Rates
Interest rates for loans, credit cards and savings accounts.
- interest rates [PDF]
- comparison rates for home loans [PDF]
- comparison rates for personal loans [PDF]
Home loan interest rates
All loans are subject to CUA's normal lending policy. Fees and charges apply. Refer to schedule of fees brochure. Interest rates are on a per annum basis and are effective from 8 September 2008 but are subject to change.
Standard variable home loan
| Loan type | Rate | Comparison rates [PDF]# |
| Standard variable | 9.22%p.a. |
9.11% p.a. (based upon $150,000 over 25 years) |
Discount variable home loan ≥ $250,000
| Loan type | Rate | Comparison rates [PDF]# |
| Discount variable | 8.87%p.a. |
8.80% p.a. (based upon $150,000 over 25 years) |
Time to change for the better? Contact us.
Basic variable home loan
| Loan type | Rate | Comparison rates [PDF]# |
| Basic variable | 8.74%p.a. |
8.80% p.a. (based upon $150,000 over 25 years) |
Basic variable home loan ≥ $250,000
| Loan type | Rate | Comparison rates [PDF]# |
| Basic variable ≥$250,000 |
8.60%p.a. |
8.66% p.a. (based upon $150,000 over 25 years) |
Time to change for the better? Contact us.
1 year introductory variable home loan (new business only)
| Loan type | Rate | Comparison rates [PDF]# |
| 1 year introductory variable (reverts to the current standard variable or discount variable rate for loans $250,000 or greater on expiration of the introductory period.) |
8.29% p.a. |
9.18% p.a. (based upon $150,000 over 25 years) |
Better Start home loan variable (new business only)
| Loan type | Rate | Comparison rates [PDF]# |
| Better Start home loan variable (reverts to the current standard variable or discount variable rate for loans $250,000 or greater on expiration of the introductory period.) |
8.69% p.a. |
9.12% p.a. (based upon $150,000 over 25 years) |
Time to change for the better? Contact us.
Mortgage freedom ≥ $250,000
| Loan type | Rate |
| Line of credit | 8.87%p.a. |
Mortgage freedom < $250,000
| Loan type | Rate |
| Line of credit | 9.22%p.a. |
Time to change for the better? Contact us.
Fixed rate home loans
| Loan type | Rate | Comparison rates [PDF]# |
| 1 year fixed (reverts to the current standard variable or discount variable rate for loans $250,000 or greater on expiration of the introductory period.) |
8.79%p.a. |
9.24%p.a. (based upon $150,000 over 25 years) |
| 2 year fixed (reverts to the current standard variable or discount variable rate for loans $250,000 or greater on expiration of the introductory period.) |
8.79%p.a. |
9.19%p.a. (based upon $150,000 over 25 years) |
| 3 year fixed (reverts to the current standard variable or discount variable rate for loans $250,000 or greater on expiration of the introductory period.) |
8.69%p.a. |
8.95%p.a. (based upon $150,000 over 25 years) |
| 4 year fixed (reverts to the current standard variable or discount variable rate for loans $250,000 or greater on expiration of the introductory period.) |
8.69%p.a. |
8.92%p.a. (based upon $150,000 over 25 years) |
| 5 year fixed (reverts to the current standard variable or discount variable rate for loans $250,000 or greater on expiration of the introductory period.) |
8.69%p.a. |
8.90%p.a. (based upon $150,000 over 25 years) |
Time to change for the better? Contact us.
Personal loan interest rates
All loans are subject to CUA's normal lending policy. Fees and charges apply. Refer to schedule of fees brochure. Interest rates are on a per annum basis and are effective from 8 September 2008 but are subject to change.
All purpose loans
| Loan type | Rate | Comparison rates [PDF]# |
| 20% equity in real estate | 11.80%p.a. |
11.95%p.a. (based upon $30,000 over 5 years) |
| Unsecured personal loan | 13.55%p.a. | 14.26%p.a. (based upon $10,000 over 3 years) |
Car loans
| Loan type | Rate | Comparison rates [PDF]# |
| Vehicles up to 2 years old - $30,000 and above | 9.49%p.a. |
9.76%p.a. (based upon $30,000 over 5 years) |
| Vehicles up to 2 years old - below $30,000 | 10.49%p.a. | 10.77%p.a. (based upon $30,000 over 5 years) |
| Vehicles up to 2 years old (2-5 years old) | 11.49%p.a. | 11.77%p.a. (based upon $30,000 over 5 years) |
Overdrafts
| Loan type | Rate |
| Everyday overdraft | 11.10%p.a. |
| Just in case overdraft | 14.10%p.a. |
#What is a comparison interest rate?
Mandatory comparison rate legislation took effect on 1 July 2003 and essentially requires all lenders to include a comparison rate, in addition to other prescribed information, when advertising an interest rate.
A comparison rate is a tool designed to help consumers identify the “true” cost of a loan.
It is a rate that includes the annual interest rate and specific up-front and ongoing fees and charges relating to the loan, expressed as a single percentage figure. For example, an advertisement displaying an interest rate of 5.49% per annum may have an actual comparison rate of 6.75% per annum.
Compare with caution
Whilst comparison rates can be a useful tool for comparing the cost of different loans, it is important to recognise that they do have some shortcomings. Specifically, many add-on features which can be enormously beneficial are not taken into account in the calculation of the comparison rate.
When choosing a loan, it is important to consider and research each loan’s features . As an example, all of CUA’s award winning home loans offer members the ability to make additional and lump sum repayments without penalty, 100% mortgage offset facility, free redraws and many other features which differentiate them from those of our competitors.
These features are not reflected in our comparison rates.
