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.
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.
With the CUA Fresh Start Basic Variable Home Loan you get all the great features of a basic home loan but none of the extras you may not use as well as paying no ongoing fees.
How likely would you be to recommend finder to a friend or colleague?
1
2
3
4
5
6
7
8
9
10
Very UnlikelyExtremely Likely
Required
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
Important information about this website
finder.com.au is one of Australia's leading comparison websites. We compare from a wide set of major banks, insurers and product issuers.
finder.com.au has access to track details from the product issuers listed on our sites. Although we provide information on the products offered by a wide range of issuers, we don't cover every available product. You should consider whether the products featured on our site are appropriate for your needs and seek independent advice if you have any questions.
The identification of a group of products, as 'Top' or 'Best' is a reflection of user preferences based on current website data. On a regular basis, analytics drive the creation of a list of popular products. Where these products are grouped, they appear in no particular order.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment.
We try to take an open and transparent approach and provide a broad based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labelling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
Providing or obtaining an estimated insurance quote through us does not guarantee you can get the insurance. Acceptance by insurance companies is based on things like occupation, health and lifestyle. By providing you with the ability to apply for a credit card or loan we are not guaranteeing that your application will be approved. Your application for credit products is subject to the Provider's terms and conditions as well as their application and lending criteria.
Please read our website terms of use for more information about our services and our approach to privacy.
