Interest rate *

2.44

%

p.a.

Comparison rate *

2.88

%

p.a.

Additional repayment fees *

$0

Redraw fees *

$0

Variable Home Loan Package - where no cashback is taken - Principal & Interest - Owner Occupied☉︎§︎#^µ︎★︎
*For more information on the rates, fees and charges that can apply please refer to our important information below. 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.

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.

Limited Time Offer
Plus, for a limited of time we’re letting you choose between a $2,500 cashback1 or a reduced rate2 when you take out an eligible home loan with us.
Find out more.

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 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 NameInterest RateComparison rate
Variable Home Loan Package - where no cashback is taken - Principal & Interest - Owner Occupied☉︎§︎#^µ︎★︎☆︎2.44% p.a.2.88% p.a.
Variable Home Loan Package - where no cashback taken - Principal & Interest - Investmentµ︎☉︎§︎#★︎2.69% p.a.3.12% p.a.
Discounted Variable Rate Home Loan - where no cashback is taken - Principal & Interest - Owner Occupiedµ︎☉︎§︎^★︎☆︎2.54% p.a.2.56% p.a.
Discounted Variable Rate Home Loan - where no cashback is taken - Principal & Interest - Investment☉︎★︎2.79% p.a.2.81% p.a.
Variable Home Loan Package - Special Offer - Principal & Interest - Owner Occupied☉︎§︎#★︎♠︎☆︎2.69% p.a.3.12% p.a.
Variable Home Loan Package - Special Offer - Principal & Interest - Investment☉︎§︎#★︎2.94% p.a.3.36% p.a.
Variable Home Loan Package - Special Offer - Interest Only - Owner Occupied☉︎§︎♙︎#★︎☆︎3.04% p.a.3.46% p.a.
Variable Home Loan Package - Special Offer - Interest Only - Investment♙︎☉︎§︎#★︎3.04% p.a.3.46% p.a.
Discounted Variable Rate Home Loan - Special offer - Principal & Interest - Owner Occupied☉︎§︎^★︎♠︎☆︎2.79% p.a.2.81% p.a.
Discounted Variable Rate Home Loan - Special offer - Principal & Interest - Investment☉︎^★︎♠︎3.04% p.a.3.06% p.a.
Discounted Variable Rate Home Loan - Special offer - Interest Only - Owner Occupied☉︎§︎♙︎^★︎☆︎3.04% p.a.3.06% p.a.
Discounted Variable Rate Home Loan - Special offer - Interest Only - Investment♙︎☉︎^★︎♠︎3.04% p.a.3.06% p.a.
Discounted Variable Rate Home Loan LVR 85% Special offer - Principal & Interest - Owner Occupied☉︎★︎♇︎2.45% p.a.2.47% p.a.
Discounted Variable Rate Home Loan LVR 85% Special offer - Principal & Interest - Investment☉︎★︎♇︎2.70% p.a.2.72% p.a.
Variable Home Loan Package LVR 85% Special offer - Principal & Interest - Owner Occupied☉︎§︎★︎♇︎2.35% p.a.2.79% p.a.
Variable Home Loan Package LVR 85% Special Offer - Principal & Interest - Investment☉︎§︎★︎♇︎2.60% p.a.3.03% 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☉︎#♆︎µ︎★︎☆︎2.59% p.a.0.00% - 97.00%3.02% p.a.
Low Deposit Variable Home Loan Package Special Offer - Principal & Interest - Investment☉︎µ︎★︎2.84% p.a.0.00% - 90.00%3.26% p.a.

Standard Variable Rate Home Loan interest rates

Product NameInterest RateComparison rate
Standard Variable Rate Home Loan - Principal & Interest - Owner Occupied☉︎♠︎♄︎☆︎4.75% p.a.4.81% 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☉︎♠︎♄︎5.45% p.a.5.51% p.a.
Standard Variable Rate Home Loan - Interest Only - Investment☉︎♙︎♠︎5.20% p.a.5.26% p.a.

Fees

Fee

Amount

Application Fee

$600

Monthly Fee

$0

Redraw Fee

$0

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

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.

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

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

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.

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.

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

Apply online

Or,

The cashback offer is available on all our home loans, provided you meet the eligibility criteria.

The reduced rate offer is only available on our Discounted Variable Rate Home Loan and our Variable Home Loan Package.

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.

Great news! There are no monthly fees with any of our Home Loans. We have a home loan to suit just about any need you might have so the application fee will depend on the type of loan or loan package you select.

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.

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.

µ︎

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 29/06/2022 are limited and may be withdrawn or altered at any time without notice. Interest rates are subject to change.

☆︎

Available for Family Home Guarantee (FHG) and First Home Guarantee (FHBG) participants who meet the scheme eligibility requirements of NHFIC Scheme Loans. Credit Union SA First Home Buyers Grant is not available on NHFIC Scheme loans. Interest Only only available for construction, after your construction period your loan will revert to principle and interest

♠︎

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 your loan. Interest only are 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 construction period, your repayments will not be principal and interest repayments.

♇︎

Requires minimum new borrowings of $500,000 or more where the loan to value ratio is 85% or less for owner-occupied loans or investment loans.

♆︎

Requires minimum new borrowings of $150,000 or more where the loan to value ratio is 97% or less, including capitalised lenders mortgage insurance (LMI), for owner-occupied or investment loans. This offer is limited and may be withdrawn at any time.

♄︎

Available where the loan to value ratio is 97% or less, including capitalised LMI, for owner occupied or investment loans

2

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