Ready for useful features & low fees?
Because we care about protecting your interest our home loans come with features you’ll actually use at a price you can afford.
Current Fixed Interest Rates & Comparison Rates*
1 year fixed - 7.09% Comparison rate: 6.72% p.a.
2 year fixed - 7.23% Comparison rate: 6.79% p.a.
3 year fixed - 7.34% Comparison rate: 6.88% p.a.
4 year fixed - 7.53% Comparison rate: 7.01% p.a.
5 year fixed - 7.79% Comparison rate: 7.20% p.a.
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USEFUL FEATURES
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| Owner occupied & investment | Yes |
| P&I or Interest-only | Yes |
| Max LVR for purchases |
95% including LMI |
| Max LVR for refinances | 95% including LMI |
| Max LVR for refinances and debt consolidation | 90% plus LMI |
| Max Term | 30 years |
| Min loan size | $150,000 |
| Max loan size | $1 million (higher as an exception) |
| First home buyers | Yes |
| Capitalise mortgage insurance if payable? | Yes |
| Payment frequency | M,F or W |
| Split Loans | Up to 4 splits free |
| Free redraw | Not on any fixed split portion |
| Free salary crediting | Not available on fixed portion |
| Free 100% interest offsetting | Not available on fixed portion |
| Free online loan account | Unlimited access |
| Free phone loan account | Unlimited access |
| ATM/EFTPOS/Bpay | Yes |
| Top Ups | Yes (fees & conditions apply) |
| Can split with variable portion |
Yes (Breathe Easy variable rate) |
| Construction loan | No |
| Pre-approval | Yes |
| FEES | |
| Application fee | Nil |
| Monthly ongoing fee | Nil |
| Annual fee |
Nil |
| Legal fees(deducted from loan)** | $385 |
| Valuation fee |
$275 |
| Settlement fee (deducted from loan) | Nil |
| Offset management fee |
Nil |
| Pre-approval fee |
Nil |
| Discharge fee | $350 |
| Cancellation of settlement fee^ | $390 |
*This comparison rate is based on a loan amount of $150,000 over 25 years with fees and charges payable. WARNING: This comparison rate applies only to the example given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in teh comparison rate but may influence the cost of the loan.
**This is an estimate of average legal fees. The figure may vary depending on the loan structure.
^This fee is payable in the event that settlement is cancelled by anyone other than SCMC.
Deferred administration fees (exit fees)
There are no Early Exit Fees or penalties if a loan is completely paid off but not discharged within the first five years. Fees may be payable in the event that a loan is fully discharged within the first five years such as in the event of a sale or refinancing.
All SCMC loans are portable which means you can transfer the loan to a new or different property for a nominal fee of around $750 and not incur any early exit penalties. Conditions apply.
In the event that an early exit fee is payable, the fee will be 1% of the initial loan amount in the first three years, reducing to 0.80% in the fourth year and 0.60% for the fifth year. Fixed break costs will also be payable.
