CUA Fresh Start Variable Home Loan

Rates and fees last updated on

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.

You can take advantage of this deal if your home loan is new lending with CUA and you have a 20% deposit or 20% equity in your property or are adding an additional $50,000 to your current lending with CUA.

Interest Rate Max Insured LVR Max LVR
4.74% p.a.
Comparison Rate
4.75% p.a.
90% 90%
Owner Occupiers
4.26% p.a.
Comparison Rate
4.27% p.a.
80% 80%
Product NameCUA Fresh Start 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
Mortgage Offset AccountYes
Mortgage 100% OffsetYes
Loan Redraw FacilityYes
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableYes
Suitable for InvestmentYes
Extra RepaymentYes
Available as equity loan/line of creditNo
Repayment TypePrincipal & Interest and Interest Only Options
Application Fee$600
Lender's Legal Fee$0
Valuation Fee$0
Ongoing Fees$0 p.a.
Settlement Fee$0
Discharge Fee$200


  • 100% offset account available
  • $600 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.

Things to consider about the CUA Fresh Start Home Loan

This secured home loan is available for owner-occupied purchases, investment purposes 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 80%, and your loan must be new lending with CUA. If you're an existing CUA customer, you can take advantage of this loan if you loan an additional $50,000 or more.

Features 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.
  • Loan term. The maximum loan term this loan is available for is 30 years.
  • Maximum LVR. You can borrow up to 80% of the property’s value with this home loan.
  • Investor LVR. A 80% maximum LVR applies for all investor lending that is for new CUA customers without accompanying owner-occupied lending. A 90% maximum LVR applies for investors who are existing customers of CUA or CUA Health and new customers who bring both their investment and owner occupied home loans to CUA.
  • 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. Interest-only repayments are generally lower than principal and interest payments.
  • 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.


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

  • Discharge fee: $200. 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.

How to apply for the CUA Fresh Start Variable Home Loan

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.

CUA Fresh Start Variable Home Loan Interest Rate History vs RBA Cash Rate Graph

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This page was last modified on 28 March 2017 at 2:00pm.

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10 Responses to CUA Fresh Start Variable Home Loan

  1. Default Gravatar
    Matt | September 14, 2016

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

    • Staff
      Jodie | 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.


  2. Default Gravatar
    Leana | 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.


    • Staff
      Belinda | 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.


  3. Default Gravatar
    mei | 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.

    • Staff
      Belinda | 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.


  4. Default Gravatar
    Olena | May 18, 2015

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

    • Staff
      Belinda | 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.


  5. Default Gravatar
    scott | March 19, 2015

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

    • Staff
      Shirley | 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’.


CUA Fresh Start Home Loan

  • Interest Rate


  • Comparison Rate


  • App Fee / Annual Service Fee

    $600 / $0

  • Max LVR

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