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Loan Rates

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Home Loans - owner occupied

Loan Type Interest Rate Comparison Rate**
Introductory Home Loan - Discounted 3yr Variable Rate2 3.89% pa 5.15% pa
Dream Value Home Loan Package -$300k and above#
principal & interest repayments; LVR <80%
3.94% pa 4.29% pa
Dream Value Home Loan Package -$300k and above#
principal & interest repayments; LVR >80% and <90%
4.19% pa 4.53% pa
Dream Value Home Loan Package -$300k and above#
interest only repayments; LVR <80%
4.09% pa 4.43% pa
Dream Value Home Loan Package -$300k and above#
interest only repayments; LVR >80% and <90%
4.19% pa 4.53% pa
Smart Home Loan - 1 Year Fixed rate1 4.19% pa 5.44% pa
Smart Home Loan - 2 Year Fixed rate1 4.29% pa 5.35% pa
Smart Home Loan - 3 Year Fixed rate1 4.69% pa 5.36% pa
Home Loan Value Package - Tier 1* Variable Rate 4.93% pa 5.26% pa
Home Loan Value Package - Tier 2* Variable Rate 4.78% pa 5.11% pa
Home Loan Value Package - Tier 3* Variable Rate 4.63% pa 4.96% pa
Home Loan Value Package - Tier 4* Variable Rate 4.48% pa 4.82% pa
Basic Home Loan - Discounted Variable Rate 4.63% pa 4.78% pa
Smart Home Loan - Variable Rate 5.43% pa 5.56% pa
  Terms & Conditions

1 The 1 to 3 year fixed loan comparison rate calculated under the assumption at the end of the fixed rate period, the balance of the term will convert to the current variable rate.
2 The Introductory Smart Home Loan is discounted by 1.54% for the first 3 years of the new mortgage, then reverts to the Standard Variable Mortgage Loan and rate. Loan can not to be rolled over to Dream Value or Home Loan Value Packages. Loan total can be split between variable and fixed with a maximum of one quarter of the total loan amount able to be fixed only for a period of 1 to 3 years. For new business only.

*HLVP rates are generally determined by combined loan balances at the first time your borrow or as follows: (Please be advised these Tiers are not available for amounts less than $250,000)

Tier 1 - Combined loan balances $250,000 and over - 0.50% discount off standard variable rate

Tier 2 - Combined loan balances $350,000 and over - 0.65% discount off standard variable rate

Tier 3 - Combined loan balances $500,000 and over  - 0.80% discount off standard variable rate

Tier 4 - Combined loan balances $750,000 and over - 0.95% discount off standard variable rate

# Dream Value Home Loan Package is for new and refinanced personal mortgages only of $300,000 and above. The discount applies to the standard variable Smart Home Loan Interest Rate on owner-occupied loans. Loan to Value ratios are calculated based on type and location of eligible security property. Mortgages with a Loan to Value ratio of 80% or below and repay principal & interest, are eligible for a discount of 139 basis points. Mortgages with a Loan to Value ratio of 80% or below and repay interest only, are eligible for a discount of 124 basis points. Mortgages with a Loan to Value ratio of between 80 and 90% are eligible for a discount of 114 basis points.

** Comparison Rate calculated on a loan amount of $150,000 for a term of 25 years based on monthly repayments. Northern Inland does not necessarily provide credit for the amount and term specified above

Please be aware that NICU does not generally provide a Mortgage loan for a term exceeding 30 years

Investment Loans

Loan Type Interest Rate Comparison Rate**
Introductory Home Loan - Discounted 3yr Variable Rate2 4.49% pa 5.59% pa
Dream Value Home Loan Package -Discounted Variable Rate#
principal & interest repayments; LVR <80%
4.54% pa 4.88% pa
Dream Value Home Loan Package -Discounted Variable Rate#
principal & interest repayments; LVR >80% and <90%
4.79% pa 5.12% pa
Dream Value Home Loan Package -Discounted Variable Rate#
interest only repayments; LVR <80%
4.69% pa 5.02% pa
Dream Value Home Loan Package -Discounted Variable Rate#
interest only repayments; LVR >80% and <90%
4.79% pa 5.12% pa
Smart Home Loan - 1 Year Fixed rate1 4.79% pa 5.86% pa
Smart Home Loan - 2 Year Fixed rate1 4.69% pa 5.74% pa
Smart Home Loan - 3 Year Fixed rate1 4.89% pa 5.70% pa
Home Loan Value Package - Tier 1* Variable Rate 5.33% pa 5.65% pa
Home Loan Value Package - Tier 2* Variable Rate 5.18% pa 5.50% pa
Home Loan Value Package - Tier 3* Variable Rate 5.03% pa 5.36% pa
Home Loan Value Package - Tier 4* Variable Rate 4.88% pa 5.21% pa
Basic Home Loan - Discounted Variable Rate 5.03% pa 5.18% pa
Smart Home Loan - Investment Variable Rate 5.83% pa 5.96% pa
  Terms & Conditions

