CUA Home Loans

Rates and fees last updated on

Home loans from one of Australia's largest customer-owned brands

CUA, formerly known as Credit Union Australia, offers home loans, transaction and savings accounts, personal loans, credit cards, insurance and financial planning. As a 100% customer-owned institution, CUA is able to reinvest profits to help it offer affordable home loan options by reducing fees and interest rates.

CUA offers a range of home loan options to allow homebuyers to choose the option that best meets their financial needs and helps them meet their personal goal of homeownership. It also offers competitive rates and personalised customer service.

CUA investor loans.

CUA have recently relaxed their restrictions on investor lending for new customers. It is now possible to apply for an investment loan without taking out an owner-occupier loan as well. Other restrictions and conditions still apply.

CUA Home Loan Offer

CUA Advance Variable Home Loan - Owner Occupier, P&I

3.65 % p.a.

variable rate

3.66 % p.a.

comparison rate

CUA Home Loan Offer

With CUA Advance Variable Home Loan enjoy a low interest rate with no application fee or ongoing fees. Borrow up to 90% of the property's value.

  • Interest rate of 3.65% p.a.
  • Comparison rate of 3.66% p.a.
  • Application fee of $0
  • Maximum LVR: 90%
  • Minimum borrowing: $100,000
  • Max borrowing: $5,000,000
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Compare CUA home loans

Rates last updated November 19th, 2017
$
Loan purpose
Offset account
Loan type
Your filter criteria do not match any product
Name Product Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment Short Description
3.65%
3.66%
$0
$0 p.a.
90%
A competitive variable rate home loan with no application fee.
3.79%
3.97%
$0
$0 p.a.
90%
A competitive rate for owner occupiers looking to buy or refinance.
3.99%
4.00%
$0
$0 p.a.
90%
A basic home loan with flexible repayment options.
3.89%
4.72%
$600
$0 p.a.
95%
Pay no ongoing fees on a fixed rate home loan with flexible repayment options
4.06%
4.75%
$600
$0 p.a.
95%
Enjoy a 2 years fixed rate with $0 ongoing fees, free multi-account offset, flexible repayment options and easy access to your cash with a redraw facility.
3.84%
4.80%
$600
$0 p.a.
95%
Enjoy 1 year competitive fixed rate with $0 ongoing service fee.
4.01%
4.81%
$600
$0 p.a.
95%
Enjoy 1 year fixed rate and product features such as free offset and redraw facility.
3.79%
4.61%
$600
$0 p.a.
95%
Lock in a rate for three years and enjoy the ability to make interest only payments.
4.26%
4.27%
$600
$0 p.a.
80%
A discounted variable rate home loan with no ongoing fees and a 100% offset account.
4.22%
4.57%
$600
$350 p.a.
95%
A package home loan with a competitive rate, 100% offset account and redraw facility.
4.31%
4.32%
$600
$0 p.a.
95%
A variable rate loan with high LVR and 100% multi-account offset.
3.96%
4.66%
$600
$0 p.a.
95%
A fixed rate home loan with an offset account available.
5.56%
$600
$0 p.a.
80%
Unlock the equity in your home and finance your lifestyle.
4.45%
4.73%
$600
$0 p.a.
95%
Plan ahead, be certain with your repayments by fixing them for 5 years.
4.28%
4.66%
$600
$0 p.a.
95%
Borrow up to 95% LVR with your rate fixed for 5 years and no ongoing service fee.
4.24%
3.77%
$0
$0 p.a.
80%
A variable rate home loan with free redraws and low fees.
3.99%
3.69%
$0
$0 p.a.
90%

Compare up to 4 providers

Rates last updated November 19th, 2017
$
Loan purpose
Offset account
Loan type
Your filter criteria do not match any product
Name Product Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment Short Description
4.14%
5.21%
$600
$0 p.a.
80%
"Competitive rates for fixed for 3 years with redraw facility.
4.31%
5.26%
$600
$0 p.a.
80%
Pay no ongoing fees and lock in you rate for 3 years.
4.24%
5.47%
$600
$0 p.a.
80%
Enjoy a 1 year fixed rate with maximum LVR of 80%.
4.74%
5.26%
$600
$0 p.a.
80%
Lock your rate for 5 years and borrow up to 80%LVR.
4.24%
5.35%
$600
$0 p.a.
80%
Enjoy the low interest rate locked in for 2 years with no ongoing service fee.
4.41%
5.38%
$600
$0 p.a.
80%
Enjoy 2 years fixed rate for your investment with no annual or monthly fees.
4.91%
5.33%
$600
$0 p.a.
80%
Borrow up to 80% LVR on your investment and lock in your rate for 5 years.
4.41%
5.48%
$600
$0 p.a.
80%
Choose to make your repayments either monthly, fortnightly or weekly with this 1 year fixed rate home loan.

Compare up to 4 providers

Home loans offered by CUA

Basic Variable Home Loan

The Basic Variable Home Loan is a simple and easy-to-manage loan offering unlimited redraw, and flexible repayment options with no penalties for extra, lump-sum repayments. You can opt for an interest-only repayment plan, though an establishment fee does apply.

