ECU Home Loans

ECU is a Queensland-based credit union that provides home loans, personal & car loans, credit cards, insurance and business banking solutions.

What types of home loans does ECU offer?

At the time of writing ECU offers the following types of home loans:

Find out about how different types of home loans work here.

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Variable home loan features

Offset account available on selected loan products
Redraw facility available for payments over $1,000
Unlimited additional repayments allowed
Loan terms up to 30 years
Split loans available

Repayments may be made weekly, fortnightly or monthly

No monthly or application fees

Compare Home Loans

How to apply for an ECU home loan

Applying for an ECU home loan is a simple process; just compare home loans on the Canstar website and apply for the loan of your choice through any of the following three methods:

Online: the fastest way to apply
Branch: download an application form and drop it into your nearest ECU branch
Phone: call ECU on 1800 383 791 and they’ll walk you through the application process over the phone

When applying for an ECU home loan, you’ll need to provide details on your income, assets and liabilities, as well as the value of the property and a form of personal identification.

Follow our applying for a home loan checklist, and use the Canstar website to compare ECU home loans with other home loans before choosing a product that suits your needs:

Compare Home Loan Comparison

ECU Home Loan FAQs

Yes, ECU allows unlimited extra repayments to be made on its variable interest home loans, while its fixed rate home loans allow limited amounts. Terms and conditions apply.

Find out how making extra repayments could save money in interest over the life of your loan in this article, or use our Extra Repayments Calculator for yourself:

Extra Home Loan Repayments Calculator

Yes, ECU’s variable rate home loans offer a redraw facility for amounts above the minimum threshold of $1,000. Fees and charges may apply to use of a redraw facility; contact your lender for details or learn more about redraw facilities here.

ECU is the brainchild of a group of Cairns Electricity Board employees, and was founded in 1973 with the intention of providing competitive finance options for its members.

It was then known as C.R.E.B Credit Union, serving electricity industry employees and their families. It has gone through numerous name changes since, before finally settling on ECU in 1997.

It is no longer exclusive to electricity industry employees – now, anyone who uses electricity can become a member of ECU.