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Fee Amount
Application Fee
Payable when you apply for a home loan. This fee does not apply for discounted home loan applications and when you take out a new loan that is linked to a Home Loan Package$600
Monthly Fee
None of our home loans have a monthly fee$0
Redraw Fee
We don't charge for redraws from your home loan$0
Package Fee
Payable annually in advance for each year that you maintain a Home Loan Package$395
Top-Up Fee
Payable when you apply to increase (top-up) an existing loan. This fee does not apply for discounted home loan applications and when you increase an existing loan that is linked to a Home Loan Package$300
Early Repayment Adjustment
Payable if you have a fixed rate loan and, during any fixed rate period, you repay your loan in full, make extra repayments in excess of $10,000 per annum or switch (with our permission) to a variable rate or another fixed rate. Refer to our Early Repayment Adjustment Fact Sheet for details on how we calculate this feeCalculated at the time of the ‘break event’
Lenders’ Mortgage Insurance (LMI)
Payable if we require Lenders’ Mortgage Insurance to protect the Credit Union against the possibility of you defaulting on the loan. LMI is generally required if you need to borrow more than 80% of the value of the property. This is not a Credit Union SA feeAt cost
Mortgage Discharge Fee
Payable when you request us to discharge the Credit Union’s mortgage on your security property$350 per mortgage
Arrears Fee
Payable whenever we send you a letter because you do not make a repayment in full on or before the date it is due and the default continues for three days or more.
Letter 1 – arrears 3 to  10 days
Letter 2 – arrears 11 to  18 days
Letter 3 – arrears 19 to  26 days
Letter 4 – arrears 27 days or more
First letter$0
Subsequent letters$10
Progress Payment Fee
Payable for new construction loans where the loan is to be funded by a series of progressive draw-downs. This fee is payable in addition to the initial valuation fee and covers as many progressive payments as required to complete the construction$300
Lands Title Search (LTO) Fees
Payable to the South Australian Government for each search we are required to perform on a security property. This is not a Credit Union SA feeAt cost
Rate Lock Fee
Payable if you choose to lock in your interest rate on a fixed rate loan for up to 90 days prior to the funding of the loan0.15% of the loan amount
Registration Fee
Payable to the South Australian Government each time that a mortgage, discharge of mortgage or other transaction is registered on a property title. This is not a Credit Union SA fee$157 per registration
Renegotiation Fee
Payable each time you request and we approve a significant change to the features of your existing loan. For example, if you request to switch from a variable to fixed interest rate, principal and interest to interest only repayments, change from one loan type to another or to substitute a security. This fee is not payable for loans linked to the Home Loan Package$300
Security Handling Fee
Payable each time you request us to produce or consent to a dealing affecting the title of a property we hold as security$150
Settlement Fee
Payable when we fund a new loan, when we or our representative attends settlement. This fee is not payable for loans linked to the Home Loan Package$150
Solicitor's Fee
Payable if complex loan documentation is required (for example, where a trust investigation is required) and we engage the services of an external solicitor to assist with preparation of the loan documentation. Solicitor’s fees are passed directly to members at cost. This is not a Credit Union SA feeAt cost
Valuation Fee
Payable if we require a valuation of the property to be offered as security. Credit Union SA engages licensed third party valuers to perform valuations and passes valuation fees directly to members at cost. This is not a Credit Union SA feeAt cost