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

Advertiser disclosure

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 principal & interest loan of at least $250,000 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 (Principal & Interest)

    LVR < 80%

    Loan: $250,000

  • Owner Occupier (Interest Only)

    LVR < 80%

    Loan: $150,000

Rate
2.34% p.a.
Comparison Rate
2.78% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
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: 16 March 2021.

binocular icon
What's hot
  • Variable rates from 2.34% (2.78% comparison rate*)
  • $2,500 cashback (with 2.59% p.a. variable interest rate (3.02% comparison rate*) (other conditions apply)
What's not
  • $395 yearly service fee
Mozo snapshot

Featuring competitive variable interest rates for owner-occupier borrowers starting from just 2.34% (2.78% comparison rate*), no upfront fees and a suite of other handy features, the Variable Rate Home Loan Package could be a worthy partner for prospective homeowners. Plus, for eligible customers there is currently a $2,500 cashback offer available! 

key icon
Key features

With variable interest rates starting at a competitive 2.34% p.a. (2.78% comparison rate*) for owner occupiers making principal and interest repayments, Credit Union SA’s Variable Rate Home Loan Package could help borrowers reduce their repayment costs while still enjoying a number of handy features - including a 100% offset account.

There is also a $2,500 cashback offer that comes with the 2.59% p.a. interest rate (3.02% p.a. comparison rate*). This offer applies to new loans of $250,000 or more with a deposit of at least 20%. Cashback will be available at settlement.

Of course aside from a competitive interest rate, borrowers will also be able to chip away at their loan faster thanks to the free extra repayments feature and, should they need to, dip into those extra repayments down the line with the free redraw facility - though there is a minimum redraw amount of $500.

And what would a 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 their other financial products, including an annual fee waiver on their Visa Credit Card and transaction account, as well as 0.50% off the standard rate on a Credit Union SA personal loan.

snapshot
Who is it good for

With its competitive interest rates and host of handy extras, the Variable Rate Home Loan Package from Credit Union SA could be a great option for owner occupiers looking for a loan which can keep costs relatively low while still offering features and flexibility.

question icon
Any catches

The loan isn't without its fees though. Upfront legal and valuation fees are payable at cost, plus there's a $395 annual service fee and a $350 discharge fee. 

Details

Rates and fees information correct as at 22 April 2021. 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
  • 2.34% p.a.

  • n/a

  • n/a

  • n/a

  • 2.78% 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. Reduced rate of 2.34% not available in conjunction with the $2,500 cashback offer.

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

  • none

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 22 April 2021. 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
  • $250,000

  • 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.

  • Receive $2,500 cashback on new borrowing of $250,000 or more.

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 22 April 2021. 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.

  • none

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
Thumbnail icon for 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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