Loan Interest Rates

Woolworths Employees’ Credit Union Limited – Loan Interest Rates

All rates are effective 1 May 2017 and are subject to change at any time.
 

Personal Lending – Variable Rates Interest Rate Comparison Rate
New Car Loans 8.64% p.a. 8.78%* p.a.
Used Car Loans (cars 1 to 18 months old) 9.64% p.a. 9.78%* p.a.
Used Car Loans (cars 19 to 60 months old) 11.64% p.a. 11.79%* p.a.
Personal Loans written prior to 1st February 2013 13.85% p.a. 14.55%** p.a.
Personal Loans written after 1st February 2013 14.35%** p.a. 15.05%** p.a.
Line of Credit 13.85% p.a. n/a
Visa Credit 13.45% p.a. n/a
Visa Low Rate Credit Card 9.45% p.a. n/a

Housing Finance – Owner Occupied and Residential Investment

Interest Rate Comparison Rate **
Variable Interest Rates
Standard Variable – Owner Occupied 4.76% 4.81%~
Current promotional – Owner Occupied 4.26% 4.31%~
Standard Variable – Owner Occupied – $300 annual package 4.16% 4.50%~
Standard Variable – Residential Investment 4.96% 5.01%~
Current promotional – Residential Investment 4.46% 4.51% ~
Current promotional – Residential Investment – $300 annual package 4.36% 4.70%~
Bridging Finance 5.46% 5.51% ~
Fixed Interest Rates
Owner Occupied- 1 year fixed term 4.84% 4.88% ~
Owner Occupied- 2 year fixed term 4.74% 4.86%~
Owner Occupied- 3 year fixed term 4.84% 4.88% ~
Residential Investment- 1 year fixed term 5.04% 5.08% ~
Residential Investment- 2 year fixed term 4.94% 5.06% ~
Residential Investment- 3 year fixed term 5.04% 5.08% ~

At the end of the Fixed Rate Period, the current WECU Variable Interest Rate applies. Fixed Interest Rates are indicative only and subject to change prior to settlement.

WARNING: This Comparison Rate is true only for the examples given and may not include all fees and charges. Different
terms, fees or other loan amounts might result in different Comparison Rates.

* The Comparison Rate for the New Car Loans is based on the designated amount of $30,000 (secured) for a term of 5 years.
* The Comparison Rate for the Used Car Loans is based on the designated amount of $30,000 (secured) for a term of 5 years.
** The Comparison Rate for Personal Loans is based on the designated amount of $10,000 (unsecured) for a term of 3 years.
~ The Comparison Rate for Housing Loans is based on the designated amount of $150,000 (secured) for a term of 25 years.

Please note that all interest rates quoted are per annum and they are calculated daily on the outstanding balance and debited to the loan account at the end of each month. Woolworths Employees’ Credit Union lending criteria applies to all loan types detailed in this leaflet. Terms and Conditions, Fees and Charges apply and are available on request.

Questions?

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