Laboratories Credit Union Limited


Optimum 2 Year Fixed Rate Home Loan1

Our best fixed rate loan offer ever. Enjoy peace of mind with a fixed rate loan and lock in your interest rate. Budget better knowing exactly what your repayments will be for the next 2 years. After the fixed period you can choose to re-fix the loan at the available rate or revert to the Optimum Standard Variable Reference Rate.

  • 2 year Fixed Loan
  • No Fees (Establishment, Application or Monthly)
  • Free Redraw
  • Split with Fixed and Variable options
  • Up to $20,000 Additional Repayments per year

2.69% pa2
Fixed Interest Rate

3.93% pa3
Comparison Rate

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Optimum 2 Year Fixed Rate Home Loan
Interest Rates
Fixed Interest Rate2.69% pa2
Optimum Standard Variable Reference Rate4.20% pa
Comparison Rate3.93% pa3
Fixed Rate Term in Years2 
Ability to enter into second fixed rate period?Yes 
Flexible RepaymentsWeekly, Fortnightly, Monthly
Top Up FacilityNo
Split Loan with Fixed Variable OptionsYes, transfer to variable portion at completion of Fixed Rate period
Maximum Term in Years30 
Redraw FacilityYes 
Additional Repayments Accepted (up to $20,000 p.a.)Yes
Branch AccessYes 
Interest ChargesCalculated daily, charged monthly
Application Fee$0 
Monthly Fee$0 
Additional Repayments Fee$0 
Redraw Fee$0 
Valuation FeeAt cost
Legal FeesAt cost
Optional Rate Lock Fee$250 


1 Applications are subject to our normal credit assessment criteria. Terms and Conditions apply. Interest rates may change. Fees and Charges may apply.

2 After the fixed period, the interest rate reverts to South West Slopes Credit Union's Optimum Standard Variable Reference Rate.

3 WARNING The comparison rates apply only to the examples 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 the comparison rate but may influence the cost of the loan. Fees, charges, terms and conditions may apply