Home loans

Advance Variable


Why choose this home loan?

With no Loan Establishment Fee (normally $600)6, annual or monthly account keeping fees you can save money for the other important things in your life.
Save on interest with free Multi-Account Offset. Offset up to $50,000 of the combined balances of your CUA Everyday Accounts.7
Enjoy the flexibility of being able to make unlimited extra repayments without penalty.
Access your additional home loan repayments with redraw, so you can use it whenever you need some breathing space.5
Protect the things you love coming home to.
Take out Allianz home and contents insurance through CUA.
Find out more

Advance Variable Home Loan


  • Owner Occupier Loans: up to 90% maximum Loan to Valuation Ratio (LVR) including Lenders Mortgage Insurance (LMI) on P&I and Construction purpose.
  • Max. 80% LVR applies to Interest Only.
  • Different rates apply for Owner-Occupier, Construction and Interest Only lending.

You must be:

  • Over 18 years of age
  • A permanent resident of Australia

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Compare Advance Variable Owner Occupier rates

Interest Rate
Comparison rate*
Advanced Variable Rate1
Advanced Variable Rate1 Principal & Interest repayments 2
Advanced Variable Rate1 Construction Interest Only3
Advanced Variable Rate1 Interest Only repayments4

Home Loan Key Facts Sheets are part of the Australian Government’s banking reforms effective 1 January 2012.

The Key Facts Sheet outlines loan information in a standardised format used by all financial institutions, therefore allowing you to compare CUA home loan products against those available from competitor institutions.

The Key Facts Sheet highlights important information, such as the total amount to be paid back over the life of a loan, and what the expected repayment is for every dollar borrowed.

A Key Facts Sheet is only applicable when the loan will be repaid by principal and interest repayments for the full term and the purpose of the loan is to purchase residential property or refinance a loan that was wholly or predominantly to purchase residential property.

Please connect with one of our home loan specialists to further discuss our product offering and the best suited product for your situation.

For more information on choosing the right home loan for you, you may also wish to visit the ASIC consumer website.

See important information below

Important information Important information Show content

Results are based on a single, full time PAYG income with no dependants. Any upfront costs that may be associated with the loan are capitalised in the loan amount. The results from this calculator should be used as an indication only. Results do not represent either quotes or pre-qualifications for a loan. The actual amount you can borrow may vary depending on factors including your verifiable net income, other debts or liabilities you have and the number of dependents you have. Lending is to approved applicants only and all lending is subject to a detailed credit assessment.

Repayment is for principal and interest and is indicative only based on the stated information. Changes in interest rates, repayment frequency and loan term will affect the repayment amount.


Expense Details and Default Values
The calculator initially assumes that the borrower has a minimum set of annual expenses of $16,500.
Maximum percentage of income available - currently set at 100% of income

All months are assumed to be equal. In reality, many loans accrue on a daily basis this can lead to varying interest in different months.

Number of Weeks & Fortnights in a Year
One year is assumed to contain exactly 52 weeks or 26 fortnights. Thus the assumption is for a 364 day year.

The calculator uses the unrounded payment to derive the amount of interest accrued over the full term of the deposit, however, institutions round repayments to the nearest cent.

Important information Important information Show content

The calculations provided are estimates only and based upon the information entered into the calculator by the user. The calculations do not include upfront or continuing credit fees and charges. The resulting calculations do not constitute a loan application or variation to an existing CUA facility, loan offer or loan approval.

Rates current as at 21 December 2017 and subject to change.

Your needs and financial circumstances have not been taken into account. Terms, conditions and Lending critieria apply and are available on application. Other fees and charges may apply. A General Information , Terms & Conditions brochure and Schedule of Fees are available online or from your local CUA branch. You should read both these documents before deciding whether to purchase this product, issued by CUA.

Comparison rate calculated on a $150,000 secured loan over a term of 25 years based on monthly repayments. 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.

Important information Important information Show content

Rates current as at 21 December 2017 and subject to change.

Home loans issued by Credit Union Australia Ltd ABN 44 087 650 959, Australian credit licence 238317 to approved applicants only. Lending criteria, fees, charges, terms & conditions apply. Ask us for details.

1Available to new owner-occupier loans of $100,000 or more. Maximum LVR limits apply based on standard security types. New loans only. Offers not available for switching of existing CUA home loans or to applicants for another CUA home loan fully approved prior to 25/08/2017. Rates vary by repayment type (principal and interest vs interest only) and construction loans.

2 Principal and interest repayments only. Maximum LVR limit of 90% (inclusive of lenders mortgage insurance) applies. Not available for construction purposes.

3 Maximum LVR limit of 90% (inclusive LMI) applies. Payments are made on an interest only basis for first 12 months. After 12 months loan will revert to the Advance Variable owner-occupier P&I repayments rate. Comparison rate based on a 12 month interest only period and P&I for balance of the term

4 Maximum LVR limit of 80% applies. Maximum interest only period of 24 months. At expiry of the interest only period loan will revert to the Advance Variable owner-occupier P&I repayments rate. Comparison rate based on a 24 month interest only period and P&I for balance of the term.

5 A $200 minimum withdrawal amount applies for redraws conducted in-branch.

6Loan Establishment Fee of $600 waived until fee waiver offer withdrawn.

7 You must maintain a minimum balance of $500 in each offset account to obtain an offset benefit. The maximum in your offset accounts that is able to be offset against your Advance Variable home loan when calculating interest is $50,000. Offset account balances in excess of $50,000 will not be taken into account when calculating interest on your loan. You will also not receive any interest on the funds in your offset accounts.

*Comparison rate calculated on a $150,000 loan over 25 years based on monthly repayments. WARNING: Comparison rate true only for example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in different comparison rate.