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  1. Home
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  4. Illawarra Cu Nsw
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 updated
Product data updated22 Oct, 2023

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

Loan amount

$

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We provide links to some financial institutions. If you click through to a financial institution, you can get more product information, apply for or purchase the product and RateCity may earn a fee for referring you. This is one of the ways RateCity makes money and how we can offer our comparison service to you for free. See how we make money for more.

Compare
Company
Product
The Works Package (Principal and Interest)
Real Time Rating™
Features
Owner Occupied
5% min deposit
P&I
Offset Account
Australian Credit Licence 245576
Interest Rate
Comparison Rate*
Repayment

6.50%

p.a

Variable

6.94%

p.a

$2,363

monthly

Go to site
Australian Credit Licence 245576
Compare
Company
Product
Bare Essentials (Principal and Interest)
Real Time Rating™
Features
Owner Occupied
5% min deposit
P&I
Extra repayments
Australian Credit Licence 245576
Interest Rate
Comparison Rate*
Repayment

6.59%

p.a

Variable

6.69%

p.a

$2,383

monthly

Go to site
Australian Credit Licence 245576
Compare
Company
Product
Bare Essentials (Principal and Interest)
Real Time Rating™
Features
Owner Occupied
5% min deposit
P&I
Extra repayments
Australian Credit Licence 245576
Interest Rate
Comparison Rate*
Repayment

5.89%

p.a

Fixed - 3 years

6.49%

p.a

$2,232

monthly

Go to site
Australian Credit Licence 245576
Compare
Company
Product
Bare Essentials (Principal and Interest)
Real Time Rating™
Features
Owner Occupied
5% min deposit
P&I
Extra repayments
Australian Credit Licence 245576
Interest Rate
Comparison Rate*
Repayment

5.89%

p.a

Fixed - 2 years

6.55%

p.a

$2,232

monthly

Go to site
Australian Credit Licence 245576
Compare
Company
Product
Bare Essentials First Home Owners
Real Time Rating™
Features
Owner Occupied
5% min deposit
P&I
Extra repayments
Australian Credit Licence 245576
Interest Rate
Comparison Rate*
Repayment

6.45%

p.a

Variable

6.55%

p.a

$2,352

monthly

Go to site
Australian Credit Licence 245576

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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