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60 month $5k+ |
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Loan Interest Rates
Loan interest is calculated daily by multiplying the unpaid balance of the account at the end of the day by the daily percentage rate. The daily percentage rate is the Annual Percentage Rate divided by 365. Interest is charged monthly and on the day you pay the balance of the loan. All rates quoted are Annual Percentage Rates. Fees and charges are payable. Terms and conditions available on request. Rates are subject to change without notice.
Loan rates effective 10 May 2010 (for new and existing borrowings)
HOME LOANS Owner Occupied |
Interest Rate |
Comparison Rate |
| The Classic Home Loan (1-year introductory fixed) - rate applies for first 12 months - redraw facility available |
6.90% pa* | 7.40% pa** |
| The Basic Home Loan (base variable) - Basic Home Loan features a low variable interest rate |
6.90% pa | 7.04% pa** |
| Standard Variable Home Loan Rate - redraw facility available |
7.30% pa | 7.44% pa** |
| Three Year Fixed Rate | 7.75% pa* | 7.57% pa** |
| Five Year Fixed Rate | 8.05% pa* | 7.78% pa** |
| HomePlus (continuing credit) Roll all your account into one with HomePlus. HomePlus is a flexible equity loan that can also act as your main transaction account, savings account, investment loan and more. |
7.75% pa | N/A |
| * Reverts to Standard Variable Home Loan interest rate (owner occupied) currently: | 7.30% pa | 7.44% pa** |
HOME LOANS Investment Purposes |
Interest Rate |
Comparison Rate |
| Standard Variable Investment Rate | 7.80% pa | 7.94% pa** |
| Three Year Fixed Investment Rate | 8.25% pa* | 8.08% pa** |
| Five Year Fixed Investment Rate | 8.55% pa* | 8.29% pa** |
| * Reverts to Standard Variable Home Loan interest rate (investment purposes) currently: | 7.80% pa | 7.94% pa** |
** Comparison rate calculated on a loan amount of $150,000 over a term of 25 years based on monthly repayments. View the comparison schedule for more comparison rates.
WARNING: This comparison rate applies only to the example or 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. A comparison rate schedule is available at any SERVICE ONE Branch.
CAR LOANS, PERSONAL LOANS, OVERDRAFTS AND VISA CARDS |
Interest Rate |
Comparison Rate |
| Fixed Rate Car Loan - Secured - for new cars or cars less than 3 years old - fixed for the term of the loan |
9.15% pa | 9.74% pa* |
| Variable Rate Car Loan - Secured - for the purchase of, and secured by a new car only |
11.15% pa | 11.74% pa* |
*Comparison rate calculated on a secured loan amount of $30,000 over a term of 5 years based on monthly repayments. View the comparison schedule for more comparison rates.
| Personal Loans - Secured or Unsecured | Interest Rate | Comparison Rate |
| - minimum borrowing for this interest rate is $5,000 | 13.75% pa | 14.33% pa** |
| - interest rate will be subject to application | 14.25% pa | 14.83% pa** |
| 15.70% pa | 16.28% pa** |
| Student Loans# - Secured or Unsecured | Interest Rate | Comparison Rate |
| - minimum borrowing amount is $2,000. | 12.75% pa | 12.75% pa** |
| - interest rate will be subject to application. | 13.75% pa | 13.75% pa** |
| # Subject to eligibility criteria. | 15.40% pa | 15.40% pa** |
**Comparison rate calculated on a secured loan amount of $30,000 over a term of 5 years based on monthly repayments. View the comparison schedule for more comparison rates.
| Interest Rate | Comparison Rate | |
| Overdrafts - attached to Day to Day Account |
16.50% pa | N/A |
| Visa Card | 15.25% pa | N/A |
| Student Visa Card | 15.00% pa | N/A |
| Visa Card for Members who have home loans with SERVICE ONE * Interest rate linked to Standard Variable Home Loan rate (owner occupied). |
7.30% pa* | N/A |
SERVICE ONE's banking package options allow Members to enjoy numerous benefits, including discounts on home loan interest rates (up to 0.70% off - conditions apply), waiving of application fees, bonus interest for investments and more.
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