HSU Members Credit Union

Save interest by putting your pay directly into an HSU Home Loan.

HSU Mortgage Breaker Home Loan

9.14%pa*/9.16%pa**

By making your loan repayments and putting a little extra aside into a Mortage Breaker account you could make considerable savings.

The best way to reduce your interest is to split your pay. You make your home loan repayments and then have the remainder of your pay go directly into an Offset Savings account. By doing this you are reducing the daily interest calculated on your loan.

The HSU Mortgage Breaker Home Loan interest is calculated on the remaining loan amount minus the balance in the Offset Savings account.

For example, if you borrowed $200,000 and had a balance of $3000 in the Offset Savings account then the interest for the loan would be calculated on $200,000 - $3,000 = $197,000. Remember, the interest is calculated daily, so keeping the highest balance you can in the account will save you the most money.

You also have full access to the money in this account, with the added benefits of a linked VISA card and cheque book.

Features:
• HSU Members VISA Card
• Cheque Book
• No Application Fee
• No Transaction Fees
• Automatic Payroll Deductions

Benefits:
• Reduce interest paid by maintaining a balance in the S50 account.
• Redraw facility.

Special Conditions:
• Minimum loan is $20,000
• Term of Loan 25 years only
• Repayments based on above term
• Home Loan can be topped up to an approved limit at any time

Call HSU Direct on 1300 304 932 for more information.

HSU Members Credit Union is a division of SGE Credit Union Limited. ABN 72 087 650 637. All products are issued by SGE Credit Union. 230 Clarence Street, Sydney NSW 2000. AFSL No. 238311 *Terms and conditions, fees and charges apply which are available on application, refer to Fees & Charges brochure. Rates current at time of printing. ** Comparison rate of 8.97%pa based on a $200,000 loan over 25 years. Based on monthly repayments, loan secured by mortgage. 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.