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 5 March 2010 (for new borrowings) and 9 March 2010 (for existing borrowings)

MORTGAGE LOANS (Owner Occupied and Investment Purposes)	Interest Rate	Comparison Rate
The Classic Home Loan	6.40% pa	6.90% pa**
- Rate applies for first 12 months before reverting to our Standard Variable interest rate currently - - Redraw facility available.	6.80% pa	6.94% pa**
The Basic Home Loan - Basic Home Loan features a low variable interest rate.	6.10% pa	6.24% pa**
Standard Variable/Investment Home Loan Rate - Redraw facility available	6.80% pa	6.94% pa**
Three Year Fixed Rate	7.60% pa*	7.17% pa**
Five Year Fixed Rate	7.90% pa*	7.44% pa**
HomePlus - 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.	7.50% pa	N/A
*Reverts to Standard Variable interest rate currently -	6.80% pa	6.94% 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 Credit Union branch.

CAR LOANS, PERSONAL LOANS, OVERDRAFTS & CREDIT 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	8.90% pa	9.49% pa*
Variable Rate Car Loan - Secured - For the purchase of, and secured by a new car only.	10.90% pa	11.49% 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.	13.50% pa	14.08% pa**
- Interest rate will be subject to application.	14.00% pa	14.58% pa**
	15.45% pa	16.03% pa**

Student Loans^#- Secured or Unsecured	Interest Rate	Comparison Rate
- Minimum borrowing amount is $2,000.	12.50% pa	12.50% pa**
- Interest rate will be subject to application.	13.50% pa	13.50% pa**
^{# Subject to eligibility criteria.}	15.15% pa	15.15% 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	16.25% pa	N/A
Visa Credit Card	15.00% pa	N/A
Student Visa Credit Card	14.75% pa	N/A
Visa Credit Card for Members who have mortgage loans with SERVICE ONE Members Banking * Interest rate linked to Standard Variable Home Loan rate.	6.80% pa*	N/A

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