CUA Premium Fixed Rate Home Loan

Rates and fees last updated on

Enjoy flexible features, competitive fixed rates and no monthly fees with the CUA Premium Fixed Rate Home Loan.

The CUA Premium Fixed Rate Home Loan offers a range of competitive fixed rates that you can take advantage of for varying periods of time. With flexible features such as an offset account and the option to make additional repayments up to $50,000 without penalties, this home loan could be an option to finance a home purchase. Once you apply and get approved for the loan, you'll also receive additional free transactions on your CUA bank savings account.

CUA investor loans - strict eligibility criteria.

CUA now offers investment loans, but only to borrowers who:

  • Have an existing owner occupier loan with CUA
  • Are refinancing an existing owner occupier loan with CUA and taking out an investment loan

If you do not meet these criteria you will not be able to apply for a CUA investment loan. For other terms and conditions please visit the CUA website for more details.

Interest Rate Max Insured LVR Max LVR
1 Year Fixed Rate (Owner Occupier)
4.01% p.a.
Comparison Rate
4.81% p.a.
95% 80%
1 Year Fixed Rate (Investor, P&I)
4.51% p.a.
Comparison Rate
5.34% p.a.
80% 80%
2 Year Fixed Rate (Owner Occupier)
4.06% p.a.
Comparison Rate
4.75% p.a.
95% 80%
2 Year Fixed Rate (Investor, P&I)
4.51% p.a.
Comparison Rate
5.26% p.a.
80% 80%
3 Year Fixed Rate (Owner Occupier)
3.96% p.a.
Comparison Rate
4.66% p.a.
95% 80%
3 Year Fixed Rate (Investor, P&I)
4.31% p.a.
Comparison Rate
5.14% p.a.
80% 80%
5 Year Fixed Rate (Owner Occupier)
4.45% p.a.
Comparison Rate
4.73% p.a.
95% 80%
5 Year Fixed Rate (Investor, P&I)
4.91% p.a.
Comparison Rate
5.23% p.a.
80% 80%
Product NameCUA Premium Fixed Rate Home Loan
Interest Rate TypeFixed
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 AccountYes
Mortgage 100% OffsetNo
Loan Redraw FacilityYes
Split Loan FacilityNo
Fixed Interest OptionYes
Loan PortableNo
Suitable for InvestmentNo
Extra RepaymentYes
Available as equity loan/line of creditNo
Repayment TypePrincipal & Interest and Interest Only Options
Application Fee$600
Ongoing Fees$0 p.a.
Settlement Fee$0
Discharge Fee$200

Pros

  • $0 ongoing fees.
  • Offset account attached with maximum balance if $50,000 allowed.
  • interest only repayment options.

Cons

  • $600 application fee.
  • $200 discharge fee.

Things to consider about the CUA Premium Fixed Rate Home Loan

The CUA Premium Fixed Rate home loan offers flexible features that help you repay your home loan sooner and pay off your loan according to your income and preferences. Your loan reverts to the CUA Standard Variable Home Loan after the end of the fixed rate period.

Features of the CUA Premium Fixed Rate Home Loan

  • Maximum LVR. The maximum LVR without having to pay lender’s mortgage insurance stands at 80%, and this increases to 95% if you opt to pay for lenders mortgage insurance. This applies to loans with principal and interest repayments.
  • Redraw facility. With the CUA Premium Fixed Rate Home Loan, you get to make additional lump sum repayments up to $50,000 during the fixed term, and redraw these additional repayments whenever you need extra cash. You can use the funds you redraw for whatever purpose you wish, including financing a holiday, home improvement or simply covering your bills. It's easy to redraw your extra repayments online as there will be no minimum amount and the funds are instantly transferred to your transaction or savings account.
  • Offset account. This feature can help you pay off your CUA Premium Fixed Rate Home Loan sooner as it allows you to reduce your loan term and save on interest costs. Any amount up to $50,000 in your account will offset interest on your home loan. For example, keeping $10,000 in your offset account on a home loan of $200,000 would see you only pay interest on $190,000.
  • Interest-only repayments. This feature allows you to pay off only the interest costs on your loan for a set period. This is designed to keep your loan repayments to a minimum if you are having cash flow problems or want to commit your income elsewhere.

Fees

There are no ongoing account keeping fees for this loan however below are the fees that will be charged with this loan:

  • Loan establishment fee. The CUA Premium Fixed Rate Home Loan has a $600 loan establishment fee that goes towards setting up your loan account.
  • Security administration fee: $195. This upfront fee covers the cost of setting up your property as security for the loan.

How to apply for the CUA Premium Fixed Rate Home Loan

To be eligible for this loan, please note that you have to meet the following criteria:

  • You must be at least 18 years of age
  • You have to earn a regular income
  • You must be a permanent Australian resident

The following information will also be needed to finalise your loan application:

  • Your full name, address and contact details
  • Your identification details
  • Details of your occupation, sources of income and time spent in your current job. Also include copies of your last two pay slips and group certificates
  • Details of what you owe on existing home, car, personal or line of credit loans and on credit cards
  • Details of your assets

Learn more about the award-winning CUA Premium Fixed Rate home loan and compare it to other home loans on finder.com.au to find a loan that suits your specific needs.

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This page was last modified on 18 September 2017 at 3:14pm.

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CUA Premium Fixed Rate Home Loan

  • Interest Rate

    N/A

  • Comparison Rate

    N/A

  • App Fee / Annual Service Fee

    $600 / $0

  • Max LVR

    80%

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