Smart Starter Home Loan Package
QTCU realises buying your very first home is a unique experience and while searching for the perfect home is exciting, finding a home loan to match can be difficult. That's why we're offering a home loan package designed specifically for first home buyers - it's our way of helping you enter the property market.
Available exclusively to members who qualify for the First Home Owner Grant, the Smart Starter Home Loan Package has a low rate variable rate plus a host of additional extras...
Benefits at a glance
| Product | Benefits |
|---|---|
| Smart Starter Home Loan# | Choose from a range of flexible QTCU residential home loans. |
| Repayment Pause | If you are considering starting a family, then enjoy a three month break from your repayments or alternatively enjoy six months at half repayments. |
| Family Support Option |
The Family Support Option allows your family members to use the equity in their home to provide additional security for part of your home loan, helping you to avoid Lender’s Mortgage Insurance and maximise your borrowing power. See how it works How it works
The family support option works like this:
Parent's obligation. The family support guarantee can be limited to an amount nominated by the parents. In the event that Linda and Pete default on their loan, the parents may be liable for the amount of the family support guarantee, not the full amount of the loan. |
| Home and Contents Insurance Cash Back^ | As a first home buyer if you take out your Home and Contents insurance policy with QTCU you’ll receive $250 cash back on your first year’s premium ($100 cash back for contents cover for domestic strata titled properties). View terms and conditions. |
| Smart Starter Car Loan# | For the life of your Smart Starter Home Loan Package you will have access to a feature packed car loan. With flexible terms, the Smart Starter Car Loan is an ideal choice when it comes time to update your car. |
| Smart Starter Overdraft# | Enjoy the option of a low rate VISA overdraft, offering the ultimate freedom. Have your salary deposited direct and enjoy the simplicity of a transaction account and line of credit in one. |
| Financial Planning | Receive a complimentary risk assessment to consider options for your financial protection and security. |
| Home Buying Costs | For a list of FAQ's on the cost of buying your first home click here. |
Who can apply for the Smart Starter Home Loan Package?
The Smart Starter Home Loan Package has been designed specifically for borrowers who are purchasing their very first home. To qualify, borrowers must be eligible to receive the Government’s First Home Owner Grant.
The benefits are yours!
While the challenges you face as a first home buyer won’t last forever, the benefits you receive with your Smart Starter Home Loan Package will. For example, whether you take advantage of the Smart Starter Car Loan after one year or ten, as long as you have the Smart Starter Home Loan Package and meet our criteria at the time, you will have access to all of its benefits.
Why not have us call you back?
Alternatively;
- call us on 13 29 30 between 8.30am-7.00pm Monday to Friday;
- email us at qtcu@qtcu.com.au;
- or click here for a list of our branch locations.
*Before making a decision about your insurance needs, please refer to the Product Disclosure Statement, available from Queensland Teachers’ Credit Union. Issued by CUMIS Insurance Society Inc. ABN 72 000 562 121 AFSL 245491 (Incorporated in the United States. The members of the Society have no liability) trading as CUNA Mutual General Insurance.
#QTCU’s lending policies, conditions, fees and charges apply at the time of application. Full details of the terms and conditions are available on application. Obtain a Product Disclosure Statement (PDS) from QTCU and consider whether the products are appropriate for you. Smart Starter Car Loan and Smart Starter Overdraft are existing QTCU Car loan and Visa Overdraft products. Eligible applicants will be offered QTCU’s lowest published rate at the time of application. Queensland Teachers’ Credit Union, ABN 83 087 651 054, AFSL 241195.
^Risk assessment is conducted by QTCU Financial Planning and members will be eligible to receive the assessment once the Smart Starter Home Loan has been funded. QTCU Financial Planning Pty Ltd ABN 35 116 361 650 is a Corporate Authorised Representative (ASIC No. 293929) of Outlook Financial Solutions Pty Ltd,ABN 40 083 233 925, AFSL 240959, 70 - 76 Yarra Street Heidelberg VIC 3084.