The Basic Variable Home Loan

Fresh Start Basic Variable Home Loan

The Fresh Start Basic Variable Home Loan option is a basic home loan with no ongoing fees, flexible repayments and free redraw facilities. In order to take out this loan you will need to move all your day-to-day banking to CUA which you can do upon application of your home loan.

Fresh Start Basic Variable Home Loan

Fresh Start Variable Home Loan

The Fresh Start Variable Home Loan has a competitive interest rate and can be taken out by new borrowers to CUA with at least a 20% deposit, or existing CUA borrowers who are increasing their loan by at least $50,000. It comes with a 100% offset account, the ability to make additional repayments and redraw facilities.

The Fresh Start Variable Home Loan

Standard variable home loan

CUA's Standard Variable Home Loan provides a redraw option and allows lump sum payments to be made, which can lower the overall amount of interest due. This loan only uses the variable interest rate option, though interest-only repayment plans are available. Offset accounts are also available. There are no monthly account-keeping fees associated with this loan. An establishment fee does apply.

The Standard Variable Home Loan

Fixed Rate Home Loan

The Fixed Rate Home Loan is designed for home buyers who want a loan with a consistent repayment plan. At the conclusion of the fixed term, the loan will automatically convert to a Standard Variable Rate Home Loan. Interest-only repayment plans are available. There are no account maintenance fees, but the loan does carry an establishment fee.

The Fixed Rate Home Loan

Premium Fixed Rate Home Loan

The Premium Fixed Rate Home Loan option is similar to the Fixed Rate Home Loan option, but allows you to offset up to $50,000, make additional payments into your loan of up to $50,000 during the fixed period and has a redraw facility. You will receive the competitive fixed home loan rate for a set period. At the end of this set period, your home loan will revert to the Standard Variable Home Loan.

The Premium Fixed Rate Home Loan

How to apply for a CUA home loan

  • Online application. The first step in applying for a loan with CUA is to complete a short online application. This process only takes a few minutes to complete. You must be over the age of 18, a permanent resident of Australia, and receive regular income from wages or self-employment.
  • Mobile call with CUA agent. After you submit your online application, an agent from CUA will contact you by phone. This agent may ask you for additional information and will explain the loan options available to you.
  • Face-to-face meeting with CUA. The next step will be to have a face-to-face meeting with an agent from CUA. At this point you may be required to provide CUA with paperwork to complete your loan application.

Documents needed to apply for a CUA home loan

Personal information

Personal documentation is the first type of information that CUA is likely to require from you. Below we summarise the most common types of personal documents you may need to provide to CUA:

  • Proof of identification. Before your loan application can be approved, you will need to provide at least 100 points worth of identification.
  • Tax File Number. You will also need to provide CUA with your Tax File Number (TFN) when applying for a home loan.

Property information

In addition to personal information, you will also need to provide documentation relating to the property you are purchasing. CUA uses this paperwork as assurance that the home is being properly sold and that the purchase value is correct.

  • Property valuation. You will need a property valuation on the home you want to purchase to ensure the loan amount matches the actual value of the property.
  • Property title. You will need to provide CUA with a copy of the title of the property you are purchasing. This ensures that the party you are buying the home from has the legal right to sell the property.
  • Home inspection. Depending on the type of home loan you obtain from CUA, you may be required to have a home inspection done prior to purchase. This will help to alert you to any potential problems with the home before you buy it.

Financial information

You will also need to provide CUA with documentation relating to your personal finances, so CUA can assess your ability to repay your home loan.

  • Income. You will need to provide CUA with proof of your wages or self-employment earnings. This may be in the form of regular payslips or year-end tax reports.
  • Additional assets. If you have substantial assets or income other than wages, you will need to provide CUA with documentation of these. CUA will use this information to determine the amount of your home loan.
  • Major outstanding debt. Depending on your specific set of circumstances, you may need to provide documentation for any major outstanding expenses you have. CUA check to see how much you still owe and if you are current with your payments.

About how to compare home loans

CUA’s home loan range may very well offer the right deal for you, but make sure to do your research and compare other loans on the market before you sign on the dotted line.

To speak to a mortgage broker today


Know how much you want to borrow? Calculate your repayments

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This page was last modified on 16 November 2017 at 12:41pm.

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4 Responses

  1. Default Gravatar
    edJuly 25, 2016

    Hi,
    Am looking for a good land loan. What would you recommend?

    ed

    • Staff
      AnndyJuly 25, 2016Staff

      Hi Ed,

      Thanks for your question.

      Please note that finder.com.au is an online comparison service and is not in a position to recommend specific home loan products.

      If you are looking to apply for a loan to buy a land, you can compare vacant land home loans on this page.

      Cheers,
      Anndy

  2. Default Gravatar
    karenMarch 23, 2015

    Would like to know the interest rates and the rates for switching banks. Best rates

    • Staff
      MarcMarch 24, 2015Staff

      Hi Karen,
      thanks for the question.

      This page displays all of CUA’s current home loan rates in the table above. To negotiate a better rate for your business you might want to lodge an enquiry directly with CUA, which you can do by clicking ‘Go to Site’ on any of the products in the table above.

      I hope this helps,
      Marc.

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