CUA launches market-leading three year fixed-rate home loan

29/09/2011

CUA, Australia’s largest customer-owned financial institution, has today announced it has cut its three year fixed-rate home loan rate by five basis points to 6.34%, effective
immediately.

CUA’s three year fixed-rate home loan is now the leading rate available in the market – 31 basis points lower than the average of the ‘Big Four’s’ equivalent three year fixed-rate home loan products.

Andrew Hadley, CUA’s Group General Manager, Strategy and Marketing, said, “Our
decision to further drop the rate of our three year fixed-rate home loan is reflective of CUA’s ongoing commitment to offer highly competitive products and services and ultimately deliver a better deal for customers. This is probably why we were recently voted a top three favourite home lender by Australians in the Mozo People’s Choice Awards 2011.”

“Given the current uncertainty in the market, Australians looking for stability and security around their mortgage repayments may find fixing their loan for a longer-term period of three years a good option,” he concluded.

CUA is owned by its customers, not shareholders, which means all profits are  reinvested back into the business to consistently deliver better products, more competitive interest rates and lower fees.

CUA’s three year fixed-rate home loan:

Term: Three years

Rate:6.34%

Offer: 29 September 2011 until further notice

Apply: Visit a CUA branch, call CUA Direct on 133 282, or use our Mobile Banker Locator to meet with a CUA mobile lender

Comparing fixed rate home loans


3 Year Fixed Rate Comparison Rate
CUA 6.34% 7.02%
ANZ 6.59% 7.52%
Westpac 6.64%* 7.63%*
NAB 6.64% 7.49%
CBA 6.74% 7.62%
Source: Competitor websites as at 29 September 2011
*Non-packaged rate

Contact:

Phone:

Call 133 282

Mon - Fri   8:00am - 8:00pm (AEST)
Sat - Sun  8:00am - 4:00pm (AEST)

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