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Home Loans

 

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 7 November 2018 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.

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Which home loan suits me?

Which home loan suits me? Hide

$
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 – Principal & Interest 1,3

    3.75 % p.a. (Owner occupier)3.80 % p.a. (Comparison rate*)

    More info
  • Accelerate Variable – Principal & Interest 2

    3.79 % p.a. (Owner occupier)3.84 % p.a. (Comparison rate*)

    More info
  • Fresh Start Variable – Principal & Interest

    4.51 % p.a. (Owner occupier)4.52 % p.a. (Comparison rate*)

    More info
  • Fresh Start Basic Variable – Principal & Interest 4

    4.32 % p.a. (Owner occupier)4.33 % p.a. (Comparison rate*)

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

    3.89 % p.a. (Owner occupier)5.04 % p.a. (Comparison rate*)

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

    3.87 % p.a. (Owner occupier)4.92 % p.a. (Comparison rate*)

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

    4.01 % p.a. (Owner occupier)5.06 % p.a. (Comparison rate*)

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

    3.99 % p.a. (Owner occupier)4.96 % p.a. (Comparison rate*)

    More info
  • Equity Line of Credit

    5.56 % 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 $15,0003 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 %
Available Available Available Available Available Different rate/conditions apply Different rate/conditions apply Available Available 95 %
Not Available Available Available Available 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 %

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Important information Important information Show content

Rates, including the rates by which loans are discounted, are current as at 7 November 2018 and subject to change.

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.

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

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.

>< 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.

>> 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.

>|> For Premium Fixed Home Loans, any amount in excess of $50,000 in offset accounts will not be taken into account when calculating interest.

1 Achieve Variable is available to new to CUA home loans only. Minimum loan amount $100,000. Not available for switching or restructuring of existing CUA home loans or to applicants for another CUA home loan fully approved prior to 7/11/2018. Maximum LVR limits apply based on standard security types. Published interest rates and discounts available and applicable to home loans submitted on or after 7/11/2018. Interest rates and discounts may vary by loan purpose (owner occupied and investment) and by repayment type (principal and interest, interest only and construction loans). The discounts specified in your loan contract will not change for the life of the loan provided you do not vary your loan contract. If you vary your loan (for example, changing the loan purpose or repayment type), the rates and discounts may change.

2 Available to new 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 04/07/2018 . Rates vary by repayment type (principal and interest vs interest only) and construction loans.

3 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 Achieve Variable home loan when calculating interest is $15,000. Offset account balances in excess of $15,000 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.

4 Loan Establishment fee of $600 waived for new Fresh Start Basic Variable Owner Occupier applications applied from 18 Jul 2017 until offer withdrawn. Security administration fee and other fees may apply.

5 Security administration fee ($195) and other fees may apply.