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Home Loan Package

Save on fixed rate and variable rate home loans with a Credit Union SA Home Loan Package. No application or settlement fees and benefits across other products.

Featured Home Loan

Variable Home Loan Package ≤70% Special Offer - Principal & Interest - Owner Occupied☉︎§︎

Interest rate

6.04

%

p.a.

Comparison rate

6.41

%

p.a.

Redraw fee

$0

The Credit Union SA Home Loan Package offers a fantastic collection of benefits across our Home Loans, Visa Credit Card, Personal Loans, Term Deposits and more.

Home loan savings

  • Big rate reductions – save on Fixed Rate Home Loans and Variable Rate Home Loans
  • No application fee – save $600
  • No settlement fee – save $150
  • No top-up fee or renegotiation fee – save $300 each
  • Annual package fee of $395.

Savings on other products

Plus, as a Credit Union SA member you receive:

Home Loan Offset Account

Home Loan Offset Accounts are available with selected Credit Union SA Variable Rate Home Loans. This offers all the convenient day-to-day banking features you need, but with the huge added advantage of also lowering the amount of interest you pay on your eligible variable rate home loan.

Here's how it works

Let’s say your variable rate home loan balance is $250,000. If you link your Home Loan Offset Account with a balance of $50,000 to your home loan, you will only be charged interest on your home loan based on a $200,000 balance. Over the life of the loan it could save you thousands. Home Loan Offset Accounts are available with selected Credit Union SA Variable Rate Home Loans.

Quick and easy application

Our paperless application makes it simple for you to apply online, over the phone or in person.

FREE CoreLogic RP Data property reports

To assist you in your search for the perfect property.

Flexible home loan repayment options

Weekly, fortnightly or monthly.

Redraw extra home loan repayments

Any time, and at no cost.

Variable Special Offer Home Loan for Owner Occupied and Investment Home Loans

Product NameInterest RateComparison rate
Variable Home Loan Package ≤70% Special Offer - Principal & Interest - Owner Occupied☉︎§︎6.04% p.a.6.41% p.a.
Variable Home Loan Package Special Offer - Principal & Interest - Owner Occupied#^☉︎6.14% p.a.6.51% p.a.
Variable Home Loan Package Special Offer - Principal & Interest - Investment#☉︎6.19% p.a.6.56% p.a.
Variable Home Loan Package Special Offer - Interest Only - Investmentµ︎#☉︎6.24% p.a.6.78% p.a.

Special Offer Low Deposit Variable Home Loan Package

Product NameInterest RateLVRComparison rate
Low Deposit Variable Home Loan Package Special Offer - Principal & Interest - Owner Occupied★︎☉︎6.74% p.a.0.00% - 97.00%7.10% p.a.

Owner Occupied Fixed Home Loan Package

Product NameInterest RateComparison rate
Fixed Rate Package - 1 Year - Principal & Interest - Owner Occupied★︎^☉︎6.64% p.a.6.74% p.a.
Fixed Rate Package - 1 Year - Interest Only - Owner Occupiedµ︎★︎☉︎7.44% p.a.6.82% p.a.
Fixed Rate Package - 2 Year - Principal & Interest - Owner Occupied★︎^☉︎6.19% p.a.6.68% p.a.
Fixed Rate Package - 2 Year - Interest Only - Owner Occupiedµ︎★︎☉︎6.99% p.a.6.82% p.a.
Fixed Rate Package - 3 Year - Principal & Interest - Owner Occupied★︎^☉︎5.99% p.a.6.61% p.a.
Fixed Rate Package - 3 Year - Interest Only - Owner Occupiedµ︎★︎☉︎6.79% p.a.6.82% p.a.

Investment Variable Home Loan Package

Product NameInterest RateComparison rate
Variable Home Loan Package - Principal & Interest - Investment★︎☉︎6.59% p.a.6.95% p.a.
Variable Home Loan Package - Interest Only - Investmentµ︎★︎☉︎6.64% p.a.6.95% p.a.

Investment Fixed Home Loan Package

Product NameInterest RateComparison rate
Fixed Rate Package - 1 Year - Principal & Interest - Investment★︎☉︎6.89% p.a.6.98% p.a.
Fixed Rate Package - 1 Year - Interest Only - Investmentµ︎★︎☉︎6.94% p.a.6.98% p.a.
Fixed Rate Package - 2 Year - Principal & Interest - Investment★︎☉︎6.44% p.a.6.92% p.a.
Fixed Rate Package - 2 Year - Interest Only - Investmentµ︎★︎☉︎6.49% p.a.6.92% p.a.
Fixed Rate Package - 3 Year - Principal & Interest - Investment★︎☉︎6.24% p.a.6.85% p.a.
Fixed Rate Package - 3 Year - Interest Only - Investmentµ︎★︎☉︎6.29% p.a.6.85% p.a.

Fees

Fee

Amount

Application Fee

$0

Redraw Fee

$0

Package Fee

$395

Other fees and charges may apply.

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.

Apply now

Don’t have time to visit us? No problem. We can come to you!

Simply book an appointment with one of our Mobile Lending Managers at a time and place that suits you.

