Interest rate *
2.34 % p.a.
Comparison rate *
2.78 % p.a.
Application fee *
Monthly Fee *
Don’t quite have your deposit ready?
What does this mean?
You could potentially borrow up to 95% of the value of your chosen home, or up to 90% of the value if you're buying or building an investment property. 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.
To be eligible for one of our Low Deposit Home Loans you must be:
- Borrowing at least $150,000.
- Part of the South Australian Education Community, SA Power Networks or a first home buyer.
First home buyers might also be eligible for our $5,000 First Home Buyers Grant1, which is available whether you’re buying a home to live in, or as an investment!
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.
Low Deposit Home Loans
|Product Name||Interest Rate||Comparison rate|
|Low Deposit Variable Home Loan Package Special Offer - Principle & Interest - Investment☉︎§︎#^||2.34% p.a.||2.78% p.a.|
|Low Deposit Variable Home Loan Package Special Offer - Principle & Interest - Owner Occupier☉︎µ︎★︎§︎#^||2.34% p.a.||2.78% p.a.|
|Fixed Rate Package - 1 Year - Special Offer - Principle & Interest - Owner Occupier☉︎☆︎µ︎#^||2.59% p.a.||3.64% p.a.|
|Fixed Rate Package - 2 Year - Special Offer - Principle & Interest - Owner Occupier☉︎☆︎µ︎#^||2.59% p.a.||3.58% p.a.|
|Fixed Rate Package - 3 Year - Special Offer - Principle & Interest - Owner Occupier☉︎☆︎µ︎#^||2.59% p.a.||3.53% 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.
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.
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.
Our Variable Home Loan Package Special Offer has also won Best Packaged Home Loan at Mozo’s 2020 Expert Choice Awards.
- 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
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’.
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
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:
Lending criteria, fees and conditions apply. Offer is current as at 23/04/2018 and is subject to change. Minimum loan $250,000 to purchase or build a first home with a loan to value ratio over 80%. All loans that are eligible for the First Home Buyers Grant will be subject to pay Lenders’ Mortgage Insurance. To be eligible, applicants must not have previously owned residential property in Australia. Available to natural persons only (i.e. not a trustee or a company).
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.
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.
§︎Offer 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 27/07/2021 are limited and may be withdrawn or altered at any time without notice. Interest rates are subject to change.
^LVR=Loan to Value Ratio.
µ︎This offer is available on new loans with minimum new borrowings of $150,000. Bridging and construction loans are not eligible for this offer.
★︎Requires minimum new borrowings of $150,000 or more where the loan to value ratio is 95% or less for owner-occupied loans and 90% or less for investment loans. This offer is available only to first home buyers, Education Community members and Workplace Banking Benefits members. This offer is limited and may be withdrawn at any time.
☆︎You must hold, or be approved for, total Package borrowings of at least $150,000. Conditions and annual package fee of $395 applies.
Lending criteria, fees and conditions apply. Offer is current as at 27/07/2021 and is subject to change.
Minimum loan $250,000 to purchase or build a first home with a loan to value ratio over 80%. All loans that are eligible for the First Home Buyers Grant will be subject to pay Lenders’ Mortgage Insurance. To be eligible, applicants must not have previously owned residential property in Australia. Available to natural persons only (i.e. not a trustee or a company).
Download a copy of our Home Loan Interest Rates, Fees and Charges.
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