How do I apply for a Credit Union mortgage or approval in principle?

Contact Don or Harry on 0800 429 000 (select option 4).

They will provide the information you need to enable you to make an informed decision.

Click here to download an application form. Fully complete it and send in with proof of income and any other supporting information you have.

When will funds be released?

When the Credit Union receives the correctly completed documents, the funds will be disbursed to your solicitor, on the agreed settlement date.

Can I make bulk payments or set my repayments higher than the minimum?

Yes. There is no penalty charge or early repayment fees, so repay at your own pace as long as the minimum payments in the agreement are met.

Am I required to repay the loan in full with proceeds from my superannuation if I disengage or retire?

Not necessarily. In most cases part of your loan can remain – each case will be decided on its merits.

Can I re-borrow against my original limit?

As you pay off your flexible rate loan, the principal that is repaid can be re-borrowed. This option is not available for fixed rate terms.

Click here to download the Mortgage Extend Credit application form to re-borrow up to your original limit (minimum $500.00). If the signed request is faxed to the Credit Union before 2 pm on a normal business day, it should be actioned that same day.

Which solicitor should I use?

One that you are comfortable with – don't be afraid to ‘shop around’.

Can I get a lifestyle loan while I have a mortgage?

Yes. You are entitled to apply - subject to our normal lending criteria.