Featured Home Loan

Standard Variable Rate Home Loan - Principal & Interest - Owner Occupied☉︎§︎

Interest rate




Comparison rate




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

Available with our Home Loan Package

Get a discount off your rate for the life of the loan - and big fee savings! Annual package fee and conditions apply.

Unlimited additional repayments and redraw those extra repayments

Speak to our Home Lending Specialists on how you can do this!

Standard Variable Rate Home Loan interest rates

Product NameInterest RateComparison rate
Standard Variable Rate Home Loan - Principal & Interest - Owner Occupied☉︎§︎7.24% p.a.7.29% p.a.
Standard Variable Rate Home Loan - Interest Only - Owner Occupied#§︎9.39% p.a.8.37% p.a.
Standard Variable Rate Home Loan - Principal & Interest - Investment§︎7.49% p.a.7.54% p.a.
Standard Variable Rate Home Loan - Interest Only - Investment#§︎7.54% p.a.7.56% p.a.




Application Fee


Monthly Fee


Redraw Fee


Other fees and charges may apply. This is general advice only and you should consider the terms and conditions before determining whether any of our products are suitable to your situation.

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

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.

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.

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

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

Apply online


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.

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.

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

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’.

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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


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 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.


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.


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.