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Credit Union SA Variable Rate Home Loan Special Offer (Package)

The details shown below are for an owner occupier taking out a principal & interest loan of at least $150,000 with an LVR below 80%

The details shown below are for an owner occupier taking out a interest only loan of at least $150,000 with an LVR below 80%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR < 80%

    Loan: $150,000

  • Owner Occupier (Interest Only)

    LVR < 80%

    Loan: $150,000

Rate
2.59% p.a.
Comparison Rate*
3.02% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Rate
3.19% p.a.
Comparison Rate*
3.60% p.a.
Service fee
$395.00 yearly
Upfront fee
$0

Mozo editorial review Credit Union SA Variable Rate Home Loan Special Offer (Package)

Last updated: 25 August 2020.

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What's hot
  • Variable rates from just 2.59% (3.02% comparison rate*)
  • $2,500 cashback (conditions apply)
  • 2020 Mozo Experts Choice Award
What's not
  • $395 yearly service fee
Mozo snapshot

Featuring competitive variable interest rates for a range of borrowers starting from just 2.59% (3.02% comparison rate*) no upfront fees and a suite of other handy features, the 2020 Mozo Experts Choice Award winning Variable Rate Home Loan Package could be the perfect partner for both prospective homeowners and investors. Plus, for eligible customers there is a $2,500 cashback offer on this home loan! 

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Key features

With a low variable interest rate starting at just 2.59% (3.02% comparison rate*) for owner occupiers, Credit Union SA’s Variable Rate Home Loan Package could help borrowers reduce their repayment costs while still offering a number of handy features - including a 100% offset account.

Aside from taking advantage of a competitive interest rate, borrowers will also be able to chip away at their loan faster thanks to the free extra repayments facility and, should you need to, you’ll also be able to make redraws from any extra repayments at no added cost - though there is a minimum redraw amount of $500.

No matter which Variable Rate Home Loan Package you opt for, Credit Union SA will provide you with the flexibility to make payments on a schedule that’s right for you - either weekly, fortnightly or each month.

And what would an award-winning packaged home loan be without some additional perks? Well, should you sign up with Credit Union SA you’ll also be eligible for a number of discounts off a range of their other financial products - including no annual fee on their Visa Credit Card or transaction account, as well as 0.50% off the standard rate on a Credit Union SA personal loan.

Don't forget about the $2,500 cashback offer too! If you are you are taking out a loan with Credit SA of at least $250,000 (with an LVR of 80% or less), OR are refinancing your mortgage from another provider to Credit Union SA with over $250,000 left of the loan (and an LVR of 80% or less) you could be eligible for this offer. Just remember, it's for a limited time only. 

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Who is it good for

With its competitive interest rates and handy extras, the Variable Rate Home Loan Package could be a great option for any borrower looking for a loan which can keep costs low while still offering features and flexibility.

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Any catches

While you won’t be pay a cent when it comes to application and other upfront fees, Credit Union SA does charge a $395 yearly service fee.

Details

Rates and fees information correct as at 23 October 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 2.59% p.a.

  • n/a

  • n/a

  • n/a

  • 3.02% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • n/a

  • n/a

  • $0.00

  • n/a

  • $395.00 yearly

  • $350.00

Other financial bits
  • $150,000

  • none

  • none

  • 80.00%

Features
  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • none

  • yes - free

  • $500.00

  • yes

  • yes

  • Legal and valuation fees payable at cost

  • $39 annual fee waived on Credit Union SA Visa Credit card.

  • $2,500 cashback when refinancing, buying or building a home or investment property, borrowing at least $250,000 with a LVR of 80% or less.

*WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 23 October 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 3.19% p.a.

  • n/a

  • n/a

  • n/a

  • 3.60% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • n/a

  • n/a

  • $0.00

  • n/a

  • $395.00 yearly

  • $350.00

Other financial bits
  • $150,000

  • none

  • none

  • 80.00%

Features
  • Owner Occupier

  • Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • none

  • yes - free

  • $500.00

  • yes

  • yes

  • Legal and valuation fees payable at cost. Interest only up to 5 years.

  • $39 annual fee waived on Credit Union SA Visa Credit card.

  • $2,500 cashback when refinancing, buying or building a home or investment property, borrowing at least $250,000 with a LVR of 80% or less.

*WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Customer Reviews

How are Credit Union SA home loans rated by the Mozo community?

Overall
8.6/10
Price
8.4/10
Features
8.0/10
Customer service
8.8/10
Convenience
6.8/10
Trust
8.9/10
Credit Union SA

About Credit Union SA

Credit Union SA is a credit union providing its financial services to the South Australian region. Credit Union SA offers a wide range of financial products and services in credit cards, savings accounts, personal loans, home loans and car insurance. Credit Union SA pride themselves on providing excellent customer service and friendliness through all their financial products.

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*WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.