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My First Home Loan

My First Home Loan is a fantastic product designed to help first home buyers enter the market and get out of the rental cycle.

In order to be eligible for this product, all applicants must be eligible for the First Home Owners grant. You can read all about the First Home Owners Grant.

Interest rate effective 17th May 2010 on new loans and 1st June 2010 on existing loans

Interest type:	variable
Interest rate	7.04%pa
Comparison rate	7.04%pa*

Fees and charges

Application fee	$0 - paid by Teachers Credit Union on your behalf
Documentation fee	$0 - paid by Teachers Credit Union on your behalf
Standard valuation fee	$0 - paid by Teachers Credit Union on your behalf
Title searches	$0 - paid by Teachers Credit Union on your behalf
Settlement fee	$0 - paid by Teachers Credit Union on your behalf
Registration fees	At cost
Monthly fees	No
Third party fees and conditions may apply. Check our fees and charges.

*Comparison rates quoted are based on $150,000 for a term of 25 years. Rates apply to secured loans only. The Comparison rates available to Edvest members on all Home Loans (except My First Home Loan) will differ from those shown as the standard valuation fee is waived. On My First Home Loan, the application fee, documentation fee, the standard valuation, title searches and settlement costs are waived.
WARNING: This Comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different Comparison rate. View the Comparison rate schedule.