CUA, Australia's largest customer-owned financial institution, has reduced its premium range of Fixed Rate Home Loans to the same rates as the basic range of Fixed Rate Home Loans. This provides customers with an opportunity to get premium features at ‘no frills’ home loan interest rates – with its 3 Year Premium Fixed Rate Home Loan now at 4.89%.
CUA is also waiving all establishment fees for new home loans with a Loan to Valuation Ratio (LVR) below 80% and the first year pro-rata package fee for CUA Rate Breaker Package home loans.
According to Mark Petty, Head of Products at CUA, these offers are further proof of CUA’s commitment to offer consistently better value to customers.
“Our interest rates consistently remain among the lowest in Australia. For example, our basic 3 Year Fixed Rate Home Loan has been lower than the average of the Big Four banks since September 2011, and our Standard Variable Home Loan rate has been lower by at least 0.5% since April 2010, compared to the average of the Big Four banks’ equivalent products.
“As well as great rates, at this time we’re supporting our customers with the opportunity to include more flexible options on their home loan. These include product features like 100% offset, unlimited extra repayments and free redraw, coupled with the certainty of a fixed interest rate,” concluded Mr Petty.
Premium Fixed Rate Home Loan interest rates
|Premium Fixed Rate Home Loans||Previous Interest Rate*||Interest Rate Cut||New Interest Rate||New Comparison Rate**|
|1 Year Premium Fixed||5.14%||-0.25%||4.89%||5.40%|
|2 Year Premium Fixed||5.19%||-0.30%||4.89%||5.36%|
|3 Year Premium Fixed||5.15%||-0.26%||4.89%||5.31%|
|5 Year Premium Fixed||5.79%||-0.29%||5.50%||5.50%|
*Reverts to the current standard variable or discount variable rate for loans $250,000 or greater on expiration of the fixed term or introductory period. **Comparison rate calculated on a loan amount of $150,000 over a term of 25 years based on monthly repayments. These rates are for secured loans only. Warning: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Offer: Commenced 17 April 2014 to offer ends
- Premium Fixed Rate Home Loan awarded “five stars” for outstanding value by CANSTAR 2013
- 100% offset account available (minimum balance applies)
- Make lump sum repayments without penalty
- Redraw facility on advance repayments (minimum $200)
- No monthly account keeping fees
- Interest only repayment options
- Loans available for construction
- You also receive extra free transactions on your CUA savings account
Apply: Visit a CUA branch, call CUA Direct on 133 282 or visit www.cua.com.au and use our Mobile Banker Locator to meet with a CUA mobile lender