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Home loans

Standard Variable

 

A competitive rate plus all the benefits you’d expect from a variable loan

With built-in flexibility to suit your changing needs, you don’t have to choose between a home and a life. A CUA Standard Variable Home Loan comes with free offset to help you save on interest and redraw for breathing space. The loan is available for owner occupiers and investors.

Why choose this home loan?

Save on the amount of interest you pay and reduce your loan term by offsetting the combined balances of your CUA everyday accounts with a free 100% Multi-Account Offset facility.><
With no annual or monthly fees you can save thousands of dollars over the life of your loan, leaving you with more money to spend on the small joys.
Make unlimited additional repayments with easy access through redraw>|
Make extra payments on your home loan without being charged.
Choose to set your repayments to either monthly, fortnightly or weekly to suit your income and budget. Also choose between principal and interest or interest only options. (Interest Only payable monthly)
Enjoy flexibility with a low variable interest rate

Standard Variable Home Loan

Fees

Establishment fee
$600
Annual fee
$0
Monthly fee
$0
A security administration fee and other fees may apply.

Eligibility

  • Owner Occupier Loans: 95% maximum Loan to Valuation Ratio (LVR) – including Lenders Mortgage Insurance (LMI)
  • Investor Loans: 90% maximum Loan to Valuation Ratio (LVR) – including Lenders Mortgage Insurance (LMI)

Variable Investor Rates for existing investor lending only. Not available for new loans until further notice.

You must be:

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

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Compare owner occupier and investor rates

 

Owner occupier

Investor

Interest rate Comparison rate* Interest rate Comparison rate*
Interest rate
4.44%p.a.
4.44%p.a.
4.99%p.a.
4.99%p.a.

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

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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.

Fees and charges are payable. The calculations do not take into account fees, charges or other amounts that may be charged to your loan (such as establishment or monthly service fees or stamp duty). If you are borrowing more than 80% of the value of the property, Lenders Mortgage Insurance may apply. Any of these additional amounts will increase repayments under the loan. .

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.

Assumptions

Expense Details and Default Values
The calculator initially assumes that the borrower has a minimum set of annual expenses of $17,004.
Maximum percentage of income available - currently set at 100% of income

Month
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.

Rounding
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 25 Mar 2020 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.

$
Will this be your primary place of residence?
Do you want a fixed or variable rate?
Do you require an offset facility?
Do you require a redraw facility?

Your results

Max LVRΔ
Fixed/variable
Interest rate
Comparison rate*

Products

  • Achieve Variable ($100,000 - $249,999)– Principal & Interest 1,3

    2.95 % p.a. (Owner occupier)3.00 % p.a. (Comparison rate*)

    More info
  • Achieve Variable ($500,000 +) – Principal & Interest 3,8

    2.73 % p.a. (Owner occupier)2.78 % p.a. (Comparison rate*)

    More info
  • Achieve Variable ($250,000 - $499,999) – Principal & Interest 3,7

    2.80 % p.a. (Owner occupier)2.85 % p.a. (Comparison rate*)

    More info
  • Accelerate Variable – Principal & Interest 2

    3.14 % p.a. (Owner occupier)3.19 % p.a. (Comparison rate*)

    More info
  • Fixed Rate 2 Year – Principal & Interest #

    3.30 % p.a. (Owner occupier)4.29 % p.a. (Comparison rate*)

    More info
  • Fixed Rate 3 Year - Principal and Interest #

    2.84 % p.a. (Owner occupier)4.08 % p.a. (Comparison rate*)

    More info
  • Premium Fixed Rate 2 Year – Principal & Interest #

    3.50 % p.a. (Owner occupier)4.32 % p.a. (Comparison rate*)

    More info
  • Premium Fixed Rate 3 Year – Principal & Interest #

    3.50 % p.a. (Owner occupier)4.25 % p.a. (Comparison rate*)

    More info
  • Equity Line of Credit

    5.31 % p.a. (Owner occupier) % p.a. (Comparison rate*)

    More info
Offset account>< Free redraw available>| Flexible payments without penalty No monthly account keeping fees No establishment fees Interest only option Available for construction Split loan available Further advances Max LVRΔ
Owner Occupier
Up to $15,0005 Available Available Available Not Available Different rate/conditions apply Different rate/conditions apply Available Available 90 %
Up to $15,0003 Available Available Available Not Available Different rate/conditions apply Different rate/conditions apply Available Available 90 %
Up to $15,0003 Available Available Available Not Available Different rate/conditions apply Different rate/conditions apply Available Available 90 %
Available Available Available Available Not Available Different rate/conditions apply Different rate/conditions apply Available Available 95 %
Not Available Available Up to $5,000 extra repayments during fixed term>> Available Not Available For fixed term only Available Not Available 95 %
Not Available Available Up to $5,000 extra repayments during fixed term>> Available Not Available For fixed term only Available Not Available 95 %
Up to $50,000>|> Available Up to $50,000 extra repayments during fixed term>> Available Not Available For fixed term only Available Not Available 95 %
Up to $50,000>|> Available Up to $50,000 extra repayments during fixed term>> Available Not Available For fixed term only Available Not Available 95 %
Not Available Not Available Available Available Not Available Available Not Available Available 80 %

Important information Important information Show content

Rates current as at 25 Mar 2020 and subject to change.

Your loan contract will state the minimum monthly repayment amount. You can arrange with us to make repayments on a weekly or fortnightly basis.

Loans are issued by Credit Union Australia Ltd ABN 44 087 650 959 AFSL and Australian Credit License 238317 to approved applicants only. Lending criteria, terms, conditions, fees and charges apply. Ask us for details.

The "Choose your own CUA home loan" tool is an indication only. Results do not represent pre-qualification for a home loan.

* 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.

>< Offset is not available on all home loan products. You must maintain a minimum balance of $500 in each offset account to obtain the benefit of the offset from that account. Your offset account will not earn any interest.

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

Δ Maximum Loan to Value Ratio (LVR) is inclusive of Lenders Mortgage Insurance (LMI) where applicable. Maximums based on standard security. Lower LVR limits apply for non-standard security types.

>> A daily transfer will refund any amounts paid in advance in excess of the total advance repayments allowed during the fixed rate period (being $50,000 for Premium Fixed and $5,000 for Fixed) unless sufficient to pay out the loan in full (in which case an Early Payout Fee may apply). Excess funds will be transferred to the nominated deposit account, which must remain open for the fixed rate period.

# On expiration of the fixed period, loan reverts to the relevant Standard Variable Principal & Interest repayment rate.