If you are looking for a home loan, look no further than Karpaty Credit Union. We have excellent interest rates, low fees, as well as offering personal service which allows you to get the best possible home loan for your situation.

To view our current home loan interest rates, click here to download our Comparison Rate Schedule.

To apply for a Home Loan with Karpaty Credit Union, please click here to download a Loan Application form.

To view our Product Disclosure Statement, please click here.

Heavenly Home Loans

Four reasons why this loan is made in heaven.

• No Account Keeping fees
• Interest rate fixed for 12 months
• Lower interest for the next two years
• Free redraw

If you are looking for the lowest interest rate mortgage then look no further then the Heavenly Home Loan.

With this loan, the interest rate is fixed for 12 months from the funding date. In the second year, the interest rate will only go up if the Reserve Bank of Australia puts up the rate in that year. In the third year we guarantee that the interest rate will stay 0.25% below our standard variable rate.

Reverse Mortgages

This is a loan especially catered for members over the age of 60, who own their home and who would like to have some extra money to improve their lifestyle in retirement.

If you are “asset rich but cash poor’ releasing some of the equity you´ve built up in your home can be a sensible way to access the money you need.

The specific amount you can borrow depends on your age and the value of your home.

The money you release can be used for any purpose you like including home renovations, upgrading the family car, or going on that much needed holiday.

You can receive money in a lump sum, monthly payments or both. With no repayments needed to be made during you or your spouse´s lifetime or until the home is sold*, you can improve your lifestyle without having to worry about making regular repayments.

Want to know more?
Getting more information is easy: Contact our friendly staff at Karpaty Credit Union.

*Terms and conditions apply and are available on application .

Benefits

When you obtain any type of loan with Karpaty Credit Union, you will gain access to all these benefits...

• Highly competitive interest rates.

• A free redraw facility.

• Flexible repayment options.

• No account keeping fees.

• No penalty of early repayment of your loan—Lump sum payments are acceptable.

• Free and unbiased no obligation advice.

• Consumer Credit Insurance for your peace of mind.

• Fully accredited staff, who can help you find the best loan option for your circumstances.

Karpaty Credit Union Home Loan Packages.

PROFESSIONAL HOME LOAN PACKAGE

• Variable Interest Rate


• Line of Credit up to $100,000


• Unlimited ATM, EFTPOS & Member Chequing


• Telephone & Internet Banking


• BPAY


• 100% Mortgage Offset Capability


• Mastercard facility up to 55 days interest free


• No penalty for early or additional payments


• Direct salary crediting


• One annual account keeping fee.

MORTGAGE BUSTER

The Mortgage Buster is a unique savings account that offsets a percentage of the member's savings balance against their home loan before the home loan interest is calculated. This reduces the amount of interest the member pays and can shorten the term of the member's home loan by many years. The Credit Union does not pay interest on the savings balance held by the member.

HOME IMPROVEMENTS

A loan for Home Improvements shall be considered to be such where the purpose of the loan is to improve the current value of the Owner Occupier's Principle Place of Residence by way of adding to, renovating, the look of the residence. This may, inter alia, include such improvements as: painting, adding concrete paths, building verandahs or pools, re-tiling roofs or roof painting etc.

INTEREST ONLY

An Interest Only loan shall be such where a loan is provided to a member at a rate of interest, whereby the repayments shall constitute the value of interest only for the applicable period.

COMMERCIAL/BUSINESS LOANS

A Commercial/Business Loan is a loan offered to members for the purpose purchasing a or enhancing an existing business or non-residential property.

The income from which the loan repayments are to be made emanate from the business/commercial enterprise.

HOME EQUITY

A Home Equity loan is a loan made available to members of the Credit Union whereby they are able to utilise the available equity in the ‘home’ for the purpose of borrowing against that equity for any purpose which is not directly related to any improvement of the home.

Apply For a Home Loan Now!

Do you also want the piece of mind of home and contents insurance? Karpaty Credit Union can also organise Home Insurance for you. Please call the Loans Hotline or visit your nearest branch in person to get a quote.

* Credit provider is Karpaty Ukrainian Credit Union Limited ABN 75 087 650 208. Comparison rate for Home Loans are based on the designated amount of $30,000 (secured) for a term of 5 years. Our comparison rate schedules are available at our branches and on our website www.karpaty.com.au.
WARNING: This comparison rate applies only to the example or example rates 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 waivers, are not included in the comparison rate but may influence the cost of the loan. Terms and conditions, Fees and Charges apply and are available upon application.