CUA Fresh Start Variable Home Loan Review | Finder

CUA Fresh Start Variable Home Loan

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The Fresh Start Variable Home Loan offers a low variable rate, premium features and repayment flexibility

With a competitive variable rate and all the features and flexibility of a premium product, you can have a home and a life with a CUA Fresh Start Variable Home Loan.

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Pros & Cons


  • 100% offset account available
  • $0 establishment fee
  • $0 monthly fees


  • Must be new lending with CUA to be eligible or adding an additional $50,000 to your existing CUA lending.

About this loan

What are the features and benefits of the CUA Fresh Start Variable Home Loan?

  • Loan amount. You can borrow a minimum of $10,000 with this loan, and there's a maximum of $5,000,000 years.
  • Loan term. The maximum loan term this loan is available for is 30.
  • Maximum LVR. You can borrow up to 95% of the property's value with this home loan.
  • Advance repayments. This loan allows you to make extra repayments, which can help to pay it off quicker and save in interest charges.
  • Interest-only options. You can choose between principal and interest or interest-only repayments with this loan.
  • Repayment flexibility. This home loan offers repayment flexibility, allowing you to make weekly, fortnightly or monthly repayments. As mentioned above, you can also make extra repayments and lump sum payments.
  • 100% offset account. This home loan comes with a 100% offset account, which is a linked account which can help reduce the amount of interest which is payable on your home loan. For example, having $10,000 in your interest offset account on a home loan of $350,000 would see you only owe interest on $340,000.

What fees and charges come with this loan?

There are no establishment or ongoing account keeping fees with this loan, below are some fees you will need to pay:

  • Discharge fee: $500. This fee covers the administrative costs associated with preparing loan discharge documents, and can be avoided by not exiting the loan early.
  • Legal fees. These fees vary from one applicant to the next, and are charged to cover the legal costs associated with your home loan.
  • Security administration fee: $195. This upfront fee covers the cost of setting up your property as security for the loan.

How to apply

Click on 'Go to Site' to start the application process. To apply for this loan you have to meet certain eligibility criteria, which includes the following:

  • You should be over 18 years of age
  • You should have a regular source of income
  • You should be a resident of Australia
  • You must be new lending with CUA
  • You must not have an LVR above 80%

As part of the application process you have to supply the following information:

  • Details of earnings
  • Records of savings
  • Details of assets, debts and liabilities
  • A copy of the signed sale contract
  • A copy of the receipt you receive upon paying the deposit

If you're looking for a variable rate home loan that doesn't attract any ongoing monthly or annual fees and offers a competitive interest rate, this loan is worth considering.

Expert review

Marc Terrano

Review by

Marc Terrano is a lead publisher and growth marketer at Finder. He has previously worked at Finder as a publisher for frequent flyer points and home loans, and as a writer, podcast host and content marketer. Marc has a Bachelor of Communications (Journalism) from the University of Technology Sydney. He’s passionate about creating honest and simple reviews and comparisons to help everyone get value for money.

Expert review

This secured home loan is available for owner-occupiers, investors and for those looking to buy land and build a home. To be eligible for this loan your Loan-to-Value Ratio (LVR) must be below 95%.

Home Loan Offers

Important Information*
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Westpac Flexi First Option Home Loan - Basic Variable Rate (Owner Occupier, P&I)

Up to $3,000 refinance cashback. A flexible and competitive variable rate loan. Eligible borrowers refinancing $250,000 or more can get $2,000 cashback per property plus a bonus $1,000 for their first application. Other conditions apply.

Logo for St.George Basic Home Loan - LVR 60% to 80% (Owner Occupier, P&I)
St.George Basic Home Loan - LVR 60% to 80% (Owner Occupier, P&I)

Up to $4,000 refinance cashback With this competitive variable rate loan from St.George, refinancers borrowing $250,000+ can get up to $4,000 cashback and borrow up to 80% of the property's value (terms, conditions & exclusions apply).

Logo for Athena Liberate Home Loan - 70% to 80% LVR Owner Occupier, P&I
Athena Liberate Home Loan - 70% to 80% LVR Owner Occupier, P&I

A competitive variable rate mortgage for owner occupiers $0 application and $0 ongoing fees. This interest rate falls over time as you pay off the loan.

Logo for Suncorp Back to Basics Home Loan - Better Together Special Offer $150k+ LVR ≤ 80% (Owner Occupier, P&I)
Suncorp Back to Basics Home Loan - Better Together Special Offer $150k+ LVR ≤ 80% (Owner Occupier, P&I)

Get a competitive variable interest rate with no application fee or ongoing fees.

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    Default Gravatar
    September 14, 2016

    Hi, We have a fresh start home loan.
    Can we take this loan & put it on a house in the country?

      Default Gravatar
      September 23, 2016

      Hi Matt,

      Thank you for contacting we are a financial comparison website and general information service. We are not directly affiliated to any of the providers we feature on our website.

      I cannot see any restriction on where the property has to be in order to take out this loan so long as you fit all other eligibility requirements there shouldn’t be any issues with you taking this loan out for another property in the country. If you would like to discuss this further I would suggest contacting CUA directly or a mortgage broker.


    Default Gravatar
    June 15, 2015

    Hi there I would be interested to obtain a copy of the loan contract conditions to review and paper work associated with obtaining the loan.


      Default Gravatar
      June 16, 2015

      Hi Leana,

      Thanks for your enquiry.

      You’ve come through to which is an online comparison service, so please note that we don’t offer home loans ourselves.

      If you’d like to review the product terms and conditions and associated documents, you’ll need to contact CUA directly.


    Default Gravatar
    May 21, 2015

    I am self-employed with invoice to different pharmacies and medicare payment for medication review. I don’t have a regular job. My taxable income is around $20,000. I have 2 investment properties in my name. Each has around $210,000 loan. They’re pretty much positive cashflow properties. Am I eligible to apply the loan from CUA? Thanks.

      Default Gravatar
      May 25, 2015

      Hi Mei,

      Thanks for your enquiry.

      To be eligible for the CUA Fresh Start Variable Home Loan, you need to have a regular source of income. It would be best to contact CUA directly to discuss your eligibility for this loan.


    Default Gravatar
    May 18, 2015

    Hi, there. Can I take out a fresh start home load for refinancing investment property? thanks

      Default Gravatar
      May 25, 2015

      Hi Olena,

      Thanks for your enquiry.

      You can use the CUA Fresh Start Variable home loan to refinance an investment property given that you have at least 20% equity in the property that you wish to refinance.


    Default Gravatar
    March 19, 2015

    Does your company do construction loans then permanent loans? If so I would like to discuss my situation. Thanks

      Avatarfinder Customer Care
      March 20, 2015

      Hi Scott,

      Thanks for your question.

      CUA offers a construction option on a range of their home loans, which will revert to a permanent home loan.

      If you would like to discuss your eligibility or options, please get in touch with CUA directly by clicking on ‘Go to site’.


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