Premium Loan Products

The Premium Loans products provide members with an option of a premium service including transaction using a cheque book and VISA Card.

L7

Basic Mortgage                                                               

  • The lowest rate amongst standard loan products designed to save you money.
  • Interest calculated on the daily balance and charged monthly to the your account.
  • Qualifies for Mini Mortgage.

Use this account to save on interest if you do not require Redraw or Savings Interest Offset but want the benefit of a transaction account. More information

7.55
% pa

S80

Equity Line of Credit                                                    

  • Interest calculated on the daily balance and charged monthly to the your account.
  • Monthly fee of $15.00 applies to this facility.
  • Qualifies for Mini Mortgage.

Use this loan to complement your transaction account through access to a Line of Credit when your funds run out. More information

6.80
% pa

L25

Options Mortgage                                                      

  • Register for redraw of advance payments.
  • Qualifies for 100% Savings Interest Offset.
  • Qualifies for Mini Mortgage.
  • Interest calculated on the daily balance and charged monthly to the your account.

Use this loan to obtain Options mortgage options at a really good rate of interest with the benefit of a transaction account. More information

8.05
% pa

L12

Mini Mortgage                                                              

  • One other mortgage product required to qualify for this product.
  • Rate tied to hmcdirect Options Mortgage rate.
  • Interest calculated on the daily balance and charged monthly to the your account.

Use this loan to obtain consumer finance (i.e. for a car) at mortgage rates but over a term that reflects the life of the item purchased with the benefit of a transaction account. More information

8.05
% pa

SPLIT

 Mortgage Options                                                      
Members with a mortgage can split their options over the accounts L7, S80, L25 and/or L12. You will only pay one establishment fee ($300), subject to special waiver provisions, and you can change the split at any time in the future for a fee of $100.

L13

Loyalty Loan                                       

  • The lowest unsecured rate available at hmcstaff for long term members with a good lending history

For more information speak with your regions Member Relationship Officer

 10.40
% pa

L22

New Car                                                                      

  • Available at this rate only for the purchase of a new car.
  • Interest calculated on the daily balance and charged monthly to the your account.

Use this loan for the purchase of a new car at an attractive rate of interest with the benefit of a transaction account. More information

9.40

% pa

L17

Personal Secured                                                    

  • Interest calculated on the daily balance and charged monthly to the your account.
  • Loan must be secured with a motor vehicle less than 5 years old and providing 80% Loan to Valuation Ratio (LVR).

Use this loan for the purchase of a used car at an attractive rate of interest with the benefit of a transaction account. More information

 12.55
% pa

L16

Personal Unsecured                                              

  • Interest calculated on the daily balance and charged monthly to the your account.

Use this account to borrow for any worthwhile purpose with the benefit of a transaction account. More information

 14.30
% pa