This comparison rate is based on a $150,000 loan over 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Additional repayments up to $10,000 without penalty in any twelve (12) month period. Applicable to fixed rate loans only.
At conclusion of the fixed rate period, the loan converts to the Premium Choice Home Loan Variable Rate applicable to the loan amount at funding.
https://www.capricornian.com.au/app/uploads/2022/04/Schedule…
No monthly/annual fee.
$600 Mortgage Application Fee (Includes one valuation up to the cost of $300 - Excludes additional valuation costs and solicitor’s costs to prepare mortgage documents and settlement fees.)
Legal Fees - Unknown
Settlement Fees - Unknown
$150 Mortgage Discharge Fee
DYOR on Comparison Rate / Fees and charges ;
Consider pros/cons of fixing towards possible end of rate hiking cycle stage if you believe so.
Background
We’re a credit union. This means our profits are reinvested into creating better financial products and services for our members. Unlike a bank, our profits are not sent to external shareholders, but instead are reinvested back into your community.
We’ve been supporting people living in this region for over 60 years. Community owned since 1959.
The Capricornian has evolved from a small parish credit union established in a suburb of Rockhampton in 1959 into a full service financial institution with eight branches covering Central Queensland.
Our roots stem from a group of committed residents in Park Avenue, Rockhampton who worked to establish a financial society that would benefit the people in the local area. Strong emphasis was placed on the basic principle of co-operation which is the hallmark of Credit Unions. By saving together and pooling funds, they could lend back to one another at interest rates all could afford.
This led to the establishment of the Park Avenue Parish Credit Co-operative Society Ltd which grew and changed its name to Park Avenue Community Credit Union Ltd in 1969. A strong loyal membership base was established and the Credit Union grew to operate from a humble premises and to employ one full time staff member.
In 1979 we opened membership up to all people in Central Queensland, and not just Park Avenue residents. This led to significant growth and in 1981 amalgamated with North Rockhampton Credit Union Ltd and changed our name to Capricornia Credit Union Ltd.
The following years saw steady growth and the introduction of several new products and services inline with technological advances such as the roll out of ATMs, Online Banking, quick deposit facilities, insurance, bonds, investment shares and a financial planning service.
Reflecting this growth, in 2009 we changed our name to The Capricornian Ltd to help engage people who do not fully understand the full services of a credit union.
AFSL/Australian Credit Licence 246780 | BSB 813 049
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