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Central West Credit Union home loans

A closer look at the home loans provided by Central West Credit Union.

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On this page you can find information about Central West Credit Union home loans. Skip ahead to the full table of products or read more about the lender.

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Name Finder Score Interest Rate p.a. Comparison Rate p.a. Fees Monthly Payment
Central West Credit Union logo
Principal & InterestInterest only 1Y Fixed5% min. depositOffset account
Central West Credit Union logo
Principal & InterestInterest only 1Y Fixed5% min. depositOffset account
Product NameCentral West Credit Union Fixed Rate Housing Loan
Interest Rate Typefixed rate
Repayment Type Principal & Interest Interest Only
Interest Rate p.a.6.29%
Comp. Rate p.a.7.48%
Minimum Loan Amount$10,000
Maximum Loan Amount $1,000,000
Maximum Loan Term25 years
Maximum LVR 95%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableNo
Extra Repayments Yes
Finder score
Interest Rate
6.29%
Comparison Rate
7.48%
Fees
Application: $650
Ongoing: $0 p.a.
Monthly Payment
$929
Central West Credit Union logo
Principal & InterestInterest only 2Y Fixed20% min. depositInvestmentOffset account
Central West Credit Union logo
Principal & InterestInterest only 2Y Fixed20% min. depositInvestmentOffset account
Product NameCentral West Credit Union Fixed Rate Housing Loan
Interest Rate Typefixed rate
Repayment Type Principal & Interest Interest Only
Interest Rate p.a.6.49%
Comp. Rate p.a.7.60%
Minimum Loan Amount$0
Maximum Loan Amount N/A
Maximum Loan Term
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableNo
Extra Repayments Yes
Finder score
Interest Rate
6.49%
Comparison Rate
7.60%
Fees
Application: $650
Ongoing: $0 p.a.
Monthly Payment
$948
Central West Credit Union logo
Principal & InterestInterest only
Central West Credit Union logo
Principal & InterestInterest only
Product NameCentral West Credit Union Minimiser Home Loan
Interest Rate Typevariable rate
Repayment Type Principal & Interest Interest Only
Interest Rate p.a.6.99%
Comp. Rate p.a.7.07%
Minimum Loan Amount$0
Maximum Loan Amount N/A
Maximum Loan Term
Maximum LVR N/A
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityNo
Fixed Interest OptionNo
Loan PortableNo
Extra Repayments Yes
Finder score
Interest Rate
6.99%
Comparison Rate
7.07%
Fees
Application: $850
Ongoing: $0 p.a.
Monthly Payment
$998
Central West Credit Union logo
Principal & InterestInterest only5% min. depositOffset account
Central West Credit Union logo
Principal & InterestInterest only5% min. depositOffset account
Product NameCentral West Credit Union Mortgage Smart Home Loan
Interest Rate Typevariable rate
Repayment Type Principal & Interest Interest Only
Interest Rate p.a.7.50%
Comp. Rate p.a.7.56%
Minimum Loan Amount$0
Maximum Loan Amount N/A
Maximum Loan Term
Maximum LVR 95%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableNo
Extra Repayments Yes
Finder score
Interest Rate
7.50%
Comparison Rate
7.56%
Fees
Application: $650
Ongoing: $0 p.a.
Monthly Payment
$1,050
Central West Credit Union logo
Principal & InterestInterest only25% min. depositOffset account
Central West Credit Union logo
Principal & InterestInterest only25% min. depositOffset account
Product NameCentral West Credit Union Premium Mortgage Smart Home Loan
Interest Rate Typevariable rate
Repayment Type Principal & Interest Interest Only
Interest Rate p.a.6.29%
Comp. Rate p.a.6.33%
Minimum Loan Amount$150,000
Maximum Loan Amount N/A
Maximum Loan Term
Maximum LVR 75%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableNo
Extra Repayments Yes
Finder score
Interest Rate
6.29%
Comparison Rate
6.33%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$929
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Central West Credit Union lender profile

  • Central West Credit Union began life as the Central West County Council Employees Credit Union in 1966. Today this NSW-based credit union boasts a membership of more than 11,000.
  • Membership is open to any Australian. The credit union's head office is located in Parkes NSW and there are branches in Forbes and Cowra.
  • Central West Credit Union also offers its members saving accounts, term deposits, personal and business loans, insurance and financial planning.

How do I apply for a Central West Credit Union mortgage?

If you'd like to apply for a home loan from Central West Credit Union, please contact the lender directly.

Eligibility

Each Central West Credit Union product has specific eligibility criteria but some will apply to all products. For example:

  • 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 West 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:

  • Identification documents. You will need identification such as a driver's license, 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).

Detailed guide to home loan applications and paperwork

Looking for more mortgage options?

What is Finder Score?

The Finder Score crunches 7,000 home loans across 120+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.

To provide a Score, we compare like-for-like loans. So if you're comparing the best home loans for cashback, you can see how each home loan stacks up against other home loans with the same borrower type, rate type and repayment type. We also take into consideration the amount of cashback offered when calculating the Score so you can tell if it's really worth it.

Read the full Finder Score breakdown

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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
  • Property
  • Personal finance
  • Money-saving tips
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