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Featured Home Loan

Low Deposit Variable Home Loan Package Special Offer - Principal & Interest - Owner Occupied☉︎§︎

Interest rate

6.74

%

p.a.

Comparison rate

7.1

%

p.a.

Application fee

$0

Redraw fee

$0

Don’t quite have your deposit ready? Great news! If you’re a first home buyer or don’t have large deposit you may be eligible for our range of Low Deposit Home Loans.

What does this mean?

You could potentially borrow up to 97% of the value of your chosen home. This could save you years of trying to put together a bigger deposit.

Plus, receive a low rate as part of our range of Low Deposit Home Loans.

Eligibility

To be eligible for one of our Low Deposit Home Loans you must be:

  • Borrowing at least $150,000
  • Have 5% of the value of the property in savings plus purchase costs.

To calculate the purchase costs, check out our buying and selling costs calculator so you have an idea.

Lenders Mortgage Insurance

It’s important to keep in my mind that you will need to pay Lenders Mortgage Insurance (LMI) if you take out any of our Low Deposit Home Loans. LMI is a fee when your Loan to Value Ratio (LVR) is over 80%, and it's usually added to your total loan amount, so you don't have to pay it out of pocket.

Quick and easy application

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

We can come to you!

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

FREE CoreLogic RP Data property reports

Flexible home loan repayment options

Weekly, fortnightly or monthly

Low Deposit Home Loans

Product NameInterest RateComparison rate
Low Deposit Variable Home Loan Package Special Offer - Principal & Interest - Owner Occupied☉︎§︎6.74% p.a.7.10% p.a.
Fixed Rate Package - 1 Year - Principal & Interest - Owner Occupied☉︎#§︎6.64% p.a.6.74% p.a.
Fixed Rate Package - 2 Year - Principal & Interest - Owner Occupied☉︎#§︎6.19% p.a.6.68% p.a.
Fixed Rate Package - 3 Year - Principal & Interest - Owner Occupied☉︎#§︎5.99% p.a.6.61% 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.

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.

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

Conditions, fees and lending criteria apply and are available on request

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.

Generate a Home Loans Key Facts Sheet (HLKFS) on our website.

A Home Loans Key Facts Sheet (HLKFS) will provide you with information about our standard home loans that you can compare with other financial institutions. To generate one you'll need to select the home loan product type and enter the loan amount and loan term.

You can apply for a home loan through any of the following methods:

Apply online

Or,

It will depend on the type of home loan you choose as to whether an annual fee applies. However, no monthly fees apply to our home loans. Visit our Home Loan Fees Information Page to find out more.

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.

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.

Yes, our Personal Loans offer flexible repayment options, no fees for extra repayments, and no fees for early repayment of loan in full.

We've teamed up with Emma from The Broke Generation to share four top tips to help you level up your first home buying game!

Our Award Winning Home Loans

Mozo Expert Choice Awards

We’re excited to announce that we’ve been named Australia’s Best Credit Union by the experts at mozo.com.au in their 2022 Mozo Experts Choice Awards for Australia’s Best Banking.
Read more

We were excited to be named Australia’s Best Small Credit Union for 2020 in the Mozo Expert Choice Awards. Our Variable Home Loan Package Special Offer has also won Best Packaged Home Loan at Mozo’s 2020 Expert Choice Awards. Visitwww.mozo.com.au for more information on Credit Union SA's awards.

  • 2020 Mozo Expert Choice Awards - Best Small Credit Union
  • 2020 Mozo Expert Choice Awards - Best Packaged Home Loan

Read more

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

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

☉︎

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.

§︎

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.

#

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.