What are the monthly repayments for a $500,000 loan at Fire Service Credit Union?

For a $500,000 loan at 5.89% over 30 years, the monthly repayment is approximately $2,962, with total interest amounting to $566,494.

Can I refinance my current mortgage with Fire Service Credit Union?

Yes, you can refinance with Fire Service Credit Union. While specific timelines aren't provided, they focus on personalized service to meet your needs.

What is the Firefighter Package Home Loan?

The Firefighter Package Home Loan is available for new loans or increases to existing loans with a minimum amount of $150,000 and a loan-to-value ratio not exceeding 60% on eligible owner-occupied properties.

How much can I save by refinancing to Fire Service Credit Union?

Refinancing a $1,000,000 loan can save you $396 monthly, totaling $142,456 over the loan term compared to market rates.

Does Fire Service Credit Union support the firefighter community?

Yes, the credit union supports the firefighter community by using savings to fund loans for fellow firefighters, promoting community support and offering lower rates.

What are the total interest costs for a $600,000 loan?

For a $600,000 loan at 5.89% over 30 years, the total interest cost is approximately $679,793.

Are there any hidden fees or catches with Fire Service Credit Union home loans?

No hidden fees or catches have been identified with Fire Service Credit Union home loans. They focus on transparency and community support.

How does Fire Service Credit Union handle the discharge process?

While there is no specific timeline for the discharge process, Fire Service Credit Union aims to provide personalized and efficient service throughout.

Is there a minimum borrowing amount for home loans with Fire Service Credit Union?

Yes, for the Firefighter Package Home Loan, the minimum borrowing amount is $150,000.

UPDATED JUL 7, 2026

Fire Service Credit Union Home Loans: The 2026 Review

Unlock exclusive benefits with our Firefighter Package Home Loan. Enjoy competitive rates below market average, with flexible repayment options. Ready to secure your dream home?

Bheja Verdict

Very Good

4.1/5

✓

Highly competitive rates across products

✓

Wide range of loan options

Check Eligibility

Fire Service Credit Union Home Loans At a Glance

🏷️Best Rate Available

5.89%

Variable • Owner Occupied

💳Application Fee

$150

Upfront fee applies

📅Monthly Fee

Ongoing service fee

Loan Range:$20K - $100.0M

LVR:Up to 96%

Products:5 variations

Offset Account:Available

Current Fire Service Credit Union Home Loan Rates

Last updated: July 2026

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Average Rate: 6.26%
Best Rate: 6.09%
Monthly Payment: $3,027

Advanced

Sort By

L5 Mortgage Insured Home Loan
Fire Service Credit Union
Min 4% DepositOffsetRedraw
6.09%
Interest Rate
Variable
6.10%
Comparison Rate*
$3,027
per month
Principal And Interest
Visit lender’s site
Check Eligibility
Fees:
Application $150Discharge $204+ other fees may apply
L25 Firefighter Package
Fire Service Credit Union
Min 20% DepositOffsetRedraw
6.24%
Interest Rate
Variable
6.51%
Comparison Rate*
$3,075
per month
Principal And Interest
Visit lender’s site
Check Eligibility
Fees:
Application $150Discharge $236+ other fees may apply
L26 Home Loan
Fire Service Credit Union
Min 4% DepositOffsetRedraw
6.44%
Interest Rate
Variable
6.45%
Comparison Rate*
$3,141
per month
Principal And Interest
Visit lender’s site
Check Eligibility
Fees:
Application $150Discharge $204+ other fees may apply

Fire Service Credit Union Product Statistics

Real-time insights and market analysis

Fire Service Credit Union offers 4 home loan products across 5 variations, the average variable rate is 6.17% p.a., the best available rate is 5.89% p.a..

Average Variable Rate

6.17%

5 products

Average Fixed Rate

—

0 products

Best Available Rate

5.89%

Variable • Owner Occupied • P&I

Total Products

5 variations

Fee Summary

Application Fee

$150

Monthly Fee

Discharge Fee

$204 - $235.75

Late Payment Fee

Key Features

Across Fire Service Credit Union's range: 5 include an offset account, 5 offer redraw, 5 allow extra repayments.

Offset Account

100%

Redraw Facility

100%

Extra Repayments

100%

Split Loan

—

Product Ranges

Fire Service Credit Union's interest rates range from 5.89% to 6.44% p.a., maximum LVR from 60% to 96%, loan amounts span $20,000 to $100,000,000.

Interest Rates5.89% — 6.44%

Max LVR60% — 96%

Loan Amount$20K — $100.0M

Disclaimer: The key features displayed highlight what's available across the lender's home loan range. Individual products and variations may differ. Use the product table to search for a loan with the specific features you're looking for.

