My Credit Union

Make 2020 the year you get smarter with your finances

Print

In 2019, a report found that 49% of Australian households have less than $10k in accumulated savings*. In addition, the Insurance Council of Australia suggests nearly a quarter of Australian homes do not have home and contents insurance and a large proportion that do, do not have adequate cover to rebuild and replace contents in the event of a total loss.

Repayments to pay off home loans, personal loans, car loans and credit cards represent a significant proportion of many household budgets. This is precisely why household budgets should be reviewed, perhaps every 12 months, including loan, credit card and insurance arrangements. And SERVICE ONE can help. 

Expand the below options to better understand how we can assist with these elements of your household budget and the tools that are available to you.

  Lower your home loan repayments

A relationship with your home lender can last for years as you pay off your loan. That is why a lender should build trust with you as a borrower and be there when you need them. With a SERVICE ONE Alliance Bank home loan you can take advantage of:

  • life-of-loan^ Standard Variable Rate discounts without a hefty annual package fee
  • 100% offset and redraw facilities available across selected loans, and
  • local SERVICE ONE lending experts to get to know you and your needs.

Keep in mind, as part of our obligations as a responsible lender, we cannot refinance your loan with another lender to a SERVICE ONE Alliance Bank home loan unless we can establish you will be better off financially. 

Provide some brief information on your existing home loan and let’s see what we can do for you!

Get started with lowering your home loan repayments now.

  Get on top of your personal debt

There are many different finance options to help get us what we want. This can lead to many different repayments that need to be managed between several credit cards, store cards, short-term finance, high interest debt and more. In addition, many introductory offers that start with low interest rates revert to arrangements with high interest rates over time. And that’s why you may like to consider:

  • refinancing high interest personal debt using a SERVICE ONE Alliance Bank personal loan
  • consolidating multiple sources of debt into a single loan repayment
  • using the SERVICE ONE Alliance Bank low rate, low fee credit card for new purchases, and
  • moving revolving debt (like a credit card) to a fixed term personal loan to get it paid off once and for all.

To give you a sense of the financial commitment, you can pay off $20,000 in debt for as little as $98 a week#.

Get started with getting on top of your personal debt now.

  Restructure your accounts to fast track your savings efforts

We can have a tendency to spend what we have easy access to. That is why it is so important how you structure your transactional and savings accounts. And because all of your SERVICE ONE Alliance Bank accounts are linked to your SERVICE ONE membership, you’ll see all of your accounts in the one consolidated statement. To fast track your savings, you may like to consider:

  • establishing a regular savings account, bill account and everyday spending account
  • having your pay deposited directly to one of these accounts and then setup regular payments to your sub-accounts (even starting with $50 a week to your regular savings account will equate to $2,600 in 12 months)
  • using the All Smiles Account for your transactional needs to minimise fees
  • re-naming accounts to easily monitor your money
  • having us move regular payments to and from accounts held elsewhere to your SERVICE ONE Alliance Bank account(s), and
  • linking a PayID to your SERVICE ONE Alliance Bank account, making it easier for others to send you money.

In addition, our App can help you monitor progress towards particular savings goals.

Get started with restructuring your accounts to fast track your savings now

  Protect your assets with great value insurance

We don’t like to think the worst, but in the event of a partial or total loss, do you have adequate cover to rebuild and replace your valuable assets? We can assist with:

Generate a home and contents insurance quote now.

Generate a car insurance quote now.

Generate a travel insurance quote now.

Complete a short online form and we’ll be in touch to assist with your insurance needs.

About SERVICE ONE

Keep in mind when you choose SERVICE ONE for any of your banking/finance needs, you’re dealing with a socially-conscious alternative to the major banks. That means:

  • SERVICE ONE is a social enterprise – that is, for-profit but also for-purpose
  • our profits don’t go to a limited group of shareholders – instead, our profits are re-invested for the benefit of Members and the broader community
  • we are a founding donor and help deliver an interest free loan program for those escaping domestic and family violence
  • we help develop other socially-conscious ventures through our work with The Mill House, and
  • we helped establish an additional four National Health Co-op clinics in the region, giving an additional 20,000 locals unlimited access to bulk billed health services.

Find out more about SERVICE ONE’s story now.

Current offers and specials...

 

Home loan offer

A 2-year fixed rate of 2.34% (3.55% comparison rate).

Find out more
 

Car/personal loan offer

A 6.90% fixed rate (7.50% comparison rate) for any worthwhile purchase.

Find out more
 

Term deposit offer

A 1.10% return on a 12-month term deposit of $5k or more with interest paid at maturity.

Find out more

 

You might also be interested in…

 

 

We can come to you

Book an appointment with a SERVICE ONE lender now.

Book appointment
 

Home loan repayments calculator

Work out how much your home loan repayments might be.

Calculate
 

Personal loan repayments calculator

Work out how much your personal loan repayments might be.

Calculate

Terms and conditions apply and fees and charges are payable. Lending criteria apply. Full details available on application. 

*Based on the Household Financial Comfort Report conducted in June 2019.

^Life-of-loan discounts are honoured subject to meeting terms and conditions and making no variation to your associated loan contact(s). 

#Using the Variable Rate Personal Loan (unsecured) with a rate of 9.99% p.a. (comparison rate of 10.54% p.a.). Repayment amount calculated using the personal loan repayment calculator available at serviceone.com.au over a 5 year term with weekly repayments. Repayment figure is indicative only. Comparison rate calculated on a loan amount of $30,000 over a term of 5 years based on 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.