Fixed rate *
2.19 % p.a.
Comparison rate *
2.63 % p.a.
Application fee *
Monthly fee *
So, you’re thinking about choosing the Reduced Rate Home Loan Special Offer1 over the $2,500 Cashback2 Home Loan Special Offer? Nice work!
Here’s everything you need to know about our reduced rate offer and home loans.
To be eligible for the reduced rate1 offer you must be:
- Refinancing your home or investment property from another financial institution to us with over $150,000 left on the loan, and with a loan to value ratio (LVR) of 80% or less; or
- Buying or building a home or investment property, borrowing at least $150,000 with a LVR of 80% or less.
Quick and easy application
Our paperless application makes it simple for you to apply online, over the phone or in person.
Cashback or reduced rate
Choose between a $2,500 cashback2 or a reduced rate1.
No loan application fees or monthly fees
You won’t be stung with any hidden fees.
Flexible repayment options
Weekly, fortnightly or monthly.
Reduced rate offer home loan options
|Product Name||Interest Rate||Comparison rate|
|Variable Home Loan Package - Special Offer - Principal & Interest - Owner Occupied☉︎§︎#^µ︎★︎||2.19% p.a.||2.63% p.a.|
|Discounted Variable Rate Home Loan - Principal & Interest - Owner Occupiedµ︎☉︎§︎^★︎||2.19% p.a.||2.21% p.a.|
|Variable Home Loan Package - Special Offer - Principal & Interest - Investmentµ︎☉︎§︎#★︎||2.19% p.a.||2.63% p.a.|
|Discounted Variable Rate Home Loan - Principal & Interest - Investment☉︎★︎||2.19% p.a.||2.21% p.a.|
Start your application now
For a home loan that makes you feel at home – get in touch with us today.
Start your home loan application online anytime, anywhere.
Details you’ll need to have handy:
- your income and living expense details
- information about what you own and what you owe.
We’ll call you back within 48 hours to talk you through the next steps.
Buying your first home can be both exciting and overwhelming.
After all, it’s your first step onto the property ladder and quite possibly your first major investment.
It’s also an expensive and time-consuming process. So even though this is your first house, you should try to ensure that you’ll be happy in it for as long as possible. We have created this guide to help you do exactly that.
Borrowing Power Calculator
The Borrowing power calculator will determine what amount a lender may lend you based on your income and expenses.
Loan Comparison Calculator
Compare two different loans using their individual honeymoon rates, upfront fees, monthly fees and discharge fees.
The credit union difference
At Credit Union SA, we offer all the same services as a bank but with one very important difference - our highest priorities are our members and our community.
FREQUENTLY ASKED QUESTIONSView all Loans FAQs
The reduced rate offer is available on home loans for a new house, an existing property, a block of land, an investment property or if you’re switching (refinancing) to us from somewhere else, provided you meet the eligibility criteria.
Yes, the reduced rate offer is available to investors, provided you meet the eligibility criteria.
No, the reduced rate offer isn’t available with Interest Only loans.
No, we’re giving you the opportunity to choose one or the other based on what best suits your needs.
You can apply for a home loan through any of the following methods:
The LVR is the loan amount as a percentage of the total value of the property. For example, if you are borrowing $280,000 to purchase a house valued at $350,000 then your LVR is 80%. The maximum LVR that you can borrow up to depends on several factors including the type of loan, the loan amount that you’re applying for and your capacity to make repayments.
When you're buying or building a home or apartment you intend to live in, it's called an owner occupied property. This includes holiday homes that you don’t rent out and purchases of land on which you intend to build on, to live in. When you're applying for a home loan, you'll need to specify whether you're applying for an owner occupied loan or an investment loan. This distinction can change the interest rate options and loan features available to you.
GUIDES AND NEWS
You can contact us by calling us, visiting us, making an appointment, or using Secure Mail.
We’re here to answer any questions you might have – make sure you have your Access Code ready!
400 King William Street, Adelaide has self-service options available to make your life easier.
Mobile Lending Managers
Our Mobile Lending Managers can help our members by phone or email, with video calls now available.
INFORMATION YOU SHOULD KNOW
☉︎Conditions, fees and lending criteria apply and are available on request. Comparison rates are based on a $150,000 secured loan for 25 years. WARNING: These comparison rates are 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.
§︎You must hold, or be approved for, total Package borrowings of at least $150,000. Conditions and annual package fee of $395 applies.
#This offer is available on new loans with minimum new borrowings of $150,000. Bridging and construction loans are not eligible for this offer.
^This offer is available on new loans with minimum new borrowings of $150,000. Bridging loans are not eligible for this offer.
µ︎Offer available on new loans with minimum new borrowings of $150,000 where the LVR is 80% or less and no cashback is taken. Not available on fixed rate special offers and bridging loans.
★︎Offers valid as at 07/01/2022 are limited and may be withdrawn or altered at any time without notice. Interest rates are subject to change.
1Offer available on new loans with minimum new borrowings of $150,000 where the LVR is 80% or less and no cashback is taken. Not available on fixed rate special offers and bridging loans.
2Cashback offer available on any owner-occupied or investment loan with minimum new borrowings of $250,000 where the loan to value ratio is 80% or less. Funds available at settlement, except in the case of construction loans where cashback will be paid on confirmation that the foundation has been poured. Limit of one cashback per household. Not available on fixed rate special offers and bridging loans.
The target market for this product can be found within the product’s Target Market Determination (TMD), available at creditunionsa.com.au/legal/terms-and-conditions/target-market-determination