How Fire Service Credit Union Compares

FEATURE	Fire Service Credit Union	Australian Mutual Bank LTD	Hume Bank	Newcastle Permanent Building Society
Best Variable Rate	5.89%	5.64%	5.99%	5.99%
Best Fixed Rate (3yr)	—	6.14%	6.39%	6.39%
Application Fee	$150BEST	$250	$199	$350
Monthly Admin Fee	$0BEST	$0	$0	$0
Offset Account
Redraw Facility
Product Variations	5	182	115	109

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Bheja Insight: Fire Service Credit Union offers offset accounts like most community-owned lenders, helping reduce interest while keeping funds accessible.

About Fire Service Credit Union

Company overview and contact information

Fire Service Credit Union, established in 1972, was founded by a group of firefighters in Adelaide, SA. As a community-owned institution, it operates with a strong focus on supporting its members beyond financial services. The credit union is an Authorised Deposit-taking Institution (ADI) and holds both an Australian Financial Services Licence (AFSL) and an Australian Credit Licence (ACL), ensuring regulatory compliance and trust.

Offering a range of home loan products with rates from 5.89% to 6.44%, Fire Service Credit Union caters to diverse borrowing needs. Their notable Firefighter Package Home Loan is tailored for new loans or increases, requiring a minimum borrowing of $150,000 and a loan-to-value ratio (LVR) not exceeding 60% for eligible owner-occupied properties. This package highlights their commitment to providing specialized services to community members.

Fire Service Credit Union stands out with its member-owned model, ensuring personalized service without the use of call centers. Their streamlined application process and community focus make them a preferred choice for those seeking a more personal banking experience. With both branch and online services, they offer convenience and accessibility to their members.

Company Details

Legal Name: Fire Service Credit Union

ABN: 17087651152

ACN: 087651152

Established: 1972

Headquarters: Adelaide, SA

Ownership: Community Owned

AFSL: 237515

Key Features

Fire Service Credit Union offers tailored home loan solutions with competitive rates and flexible features, specifically designed for Emergency Services employees and their families.

Offset Account

The balance in your Fire Service Credit Union account directly reduces the interest payable on your mortgage, helping you save money over the life of your loan. This feature is available on all products.

Free Redraw Facility

Members can access advance repayments with a minimum redraw amount of $1,000, capped at $20,000. This allows flexibility in managing unexpected expenses without additional fees, available on select products.

Extra Repayments

Fire Service Credit Union allows unlimited extra repayments on eligible loans without incurring additional charges, enabling borrowers to pay off their loans faster and reduce interest costs.

Competitive Rates

FSCU offers competitive interest rates across its range of home loan products, including the Firefighter Package and Investment Loan, providing cost-effective solutions for members.

No Annual Fee

The L26 Home Loan offers a standard variable rate with no annual fees, reducing the overall cost of the loan and providing a straightforward financial solution for borrowers.

Flexible Loan Terms

Fire Service Credit Union provides loan terms of up to 30 years, allowing borrowers to tailor their repayment schedule to suit their financial situation and long-term goals.

Online Account Management

Members can view their account balance and transfer extra funds online at any time, offering convenience and control over their financial management.

Personalised Service

As a member-owned institution, FSCU provides personalised service with no call centres, ensuring that members receive dedicated support and expert guidance throughout their loan journey.

Community Support

By banking with FSCU, members contribute to a community-focused initiative where savings help fund loans for fellow firefighters, promoting lower rates and community support.

Lenders Mortgage Insurance

The L5 Mortgage Insured Home Loan includes lenders mortgage insurance, allowing members to enter the property market sooner with a smaller deposit, available on select products.

Fees & Charges

Fire Service Credit Union offers a transparent fee structure for its home loans, with a mix of upfront and ongoing fees that vary by product. Borrowers can expect clear information on costs, though some fees may vary depending on the specific loan product chosen.

Fee Type

Amount

Description

Application Fee

$300

Charged when applying for a new home loan.

Existing Mortgage Increase Application Fee

$150

Applies when increasing the amount of an existing mortgage.

Loan Set Up Costs

$300

Covers the initial setup of the loan account.

Annual Service Fee

$300/year

Recurring fee for maintaining the loan account, includes Firefighter Home Loan.

PEXA Settlement Fee

$71.28

Charged for electronic settlement of the loan.

Mortgage Discharge Doc Fee

$235.75

Applies when discharging the mortgage documentation.

LTO Mortgage Discharge

$192

Fee for processing the discharge of the mortgage.

Home Loan Redraw

No fee for redrawing funds from the loan.

Conveyancing Costs

Variable

May apply depending on the legal work required for the property transaction.

Account Keeping Fees

Variable/month

May apply depending on the specific loan product.

Fees subject to change. Refer to lender documentation for current rates.

Eligibility Criteria

Fire Service Credit Union offers home loans to Australian residents, particularly those connected to Emergency Services, providing accessible options for purchasing or refinancing homes.

Must be at least 18 years old.

Must be an Australian resident.

Must be employed by Emergency Services or have a family member employed in Emergency Services.

Must be a natural person, not a legal entity.

Loan-to-Value Ratio (LVR) must be between 60% and 96%.

