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Important Information and Comparison Rate Warning

Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to be made on variables as selected and input by the user. Some products will be marked as promoted, featured or sponsored and may appear prominently in the tables regardless of their attributes. All products will list the LVR with the product and rate which are clearly published on the product provider’s website. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. *The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates correct as of .

Bankstown City Unity Bank is a member owned bank that offers a wide range of financial products and services to members and their families Australia wide.

Founded in 1965 as Bankstown Municipal Council Employees' Credit Union, the bank has expanded and now include members throughout Sydney’s southwest and the wider community of the capital. In June 2017, Bankstown City Credit Union merged and became a division of Unity Bank.

Because they are a member owned bank, there are no external shareholders in the company, meaning that any surplus profits are redirected into the members, through lower interest rates and better products and services.

Additionally, because BCUB strives to be as mutual as possible, each member has the same say in how the company is run, with "the same right to vote at our AGM and an identical say," per their website.

As a community focused bank, BCUB is predominantly focused on Sydney borrowers, with a particular concentration in the Southwest. This results in a focus on community events, from charity events and staff initiatives to sponsorships of many different local events like The Torch Charity Golf Day and the Bankstown Bites Food Festival.

To apply for a home loan with BCUB, you can contact the bank in person at a local branch, over the phone, or online. You can also use a mortgage broker to help streamline the process and decide which product is the best one for you.

As always, it's best to be prepared before you apply for a mortgage, so double-check that you've got all the necessary information ready and available before you apply.

Here are some important things to know before applying for a loan:

  • You will need to be at least 18 years of age to apply for a home loan
  • You will need to be able to provide evidence of your income when you apply, so make sure you hang on to your tax returns, pay slips, and other financial details.
  • You will also need to be able to prove your identity – a passport, a state ID, etc.
  • Any information about the property you're looking to buy, if you've already found one that strikes your fancy.

As BCUB says on their website, "buy in haste and repent at leisure." You may want to consider going through a mortgage broker to help you consider all of the options and find the best home loan for you.