Credit Union SA home loans

Struggling to save up a deposit for your home loan? With the fixed rate home loan option from Credit Union SA, you can stop worrying, because you can borrow amounts starting at $20,000, with an LVR of 97% if you’re living in the property, or 90% if you’re an investor. But keep in mind you’ll need to budget for both an application and settlement fee. As far as features go, you’ll be able to make free extra repayments up to $10,000 each year, and redraw those funds, although a minimum amount does apply. And if you can’t decide between the certainty of a fixed rate and the flexibility of a variable rate, then why not split your loan between the two?

Like the fixed rate alternative, the variable rate home loan offer from Credit Union SA is available for amounts starting at $20,000, up to 97% of the property’s value for owner occupiers and 90% for investors. You’ll only pay a settlement fee if you opt for the Discount Home Loan offer, but there’s also an application fee for the standard option. In terms of flexibility, you’ll have the option to choose between an interest only or principal and interest loan, plus choose to make monthly, fortnightly or weekly repayments. You’ll also get the ability to make unlimited fee-free extra repayments and redraws, but keep in mind a minimum redraw amount applies.

Opt for the fixed rate home loan package from Credit Union SA and you won’t pay any upfront fees - but the trade-off is a yearly service fee. Owner occupiers can borrow up to 97% of the property’s value on this loan, while investors can snag up to 90%, starting from $100,000 for each. The fixed rate options enable you to make free extra repayments up to the value of $10,000 each year, and free redraws (minimum amount does apply). And it doesn’t stop there! With the package home loan option, you’ll save heaps on other Credit Union SA products with a waived annual fee on credit cards, no transaction or monthly access fees on transaction accounts and discounted rates on personal loans.

Bundle your home loan with other Credit Union SA products in a variable rate home loan package, to enjoy great perks like waived transaction or monthly fees on your everyday bank account, no annual fee on your credit card, and discounted personal loan rates. Credit Union SA’s variable rate home loan package is similar to its fixed rate counterpart. It’s available for amounts starting at $100,000, up to 90% of the property’s value for investors, and 97% for buyers wanting to live in the home. You'll pay a yearly service fee, but in exchange, you’ll get great flexible features, like unlimited free extra repayments and redraws (minimum amount applies), plus, with the package option, you’ll get the use of an offset account to keep interest costs low.