Nova Credit Union

Current Interest Rates

Effective from 13 May 2009

Car and Personal Loans

Interest Rates are based on our SupaNova Base Rate for Personal Loans plus risk margins from Nil to 5.00% p.a.

Interest Rate range: 10.95% p.a. – 15.95% p.a.

Comparison Rate range: 11.24% p.a. – 16.25% p.a.

Interest Rates are calculated on individual assessment.

The Comparison Rate is based on secured or unsecured loan of $30,000 for 5 years.

WARNING: This comparison rate applies only to the example or 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.

Premium Car Loan (for cars up to 5 years old)
>SupaNova Base Rate for Personal Loans plus risk margin of Nil to 1.50% p.a.

Used Car Loan (for cars over 5 years old and up to 10 years old)
>SupaNova Base Rate for Personal Loans plus risk margin of 2.00% p.a. to 3.50% p.a.

Personal Loan - Secured
>SupaNova Base Rate for Personal Loans rate plus risk margin of Nil to 3.50% p.a.

Personal Loan – Part Secured
>SupaNova Base Rate for Personal Loans plus risk margin of 2.50% p.a. to 5.00% p.a.

Personal Loan – Unsecured
>SupaNova Base Rate for Personal Loans plus risk margin of 4.00% p.a. to 5.00% p.a.

Click here for Comparison Rate Schedules

Fees and charges are payable and terms and conditions are available on request.

Applications are subject at all times to credit assessment and approval.

Lines of Credit

Line of Credit - Residential Real Estate secured

>Available percentage rates 5.29% p.a. Interest Rates are calculated on individual assessment.

Line of Credit - Term Deposit Security secured

>Differential Rate of 2.00% p.a. over interest rate payable on the Term Deposit with Nova

Line of Credit - Unsecured

>Available percentage rate 15.95% p.a.

Fees and charges are payable and terms and conditions are available on request.

Applications are subject at all times to credit assessment and approval.

Home Loans

Nova Standard Home Loan

>Annual Percentage Rate 5.29% p.a.

>Comparative Rate 5.33% p.a.

Comparison Rate is calculated on a loan amount of $150,000 over a 25 year term based upon monthly repayments.

WARNING: This comparison rate applies only to the example or 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.

Integris Home Loan Variable Rate

>Variable at the rate of 5.47% p.a.

>Comparative Rate 5.54% p.a.

Comparison Rate is calculated on a loan amount of $150,000 over a 25 year term based upon monthly repayments.

WARNING: This comparison rate applies only to the example or 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.

For Nova and Integris Comparison Rate Schedule click here

Fees and charges are payable and terms and conditions are available on request.

Applications are subject at all times to credit assessment and approval.