Loans / Home Loans / Key Features - RTA Staff Credit Union

We have listed the key features of each of our home loan products in the table below so that you can easily compare each product and ensure that you choose the right loan for you.

Look through the list of key features below or view the benefits of our home loans.

Key Features	Basic Variable Home Loan	Variable Rate Home Loan
Interest rate
Minimum amount	$100,000	$30,000
Maximum amount	80% of the property value, 95% of the propert value with Mortgage Insurance, 70% land only	80% of the property value; 95% of the property value with Mortgage Insurance; 70% land only
Loan period	Up to 30 years	Up to 30 years
Repayments	Monthly / Fortnightly / Weekly	Monthly / Fortnightly / Weekly
Interest charges	Calculated daily, Charged monthly	Calculated daily, Charged monthly
Loan set up costs (Valuation & Solicitor)	Approx $390	Approx $390
Variable and lump sum repayments	Yes	Yes
Early repayment	No Penalty	No Penalty
Redraw facility	Yes, (free redraw, minimum amount $1000)	Yes, (free redraw, minimum amount $100)
Top up facility available	Yes	Yes
Top up fee	$350	$350
Loan repayment insurance available	Yes	Yes
Auto repayments (salary/account)	Yes	Yes
Loan interview required	No	No

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Any advice or information on this site does not take into account your personal objectives, financial situation or needs and you should consider whether it is appropriate for you. Please review our Conditions of Use and Financial Services Guide before acquiring the product.
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