CUA standard variable rate still lower than the major banks
Following the reduction in the official cash rate announced by the Reserve Bank of Australia (RBA), CUA can confirm it will pass on a 0.10% reduction to its variable rate home loan product suite, effective Friday 17 April 2009. As a result, the CUA standard variable rate will decrease to 5.52%.
CUA understands that a home loan is not just about the rate, it is finding the right loan to suit each individual's needs. CUA's home loans offer more than just an attractive rate. The additional features of 100% offset, free redraw, no monthly fees, loyalty discount and the ability to make extra repayments without penalty all add up to the best home loan available in Australia today.
Currently over 80% of our members with a standard variable home loan also qualify to receive an additional 0.25% loyalty discount bringing their current rate down even further to 5.27%.