Minimum loan amount of $20,000 and maximum of $99,999,999.

For the Firefighter Package, minimum borrowing amount of $150,000 with LVR not exceeding 60%.

Important Notes

LMI may be required for loans with high LVR.
Membership requires a $10 share purchase.
Special Firefighter Package available for eligible Emergency Services personnel.
Certified identification is required for application.

Fire Service Credit Union Home Loan Pros & Cons

Our expert take on whether Fire Service Credit Union is right for you

Pros

+Rates below market average
+Community – focused and personalized service
+Flexible repayment options with free redraw
+Fast approval process

Cons

–Limited product range
–No LMI waivers available

Best For

Firefighters and emergency service workers
Borrowers seeking community-focused lending
Homeowners wanting flexible repayment options
Individuals looking for fast approval processes

Not Ideal For

Borrowers needing a wide range of loan products
Those seeking LMI waivers

💡

Bheja Verdict: Fire Service Credit Union offers competitive home loan rates below the market average, making it an attractive option for community-minded borrowers seeking personalized service.

Expert Secrets (Why Use Us?)

Insider knowledge about Fire Service Credit Union that most borrowers don't know

LMI Cost Examples

1For a $500,000 loan at 85% LVR, LMI costs $6,000.

2At 90% LVR, the LMI for a $500,000 loan increases to $12,500.

3For a $500,000 loan at 95% LVR, LMI is $21,000, with no waiver available.

4A $750,000 loan at 85% LVR incurs $9,000 in LMI costs.

Offset Benefits

Offset accounts can significantly reduce the interest paid over the life of the loan by using your savings to offset the loan balance.

For example, if you have $20,000 in an offset account against a $500,000 loan, you only pay interest on $480,000, potentially saving thousands over the loan term.

Admin & Logistics (The Help Desk)

Everything you need to manage your loan

Application Process

5 Steps

Contact Fire Service Credit Union: Initiate the discharge process by contacting Fire Service Credit Union at 08 8227 2222. (Tip: Have your loan account details ready when you call.)

Complete Required Forms: Fill out any discharge forms provided by the credit union. These forms are necessary to officially start the discharge process. (Tip: Request the forms to be emailed for faster processing.)

Pay Discharge Fees: Pay the required discharge fee of $235.75. Ensure all payments are made to avoid delays. (Tip: Confirm payment methods accepted by the credit union.)

Coordinate Additional Documentation: Work with the credit union to provide any additional documentation they may require for the discharge process. (Tip: Keep copies of all submitted documents for your records.)

Book Settlement: If applicable, coordinate with your settlement agent to book a settlement date. (Tip: Ensure all parties are informed of the settlement date to avoid last-minute issues.)

Processing Times

Discharge Process10-14 business days

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Pro Tips

Request the discharge at least 2 weeks before your intended settlement date to avoid delays.
Double-check all forms for accuracy before submission.
Keep a record of all communications with the credit union.
Inquire about any potential fee waivers or discounts.
Ensure all fees are paid promptly to prevent processing delays.

Fire Service Credit Union Mortgage Calculator

Estimate your repayments using current Fire Service Credit Union home loan rates

Over 30 years, borrowing $480,000 at 5.89%, total cost including interest and known fees could be around $1,240,424. Estimated monthly repayment: $2,843.98.

Home loan option

Property price

Your deposit

Loan term (years)Repayment frequency

Estimated total cost over 30 years

$1,240,424

Estimated repayment

$2,843.98

monthly repayment

Amount you borrow: $480,000 · At 5.89% · Variable — can change with the market

Known fees in this estimate

Application fee: $150
Legal fee: $204
Discharge fee: $236
Monthly fee: $600 / month
Total ongoing fees (30 yrs): $216,000

How is this calculated?

Estimated total cost includes the amount borrowed, interest over the full loan term, and any upfront, ongoing, and discharge fees published by the lender. It does not include stamp duty, LMI, or savings from an offset account.

The revert rate is the rate your loan may switch to when a fixed, introductory, or interest-only period ends. Where a lender hasn't published this rate, we use an estimate.

Cost breakdown

Amount you borrow: $480,000
Total interest: $543,834
Upfront fees: $354
Ongoing fees: $216,000
Discharge fee: $236
Estimated total cost: $1,240,424

These figures are estimates only. Your actual repayments and costs may differ. Confirm all details with your lender before making a decision.
Where a lender hasn't published their revert rate (the rate that applies after a fixed, introductory, or interest-only period ends), we estimate it. Your repayments may change when this period ends.
Split loans and offset accounts aren't included in this estimate.
For product comparison and comparison rates, see the rates table above.

Still Unsure? Let a human handle it.

Not sure if Fire Service Credit Union is right for you? Our brokers can help you compare options.

Frequently Asked Questions

Fire Service Credit Union emphasizes personalized service, so while there's no specific timeline, they work closely with you to ensure a smooth and efficient process.