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Central Murray Credit Union home loans

Central Murray Credit Union has home loan rates starting from 6.74%.

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Central Murray Credit Union is a member-owned bank offering a range of home loans for Australian borrowers. Check out the full table of Central Murray Credit Union products below or read more about the lender.

Compare Central Murray Credit Union home loans for November 2024

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Name Interest Rate p.a. Comparison Rate p.a. Fees Monthly Payment
Central Murray Credit Union logo
Principal & InterestInterest only5% min. depositOwner-occupierOffset account
Central Murray Credit Union logo
Principal & InterestInterest only5% min. depositOwner-occupierOffset account
Product NameCentral Murray Credit Union Variable Home Loan
Interest Rate Typevariable rate
Repayment Type Principal & Interest Interest Only
Interest Rate p.a.6.74%
Comp. Rate p.a.6.80%
Minimum Loan Amount$0
Maximum Loan Amount $750,000
Maximum Loan Term30 years
Maximum LVR 95%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityNo
Fixed Interest OptionNo
Loan PortableNo
Extra Repayments Yes
Interest Rate
6.74%
Comparison Rate
6.80%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$973
Central Murray Credit Union logo
Principal & Interest 1Y Fixed11% min. depositOwner-occupier
Central Murray Credit Union logo
Principal & Interest 1Y Fixed11% min. depositOwner-occupier
Product NameCentral Murray Credit Union Fixed Rate Home Loan
Interest Rate Typefixed rate
Repayment Type Principal & Interest
Interest Rate p.a.6.99%
Comp. Rate p.a.6.82%
Minimum Loan Amount$0
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 89%
Loan Redraw FacilityNo
Offset AccountNo
Split Loan FacilityNo
Fixed Interest OptionYes
Loan PortableNo
Extra Repayments No
Interest Rate
6.99%
Comparison Rate
6.82%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$998
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Central Murray Credit Union key facts

  • Central Murray Credit Union is a member owned bank based in Victoria.
  • Central Murray Credit Union offers home loan products for owner-occupiers and investors.
  • This lender also offers other financial products such as personal loans, credit cards, insurance and investments.

Central Murray Credit Union home loan features

Here are the key features and details you need to know about Central Murray Credit Union's mortgage products.

FeatureDetails
Minimum depositIt is possible to get a home loan from Central Murray Credit Union with a deposit as low as 5%.
Offset account?You can get an offset account with several Central Murray Credit Union loans.
Repayment optionsSeveral Central Murray Credit Union home loans allow you to make interest-only repayments for a limited period. The lender also offers the standard principal-and-interest repayments on its loans.

How do I apply for a mortgage from Central Murray Credit Union?

When applying for any home loan, you will need various documents to establish your identity, your financial situation, employment status and details about the property.

Eligibility

The following information is general in nature and applies to most home loans. There may be specific criteria that apply for this lender.

  • Age. You must be over 18 years of age.
  • Residency. You should be a resident of Australia.
  • Employment. You should have a regular source of income.

Documents required

When you apply for a mortgage with Central Murray Credit Union you are required to provide certain information so make sure you have all your documents ready before you apply. The documents you will be expected to provide are:

📄 Property details. You can start a loan enquiry before you've bought a property. But to complete an application you need the address of the property and a signed contract of sale.

📄 Identification documents. You will need identification such as a driver's licence, passport or birth certificate.

📄 Proof of income documents. Recent payslips can establish your income.

📄 Asset and liability documents. You need to provide documents showing your current assets (savings accounts, investments) and liabilities (your outstanding debt).

How to apply for a home loan

More lenders to compare

Check out Finder's main home loans guide if you want to compare more home loans from a range of lenders. Or you could try one of the following lenders:

  • ING. This online bank is part of the global, Dutch financial group of the same name.
  • Commonwealth Bank. The nation's largest bank has a large selection of home loans and a convenient banking app.
  • UBank. This online bank is actually owned by NAB.
  • Athena. This digital fintech lender offers low-rate mortgages and an entirely online, convenient service.
  • Tiimely Home. This lender's online application tool can process your mortgage application fast. Backed by the Bendigo and Adelaide Bank.
  • Bank of Queensland. Outside of the Big Four this is one of Australia's larger banks. BOQ owns Virgin Money.
  • HSBC. The local Australian banking arm of this international bank offers various home loans.

Compare other products from Central Murray Credit Union

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Editor

Richard Whitten is a money editor at Finder, and has been covering home loans, property and personal finance for 6+ years. He has written for Yahoo Finance, Money Magazine and Homely; and has appeared on various radio shows nationwide. He holds a Certificate IV in mortgage broking and finance (RG 206), a Tier 1 Generic Knowledge certification and a Tier 2 General Advice Deposit Products (RG 146) certification. See full bio

Richard's expertise
Richard has written 552 Finder guides across topics including:
  • Home loans
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  • Personal finance
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