CUA Fresh Start Basic Variable Home Loan review

Only pay for the features you want with this basic home loan and enjoy no ongoing fees.

Don't pay for the extra features you don't want or won't use but keep a competitive interest rate. CUA’s Fresh Start Basic Variable Home Loan has no ongoing fees, flexible repayments and free redraw facilities.

CUA fee waiver for owner occupier lending

For a limited time, CUA will waive its $600 application fee for customers taking out an owner occupier Fresh Start Basic Variable Home Loan. The fee still applies for investor lending.

Interest Rate Max Insured LVR Max LVR
(Owner Occupier, IO)
4.67% p.a.
Comparison Rate
4.40% p.a.
80% 80%
(Owner Occupier, P&I)
4.32% p.a.
Comparison Rate
4.34% p.a.
95% 80%
Construction (Investor, Interest Only)
5.08% p.a.
Comparison Rate
5.14% p.a.
80% 80%
Construction (Owner Occupier, Interest Only)
4.32% p.a.
Comparison Rate
4.34% p.a.
90% 80%
Investor, IO
5.43% p.a.
Comparison Rate
5.29% p.a.
80% 80%
Investor, P&I
5.08% p.a.
Comparison Rate
5.14% p.a.
80% 80%
Product NameCUA Fresh Start Basic Variable Home Loan
Interest Rate TypeVariable
Comp Rate^ (p.a.)
Minimum Loan Amount$10,000
Maximum Loan Amount$5,000,000
Minimum Loan Term1 year
Maximum Loan Term30 years
Maximum LVR80%
Maximum Insured LVR95%
Mortgage Offset AccountNo
Mortgage 100% OffsetNo
Loan Redraw FacilityYes
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableYes
Suitable for InvestmentNo
Extra RepaymentYes
Available as equity loan/line of creditNo
Repayment TypePrincipal & Interest and Interest Only Options
Application Fee$600
Lender's Legal Fee$195
Valuation Fee$0
Ongoing Fees$0 p.a.
Settlement Fee$235
Discharge Fee$500


  • $0 monthly fees
  • $0 valuation fee
  • $600 application fee is waived for owner occupiers
  • Can make extra repayments to pay off the loan sooner


  • $500 discharge fee

Things to consider about the CUA Fresh Start Basic Variable Home Loan.

The CUA Fresh Start Basic Variable Home Loan is available to owner-occupiers and investors who are looking to purchase an existing property or build a new one.

Features of the CUA Fresh Start Basic Variable Home Loan.

  • Loan Amount. You can borrow from $10,000 up to $5,000,000 with this loan.
  • Loan Term. You can take out this loan for a period up to 30 years which allows plenty of time to pay off your home.
  • Maximum loan-to-value ratio (LVR). You cannot borrow more than 95% LVR with this loan which means you will need a deposit of at least 5%.
  • Investor LVR. New CUA customers borrowing for investment without accompanying owner-occupied lending a 80% maximum LVR applies, meaning you will need a deposit of at least 20%.
  • Repayment flexibility. Repayments can be setup to be weekly, fortnightly or monthly. You also have the ability to make extra repayments if you would like.
  • Interest-only repayment options. You can opt for interest-only repayments or stick to the principal and interest repayments.


There are no ongoing fees with this loan but below are some of the fees:

  • Application Fee: $600. This fee is for the processing of your application. For a limited time, CUA is waiving this fee for owner occupier loans (but not for investors).
  • Discharge Fee: $500. This fee applies when you close your loan accounts.
  • Security administration Fee: $195. A security administration fee applies when you establish the account.

How to apply for the CUA Fresh Start Basic Variable Home Loan

If this loan sounds like it could suit your needs, click on the green ‘Go to site’ or 'Enquire' button on this page. You will then be securely redirected to the CUA website or asked to fill out your details for a mortgage broker to contact you. On the CUA website you can then start the application process or just send an enquiry so a CUA banker can contact you.

To apply for this loan you will need to meet some eligibility requirements including:

  • Are you over 18 years of age?
  • Do you have a regular source of income?
  • Are you a resident of Australia?
  • Are you a new lending customer of CUA or are obtaining an additional lending of $50,000 or more?
  • Do you have a deposit of 20%?

Some the documents you'll be asked to supply during the application process are:

  • Personal details and contact details
  • Income information and employer details
  • Details that show your savings
  • Details of any other assets, debts and liabilities
  • Details of the property you will be using as security. This may include a copy of the signed contract of sale and possibly the receipt of the deposit you have paid.
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CUA Fresh Start Basic Variable Home Loan

  • Interest Rate


  • Comparison Rate


  • App Fee / Annual Service Fee

    $600 / $0

  • Max LVR


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