Bankstown City Unity Home Loan Review

Bankstown Unity Bank Home Loan Review

Read Here for Our Bankstown Home Loan Review:

Founded in 1965, Bankstown City Unity Bank was formed as a mutual financial institution for all council workers and their families. Since then, they have expanded to include a diverse community membership based in Sydney.

Bankstown City Unity Bank (BCUB) opened a lending and innovation centre in 2019 in the Canterbury-Bankstown area. It is a cashless branch where customers can explore some of the latest interactive digital devices. It is also where they can find out more about home, personal and commercial loans.

Home Loan Products from BCUB

Bankstown City Unity Bank has a suite of home loan products for both first home buyers and investors alike.

1. First Home Buyers

BCUB has helped thousands of their young members buy their first home. With their First Home Buyers’ 85 per cent loan to value ratio (LVR) home loan offer and low rates, the bank has helped their customers achieve their dream faster, while saving money in the process. First home buyers can choose from the following home loan products:

2. First Rate Home Loan

This is a no-fuss home loan with low-interest rate. It comes with great benefits that allow member borrowers to manage their mortgage. You can choose from fixed and variable rate options.

Key features:

  • 25% variable interest rate per annum
  • Up to 90% LVR
  • Loan period of up to 30 years
  • $953 establishment fee
  • $0 monthly account keeping fees
  • Unlimited redraw facility for variable interest rates
  • No early repayment fees for variable interest rates
  • Flexible repayments at no added cost
  • You can split the loan between variable and fixed interest rates

3. All in One Home Loan

If you want complete flexibility with a suite of additional features, you can consider BCUB’s All in One home loan. It comes with a competitive variable interest rate.

Key features:

  • 41% per annum special variable rate
  • $0 monthly account keeping fees
  • Flexible repayments at no added cost
  • Unlimited redraw facility for variable interest rates
  • 100% interest offset facility
  • No lender mortgage insurance (LMI) on LVR up to 85%
  • No early repayment fees for variable interest rates
  • You can split the loan between variable and fixed interest rates
  • No annual fee on Visa credit card

4. First Rate Special

This is a new tiered-level interest rate option to BCUB’s First Rate home loan. Different rates will apply according to your LVR, and you will receive all the benefits that come with the standard First Rate home loan. This is available for both owner-occupiers and investors.

Key features:

  • 69% per annum variable interest rate for 70% LVR and below
  • This is only available if you are taking out a new home loan, refinancing from competitors or adding a minimum of $150,000 to your existing home loan balance

Home and Investment Loans

If you are a property investor, these home loan products are for you.

1. All in One

This home loan offers complete flexibility with a suite of additional features. It comes with a competitive variable interest rate.

Key features:

  • All in One two-year discount variable rate: 3.54%
  • $0 monthly account keeping fees
  • Flexible repayments at no added cost
  • Unlimited redraw facility for variable interest rates
  • 100% interest offset facility
  • No lender mortgage insurance (LMI) on LVR up to 85%
  • No early repayment fees for variable interest rates
  • No annual fee on Visa credit card

2. All in One Rewards Package

This package comes with a range of discounts and benefits on home loans, everyday banking, credit cards and insurance. You can get all these for just a single annual package fee.

Key features:

  • As low as 4.05% principal and interest (P&I) rate
  • You can get interest rate discounts on new All in One home loans
  • Unlimited Visa, EFTPOS and ATM transactions
  • Cash rebates for insurance
  • 100% interest offset facility, including a Visa debit card
  • Get discounts on car, personal and consolidation loans

3. First Rate Home Loan

This is a no-fuss home loan with low-interest rate. It comes with great benefits that allow member borrowers to manage their mortgage.

Key features:

  • 33% variable interest rate per annum
  • Up to 90% LVR
  • Loan period of up to 30 years
  • $953 establishment fee
  • $0 monthly account keeping fees
  • Unlimited redraw facility for variable interest rates
  • No early repayment fees for variable interest rates
  • Flexible repayments at no added cost

4. Fixed Rate

With Fixed Rate home loan, you don’t have to worry about interest rates going up for a set period of time. This is available for both owner-occupiers and investors.

Key features:

  • As low as 1.99% per annum owner-occupied fixed rate
  • 69% fixed P&I rate for one year
  • No monthly service or account keeping fees
  • Free flexible repayment options (conditions apply)
  • First home buyers can enjoy no LMI on LVR up to 85%

Let Us Help You Find the Best Home Loan

Makes Cents has a database of over 25 lenders and growing to help you find the best home loan products within minutes. All you need to do is provide basic information such as postcode. Get started with comparing today!

Our Bankstown City Unity Home Loan Review is just one of many. You can also read reviews on many more Home Loan Reviews at MakesCents.



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