Interest rate *
2.19 % p.a.
Comparison rate *
2.63% % p.a.
Additional repayment fees *
Redraw fees *
As the name suggests, variable rates aren’t fixed and neither is your minimum repayment. When the rate drops, you pay a little less. When it goes up, you pay a little more.
The rate isn’t the only flexible ingredient, though. Our variable rate home loans also offer many convenient features to help you pay off your loan sooner.
Standard Variable Rate Home Loan
Our Standard Variable Rate Home Loan is ideal for those seeking significant flexibility. As you can see from the features list, it puts some seriously valuable interest-saving options at your disposal.
Quick and easy application
Our paperless application makes it simple for you to apply online, over the phone or in person.
Links to our Home Loan Offset Account
Unlimited fee-free additional repayments and redraw those extra repayments
Any time, and at no cost.
Variable Special Offer Home Loan for Owner Occupied and Investment Home Loans
|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.|
|Variable Home Loan Package - Special Offer - with cashback - Principal & Interest - Owner Occupied☉︎§︎#★︎☆︎||2.44% p.a.||2.88% p.a.|
|Variable Home Loan Package - Special Offer - with cashback - Interest Only - Owner Occupied☉︎§︎♠︎#★︎||3.04% p.a.||3.46% p.a.|
|Discounted Variable Rate Home Loan - Principal & Interest - Owner Occupiedµ︎☉︎§︎^★︎||2.19% p.a.||2.21% p.a.|
|Discounted Variable Rate Home Loan - with cashback - Principal & Interest - Owner Occupied☉︎§︎^★︎☆︎||2.44% p.a.||2.46% p.a.|
|Discounted Variable Rate Home Loan - Interest Only - Owner Occupied♠︎µ︎☉︎§︎^★︎||3.04% p.a.||3.06% p.a.|
Special Offer Low Deposit Variable Home Loan Package
|Product Name||Interest Rate||LVR||Comparison rate|
|Low Deposit Variable Home Loan Package Special Offer - Principal & Interest - Owner Occupied☉︎#♙︎µ︎★︎||2.34% p.a.||0.00% - 95.00%||2.78% p.a.|
|Low Deposit Variable Home Loan Package Special Offer - Principal & Interest - Investment☉︎µ︎★︎||2.34% p.a.||0.00% - 90.00%||2.78% p.a.|
Standard Variable Rate Home Loan interest rates
|Product Name||Interest Rate||Comparison rate|
|Standard Variable Rate Home Loan - Principal & Interest - Owner Occupied☉︎★︎||4.50% p.a.||4.56% p.a.|
|Standard Variable Rate Home Loan - Interest Only - Owner Occupied♠︎☉︎★︎||4.95% p.a.||5.01% p.a.|
|Standard Variable Rate Home Loan - Principal & Interest - Investment☉︎★︎||4.95% p.a.||5.01% p.a.|
|Standard Variable Rate Home Loan - Interest Only - Investment♠︎☉︎★︎||5.20% p.a.||5.26% 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.
You can apply for a home loan through any of the following methods:
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.
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.
§︎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.
☆︎Cashback 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.
♠︎Interest only interest rates apply when you request to only repay interest charges on you loan. For construction loans, you will only be charged interest only interest rates if, after your construction period, your repayments will not be principal & interest repayments.
♙︎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.
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