Make an appointment

FREQUENTLY ASKED QUESTIONS
View all Loans FAQs

The Credit Union SA Home Loan Package is designed to help you save money. It offers a fantastic collection of bundled benefits across Home Loans, Visa credit cards, Personal Loans, Transaction Accounts, Term Deposits and more.

Refinancing is when you move your home loan from one lender to another. You might do this to get a better interest rate, better loan features, better service… any reason at all really! Be careful though, as there may be some Help me refinance my Home Loan.

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.

Struggling to save up enough of a deposit to buy your first home or first investment property? Then our Family Guarantee could be just the thing to get you into a place you can call your own. Our Family Guarantee enables first home buyers with limited savings to enter the property market sooner*.

Here's how it works – If your parents or other family members have equity in their home, investment property or have a Term Deposit with Credit Union SA, you can use that equity or investment to guarantee a portion of your loan.

Which family members can provide a Family Guarantee?

  • Parents
  • Parents-in-law
  • Step-parents

Credit Union SA will consider the provision of guarantees by other immediate family members where a guarantee from the above-mentioned family members would not be appropriate.

When can a Family Guarantee be used?

Guarantees from family members can only be provided to assist first home buyers/investors to:

  • purchase a new property;
  • purchase an established property;
  • build a new home.

Where a borrower is entitled to a government grant, the entitlement will not be affected by the provision of a Family Guarantee. Family Guarantees will not usually be accepted by the Credit Union where offered to support borrowings for a second/subsequent property or for any other purpose.

To find out more about leveraging the equity in Mum and Dad's home so you can get into yours, have an obligation-free chat with one of our experienced staff, Mobile Managers or download our guide.

Download our Family Guarantee Guide

*Subject to responsible lending criteria.

Providing you redraw a minimum of $500 at a time, you can redraw excess funds at any time for no fees. To find out more visit the Compare Home Loans page.

You certainly can, and on Variable Rate Home Loans you can make an unlimited amount of extra payments without penalty. For Fixed Rate Home Loans, there are limits as to how much extra you can put in. To find out more visit the Compare Home Loans page.

We offer Home Loan Offset Accounts on our Standard Variable Rate Home Loans and variable loans under a Home Loan Package. To find out more visit the Compare Home Loans page.

To check the current Home Loan rates on the different loans available, visit our rates page.

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.

Home Loan Calculators

We’ve got you sorted with a number of handy calculators that will help you work out exactly what you’ll need to do to achieve your financial goals, whether that be borrowing money, making repayments, or creating a savings plan.

Calculate now

Our Award Winning Home Loans

2020 Mozo Expert Choice Awards

We’re excited to announce that we’ve taken out top honours in the Mozo Expert Choice Awards to be named Australia’s Best Small Credit Union for 2020.

  • 2020 Mozo Expert Choice Awards - Best Small Credit Union
  • 2020 Mozo Expert Choice Awards - Best Packaged Home Loan
  • 2018 Canstar – a 5-Star Rating for Outstanding Value
  • 2018 Mozo Experts Choice
  • 2017 Mozo Experts Choice
  • 2016 Mozo Experts Choice

Read more

2022 RateCity Gold Awards

We are pleased to announce that we were awarded the Best 5-year Fixed Home Loan for our Home Loan Package and the Best Investor 5-year Fixed Principal and Interest Loan for the Home Loan Package. The RateCity Gold awards celebrate lenders that offer consistently competitive products to Australian consumers.

Australia’s Best Digital Bank 2020

We have been recognised as Australia’s ‘Best Digital Bank’ for non-major banks at the 2020 DBM Australian Financial Awards. This award acknowledges the hard work of our teams and vendors in delivering the best digital experience to our members.

Credit Union SA had the highest average satisfaction rating of mobile and online banking from their members over January 2019 through December 2019, which is why we were awarded Australia’s ‘Best Digital Bank’.

Read more

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.

Learn more about us

INFORMATION YOU SHOULD KNOW

We do not charge any fees when using ATMs within Australia. However, some ATM operators may charge a fee to process your transaction or balance enquiry. If withdrawing cash overseas a fee may be charged by the ATM operator and the details will be disclosed at the time of the transaction or enquiry. Other fees and charges may apply.

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

Visit www.mozo.com.au for more information on Credit Union SA's awards.

☉︎

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.

§︎

The Variable Home Loan Package <= 70% Special offer requires minimum new borrowings of $150,000 or more where the loan to value ratio is 70% or less. Annual package fee of $395 applies.

#

The Variable Home Loan Package Special offers require minimum new borrowings of $150,000 or more where the loan to value ratio is 80% or less. Annual package fee of $395 applies.

^

Available for Family Home Guarantee (FHG) and First Home Guarantee (FHBG) participants who meet the scheme eligibility requirements of Housing Australia Scheme Loans. Interest Only only available for construction, after your construction period your loan will revert to principal and interest.

µ︎

Interest only interest rates apply when you request to only repay interest charges on your loan. Interest only is only available where the loan to value ratio is 80% or less. For construction loans, you will only be charged interest only rates if, after your constructions period, your repayments will not be principal and interest repayments.

★︎

Available where the loan to value ratio is 97% or less, including capitalised LMI. For package loans, minimum loan amount of $150,000 and an annual package fee of $395 applies.