1 The 1 to 3 year fixed loan comparison rate calculated under the assumption at the end of the fixed rate period, the balance of the term will convert to the current investment variable rate.
2 The Introductory Smart Home Loan is discounted by 1.54% for the first 3 years of the new mortgage, then reverts to the Standard Variable Investment Mortgage Loan and rate. Loan can not to be rolled over to Dream Value or Home Loan Value Packages. Loan total can be split between variable and fixed with a maximum of one quarter of the total loan amount able to be fixed only for a period of 1 to 3 years. For new business only.

*HLVP rates are generally determined by combined loan balances at the first time your borrow or as follows: (Please be advised these Tiers are not available for amounts less than $250,000)

Tier 1 - Combined loan balances $250,000 and over - 0.50% discount off standard investment variable rate

Tier 2 - Combined loan balances $350,000 and over - 0.65% discount off standard investment variable rate

Tier 3 - Combined loan balances $500,000 and over  - 0.80% discount off standard investment variable rate

Tier 4 - Combined loan balances $750,000 and over - 0.95% discount off standard investment variable rate

# Dream Value Home Loan Package is for new and refinanced personal investment mortgages only of $300,000 and above. The discount applies to the standard variable Smart Investment Home Loan Interest Rate. Loan to Value ratios are calculated based on type and location of eligible security property. Mortgages with a Loan to Value ratio of 80% or below and repay principal & interest, are eligible for a discount of 129 basis points. Mortgages with a Loan to Value ratio of 80% or below and repay interest only, are eligible for a discount of 114 basis points. Mortgages with a Loan to Value ratio of between 80 and 90% are eligible for a discount of 104 basis points.

** Comparison Rate calculated on a loan amount of $150,000 for a term of 25 years based on monthly repayments. Northern Inland does not necessarily provide credit for the amount and term specified above

Please be aware that NICU does not generally provide a Mortgage loan for a term exceeding 30 years

Personal / Car Loans

Loan Type Variable Rate Fixed Rate Comparison Rate
Smart Personal Loan (Secured by vehicle 0-5 yrs or a Term Deposit) - - 7.99% pa 8.84% pa
Smart Personal Loan (Secured by vehicle 0-5 yrs or a Term Deposit) 6.79% pa - - 7.64% pa
Smart Personal Loan (Secured by vehicle 6-10 yrs) 8.99% pa - - 9.83% pa
Smart Personal Loan (Secured by vehicle 6-10 yrs)   9.99% pa 10.83% pa
Smart Personal Loan (Unsecured) 14.00% pa 14.00% pa 14.82% pa

**  These rates apply to loans with 5 year terms for $30,000. 

Credit Card

Loan Type   Interest Rate
Honeymoon Rate Visa Classic Credit Card (special rate for first 6 months then reverts to standard)1 Amount and eligibility on Application 8.99% pa
Home Loan Rewards Visa Classic Credit Card discounted interest rate for the life of your home loan Amount and eligibility on Application 10.74% pa
Visa Classic Credit Card – standard variable rate Amount and eligibility on Application 14.00% pa
Low Rate Visa Credit Card2 Amount and eligibility on Application 8.99% pa

1 Honeymoon rate not available for HomeLoan Rewards Visa Credit card holders. 2 Low Rate Credit Card interest calculated daily from date of transactions on all purchases and cash advances.

Business

Loan Type   Comparison Rate
Commercial Loans (secured and unsecured) Amount and rate on application On application
Secured Commercial Overdraft Amount and rate on application On application

Other

Loan Type   Overdraft Interest Rate
Easy Access Line of Credit (S50) -secured by a term deposit of equal value or mortgage Amount and rate on application  On application

Comparison Interest Rate 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.

Lending criteria, conditions and fees apply. For full details, refer to our Loans page, contact us on 1300 65 65 81, or visit one of our branches.

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