Accepted (up to $20,000 p.a.)Yes
Branch AccessYes 
Interest ChargesCalculated daily, charged monthly
Application Fee$250 
Monthly Fee$10 
Additional Repayments Fee$0 
Redraw Fee$0 
Valuation FeeAt cost
Legal FeesAt cost
Optional Rate Lock Fee$250 


1 Applications are subject to our normal credit assessment criteria. Terms and Conditions apply. Interest rates may change. Fees and Charges may apply.

2 WARNING The 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. Fees, charges, terms and conditions may apply

3 After the first year, the interest rate changes to South West Slopes Credit Union's standard variable home loan rate minus 0.10%.