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Get ahead on your home loan with record low interest rates

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Locals encouraged to beat the banks and switch to get ahead on their home loan with record low interest rates

27 October 2021

As part of the Financial Fitness Community Challenge, Orange Credit Union is encouraging locals to review their home loan and consider refinancing your loan to us for a better deal with record low interest rates available right now. 

CEO, Andrew de Graaff said one of the most common financial goals across our community is to own their home sooner so Orange Credit Union has introduced a new home loan to give locals a head start.  

 

“Applying for a home loan and sticking to it for the entire 30 year loan term is no longer a reality, especially in this current climate of record low interest rates. Many people are seeking to refinance or switch to a better deal which could save thousands,” Mr de Graaff said. 

 

“Personal circumstances and external factors driving the market can change from time to time so it’s important to regularly review your situation and look for ways you can save money and beat the banks. Now is the time to shop around for competitive rates while the market is still at all-time lows.”

 

To help customers and the community seeking to get off the rental treadmill, climb the property ladder and simply get ahead on their mortgage, Orange Credit Union has introduced a new Introductory Essential Home Loan at just 1.58% pa 2 Year variable and 2.72% pa comparison rate* for all new lending with a minimum borrowing amount of $350,000, with no monthly, annual fees and the ability to make extra repayments with no penalties. 

 

Mr de Graaff said: “Our record low Introductory Essential Home Loan is one of the lowest on the market right now available for self-employed professionals, those constructing a home or purchasing land, new home buyers and investors. This is a basic variable home loan with no unwanted frills such as, redraw and mortgage offset with a great low rate to reward savvy savers. Those who are committed to reducing their mortgage can make extra repayments with no penalty fees and no monthly or annual fees.”

 

“Orange Credit Union offers a range of competitively priced home loans available to both home owners and investors with a minimum deposit of 5 per cent across all home loans. It’s your new home so we believe you should have the same low rates whether you choose to live in it or not.”

 

“For almost 60 years, Orange Credit Union has been helping people help themselves and each other. We understand that buying a home and applying for a home loan can be a daunting experience. 

 

“Our local lending specialists take the time to explain the process and are by your side to guide you through to home loan approval with faster turnaround on decisions as our team based right here with you in the region,” Mr de Graaff continued.

 

Orange Credit Union recently launched the Financial Fitness Community Challenge to encourage everyone to set a money goal and get financially fit in time for Summer. The free online program helps to motivate people with tips and information to help understand savings and spending habits and make the most of your money.

 

Financial Fitness promo offers currently available at Orange Credit Union include:

  • In collaboration with QBE Insurance, be rewarded with a ‘$100 Think Orange Region Shopping Card’ with every new motor, home and landlords insurance policy before 31 December.# Treat yourself to something special and support your local businesses.
  • Get moving in the right direction with waived establishment fees saving $265 on our New Car Loan for all vehicles, boats, caravans up to 3 years old. Currently available for a low 4.99% pa variable rate and 4.99% pa comparison rate**. No monthly fees, no early payout penalty and no penalty for extra repayments.

 

Visit https://www.orangecu.com.au/watchyoursavingsaddup for Terms & Conditions, lending criteria and fees and charges that apply. We encourage everyone in the community to join the Financial Fitness challenge powered by OCU by setting a money goal online at www.orangecu.com.au/FinFit

 

Now is the time to start fresh and finish strong. 

Talk to Team Orange Credit Union today on 6362 4466. 

 

For interviews, please contact: 

Marketing & Communications Manager, Mel Monico on 

mel.monico@orangecu.com.au or 0438 076 371.

 

*Lending criteria, terms & conditions, fees & charges apply. 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. This comparison rate is based on a $150,000 home loan over 25 years.  New loans with a minimum borrowing amount of $350,000 and up to 95% of property value. No offset account. No redraw. Principal and Interest repayments only. At the end of the variable rate period, the rate will move to our Essential Low Rate currently 2.89% pa, Comparison Rate 2.94% pa. # Insurance is issued by QBE Insurance (Australia) Limited (AFSL 239545) and distributed by Orange Credit Union (AFSL 240768). Please read the PDS, TMD available at www.orangecu.com to decide if these products are right for you. ** 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. This comparison rate is based on a $30,000 secured loan over 5 years.  New lending only for new vehicles up to 3 years old. $15,000 minimum loan amount. Approval required by 12 noon, 31 December 2021.

 

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