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| Lender | Home Loan | Interest Rate | Comparison Rate* | Monthly Repayment | Repayment type | Rate Type | Offset | Redraw | Ongoing Fees | Upfront Fees | LVR | Lump Sum Repayment | Additional Repayments | Split Loan Option | Tags | Features | Link | Compare |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
6.24% p.a. | 7.31% p.a. | $2,526 | Principal & Interest | Variable | $0 | $300 | 80% | |||||||||||
6.34% p.a. | 7.41% p.a. | $2,552 | Principal & Interest | Variable | $0 | $300 | 90% | |||||||||||
6.54% p.a. | 7.61% p.a. | $2,605 | Principal & Interest | Variable | $0 | $300 | 97% | |||||||||||
6.89% p.a. | 7.14% p.a. | $2,632 | Principal & Interest | Fixed | $0 | $300 | 60% | |||||||||||
6.92% p.a. | 6.95% p.a. | $2,307 | Interest-only | Variable | $0 | $300 | 80% | |||||||||||
7.04% p.a. | 7.30% p.a. | $2,672 | Principal & Interest | Fixed | $0 | $300 | 70% | |||||||||||
6.94% p.a. | 8.00% p.a. | $2,397 | Interest-only | Variable | $0 | $300 | 80% | |||||||||||
7.09% p.a. | 8.15% p.a. | $2,447 | Interest-only | Variable | $0 | $300 | 90% | |||||||||||
7.41% p.a. | 7.66% p.a. | $2,772 | Principal & Interest | Variable | $295 | $0 | 80% | |||||||||||
7.19% p.a. | 8.25% p.a. | $2,480 | Interest-only | Variable | $0 | $300 | 97% |
Geelong Bank, founded as the Ford Co-Operative Credit Society (FCCS) Credit Union, was established in September 1974 by eighty Ford Motor Company employees with the mission of providing financial services to Geelong Ford employees and their families.
During the 1990s, FCCS Credit Union underwent two mergers that resulted in an expansion into Sydney and the opening up of its membership to all Australians. Since opening its doors, the credit union has grown from strength to strength and has broadened its member base and range of products and services.
In 2018, FCCS decided to change its name to Geelong Bank. The unanimous decision to rebrand was one of enormous consideration, with numerous consultations and participation of internal stakeholders and teams, customers, and non-customers. Geelong Bank provides a customer-owned banking alternative. On 26 November 2018, FCCS was officially known as Geelong Bank.
Geelong Bank has two branches in Melbourne and one in Sydney. Customers can contact the bank through its customer support line from Monday to Friday. Members who can’t make it into the branch or are outside of the branch network can email customer support or use the online enquiry form on the website. Members also have access to over 3,000 ATMs throughout Australia via the rediATM network, as well as to a hotline for lost or stolen cards.
Geelong Bank offers a wide range of products and services, including home loans, personal and car loans, insurance products, savings or investment accounts, and financial planning. Its home loan products offer flexible facilities, family guarantee option for first-home buyers, and no ongoing fees.
Geelong Bank has been supporting the local community with sponsorships for many years as it believes that sponsorship is an investment in the community. It has also developed long-standing partnerships with many local entities over the years. The bank has a strong community focus and proudly supports community projects, education programs, safety & environment initiatives, art & culture, and health & well-being initiatives.
Each person joining Geelong Bank is required to purchase a share at $10. Your share is fully refundable should you close your membership with the bank.
Borrowers wanting to apply for a Geelong Bank home loan can either complete a loan application form online or call customer support for assistance with the application. To apply for a home loan, you will need to supply the following:
- Personal identification material
- Proof of income and employment
- Information regarding your current debts, liabilities and assets
Collections: Home Loan Lender Geelong Bank News & Guides
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