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Illawarra Credit Union

Illawarra Credit Union home loans

Illawarra Credit Union has been serving the Illawarra region since 1972. It is community focused and aims to help members map and achieve their financial strategy. Customers of Illawarra Credit Union must also become a member of the union and therefore have a say in how it is run. One of the main points of difference here is that Illawarra’s profits are reinvested into the business, unlike the major banks where the profits go to the shareholders.

Illawarra offers a full range of financial products and services, including:

  • Home loans.
  • Personal loans.
  • Savings accounts.
  • Everyday transaction accounts.
  • Term deposits.
  • Business banking solutions.

Illawarra Credit Union Home Loan Calculator  
Interested in a Illawarra home loan? RateCity has a suite of calculators that can show you what your repayments would be and how Illawarra compares to its competitors. Simply plug in your borrowing amount below.

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Content updated23 Aug, 2022
Product data updated

Important disclosure

Why choose Illawarra Credit Union

Benefits

  • Competitive rates, especially for larger variable loans.
  • Flexible fixed and variable loan features.
  • No annual fees on fixed or variable loans.
  • Additional repayments allowed.

Drawbacks

  • Limited home loan products from which to choose.
  • Limited branch access.

Illawarra Credit Union Home Loans

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Australian Credit Licence 245576Fees & charges apply

6.75%

7.18%

$2,418

The Works Package (Principal and Interest)
  • Owner Occupied
  • Variable
  • 5% min deposit
  • P&I

Australian Credit Licence 245576Fees & charges apply

Australian Credit Licence 245576Fees & charges apply

6.84%

6.94%

$2,438

Bare Essentials (Principal and Interest)
  • Owner Occupied
  • Variable
  • 5% min deposit
  • P&I

Australian Credit Licence 245576Fees & charges apply

Australian Credit Licence 245576Fees & charges apply

5.89%

6.66%

$2,232

Bare Essentials (Principal and Interest)
  • Owner Occupied
  • Fixed undefined year
  • 5% min deposit
  • P&I

Australian Credit Licence 245576Fees & charges apply

Australian Credit Licence 245576Fees & charges apply

5.89%

6.75%

$2,232

Bare Essentials (Principal and Interest)
  • Owner Occupied
  • Fixed undefined year
  • 5% min deposit
  • P&I

Australian Credit Licence 245576Fees & charges apply

Australian Credit Licence 245576Fees & charges apply

6.70%

6.80%

$2,407

Bare Essentials First Home Owners
  • Owner Occupied
  • Variable
  • 5% min deposit
  • P&I

Australian Credit Licence 245576Fees & charges apply

Home Loans calculator

Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios.

$
130
25 years

Your estimated mortgage repayments

at interest rate 5.79%

Total interest payable

$0

Total loan repayments

$0

Illawarra Credit Union customer service

Illawarra Credit Union has a limited branch network in the NSW Illawarra region, south of Sydney. You can call the credit union from Monday to Friday, as well as Saturday, or email them directly. You also have the option of online banking to have 24/7 access to your money.

  • Customer service centre (phone)
  • Online banking
  • Email
  • NSW branches
  • Mobile lenders

How to Apply

Illawarra Credit Union allows you to apply online for a home loan or you can request that a mobile banker contact you, or you can visit a branch. But first, you must become a member, which is easy. You’ll need to provide a member share contribution of $2 so you can become a shareholder of the credit union. You’ll need to be an Australian citizen or a permanent resident to apply online. Documents you will need include:

  • Personal identification material.
  • Proof of income – whether you are self-employed or work for an employer.
  • Proof of other income, including rental income.
  • Information regarding your current debts, liabilities and assets.

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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.