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First Home Buyer

Download our First Home Buyers GuideMake an EnquiryBook an Appointment

Get a head start with your first home loan1

  • No establishment fee (save $600)
  • Choose any eligible loan product including a fixed Introductory Home Loan, a Dream Value variable rate loan or a fixed loan for 1 to 5 years#
  • Credit card approved with a $2,000 limit and reduced interest rate for life of the loan**
  • Assistance with the First Home Owner Grant forms
  • Save on transaction fees on your everyday account for the life of your loan 1

  First Home Buyer Loan Product Features:
First Home Buyer
Interest Rates
Interest ChargesCalculated daily, charged monthly
Transaction Fees - Life of LoanNo2
Establishment fee$0 
Suitable for First Home Buyers, Home Owners InvestorsFirst Home Buyer Only
Additional repayments acceptedYes 3
Loan TypeFirst Home Buyer Package
Repayment frequencyFlexible Weekly, Fortnightly, Monthly
Loan repayment insuranceYes 
Free Redraw FacilityYes Min. $500
Minimum loan amount$20,000 
Maximum term (years)30 
Smart Offset Account AvailableOnly on variable portion of loan4
Split Loan Rate Options ( Fixed Variable)Yes


  Additional Product Information:



Important Information:

Credit criteria and fees and charges apply. Terms and Conditions are available on application. The issuer of this product is Northern Inland Credit Union Limited. The target market determination for this product is available at
#Fixed rates available for 1to 5 years then reverts to standard variable rate.

*Lenders Mortgage Insurance approval required for borrowings over 80%

**Home Loan Rewards Classic Credit Card discounted rate applies for the life of the Home Loan

1 Eligibility and credit criteria applies. Terms and conditions available on application. For personal Memberships only. For owner-occupied residentially secured, first home borrowers only. The home loan account must not be in arrears or in default of the terms and conditions of the loan.

2 Home Loan Rewards applies only to access methods listed in the ‘Rebated Transactions & Services’ section of the PFS Fees & Charges and Member Loyalty Program as amended from time to time. All other fees and charges are not rebated and will be payable by the Member

3 Make extra repayments totaling up to $10,000 over 12 months (as 2 x $5,000 lump sums) during any fixed rate period

4 Eligible variable and fixed rate Home Loans only. Northern Inland reserves the right to withdraw, extend or vary this offer.