8.2 / 10

based on 2123 reviews as rated by Mozo community

CUA home loans

Since 1946, CUA has been striving to offer Aussies a fair deal on their finances, and today, it’s the largest customer owned financial services provider in the country. Check out its great value home loan offers below.

What home loans do CUA offer?

Rates and fees verified as correct at 27 October, 2020. Other information correct at the time of writing. Advertiser disclosure.

Fixed Rate Home Loans

CUA’s fixed rate home loans are available to owner occupiers with an LVR up to 95% and investors with an LVR below 70% for amounts between $10,000 and $5,000,000. These fixed rate loans provide you with the flexibility to choose a weekly, fortnightly or monthly repayment schedule, plus the chance to make fee free additional payments, up to the value of 3 months of repayments. If you opt for the Premium fixed rate home loan, you’ll also get to make use of some other great money saving features, like free redraws and an offset account. But remember, there are application and settlement fees to consider when going with a fixed rate home loan from CUA.

Home loan repayments calculator

years

Product Fixed 3 year rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

p.a.

n/a

$0.00

$835

2.49% p.a.

3.99% p.a.

$0.00

$835

2.79% p.a.

4.46% p.a.

$0.00

$835

2.69% p.a.

4.44% p.a.

$0.00

$835

Variable Rate Home Loans

When you choose one of the variable rate home loan offers from CUA, you’ll pay both a settlement and application fee, but in return, you’ll get a host of flexible features to help you save on your home loan, like unlimited free extra repayments, the ability to redraw funds and the use of an offset account. You’ll also get the flexibility to choose between a principal and interest or an interest only loan, as well as choosing a weekly, fortnightly or monthly repayment schedule to suit your budget. CUA variable home loans are available to owner occupiers borrowing up to 95% of the property’s value, and up to 70% for investors. You can get your hands on an amount between $10,000 and $5,000,000, depending on your LVR and whether you’re investing or living in the home.

Home loan repayments calculator

years

Product Rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

3.64% p.a.

3.71% p.a.

$0.00

$835

3.14% p.a.

3.19% p.a.

$0.00

$835

3.05% p.a.

2.69% p.a.

$0.00

$835

3.05% p.a.

2.69% p.a.

$0.00

$835

3.45% p.a.

3.09% p.a.

$0.00

$835

2.55% p.a.

2.60% p.a.

$0.00

$835

2.55% p.a.

2.60% p.a.

$0.00

$835

2.95% p.a.

3.00% p.a.

$0.00

$835

3.92% p.a.

3.99% p.a.

$0.00

$835

3.57% p.a.

3.64% p.a.

$0.00

$835

3.21% p.a.

3.05% p.a.

$0.00

$835

3.21% p.a.

3.05% p.a.

$0.00

$835

3.73% p.a.

3.57% p.a.

$0.00

$835

2.86% p.a.

2.91% p.a.

$0.00

$835

2.86% p.a.

2.91% p.a.

$0.00

$835

3.38% p.a.

3.43% p.a.

$0.00

$835

*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.

‡ Results from this calculation are estimates only as individual lenders apply different formulas. Actual repayments will depend on your individual circumstances and interest rate changes.

CUA home loan features in a glance

Free icon

No ongoing fees

With the exception of the Rate Breaker Package, you’ll pay no ongoing fees on a CUA home loan. On the other hand, there are one-off settlement and application fees to budget for on each mortgage option.

Repayment Icon

Additional repayments

No matter which CUA home loan you opt for, you’ll have the ability to make extra repayments in order to pay off your mortgage faster and save on interest. Just remember that while additional payments on variable rate loans are unlimited, a cap equal to the value of 3 months of repayments applies to the fixed rate options.

Award icon

Package discount opportunities

Opt for a CUA Rate Breaker Package and enjoy discounts on other CUA products like health, home and car insurance.

Repayment Icon

Flexible repayment schedule

To make budgeting a little easier, you can choose to make weekly, fortnightly or monthly repayments on either a variable or fixed rate home loan from CUA. But remember that if you opt for a Rate Breaker Package, you’ll have to make payments monthly.

How are CUA home loans rated?

Mozo users have rated CUA home loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of home-loans
CUA home loans
Overall
8.1/10
Price
Features
Customer service
Convenience
Trust
372 reviews

Recent CUA home loan reviews

CUA Achieve Variable Home Loan review
Overall 9/10
Fantastic support and great flexibility.

We love the flexibility offered. Customer service in the branch is outstanding.

Read full review

We love the flexibility offered. Customer service in the branch is outstanding.

Price
9/10
Features
9/10
Customer service
9/10
Convenience
10/10
Trust
10/10
Less
Steven, Queensland reviewed about 1 month ago
CUA Home Loan review
Overall 10/10
Personalised customer care with real people

Refinanced with CUA for my home loan about 12 months ago and really wish that I had made the switch sooner. The application was simple to initiate and the communication during the entire loan review and setup process was excellent. Our application was approved quickly and the personalised experience with real CUA staff who answered my calls instead of an automated voice program Made everything so easy. I have nothing but good things to say about CUA!

Read full review

Refinanced with CUA for my home loan about 12 months ago and really wish that I had made the switch sooner. The application was simple to initiate and the communication during the entire loan review and setup process was excellent. Our application was approved quickly and the personalised experience with real CUA staff who answered my calls instead of an automated voice program Made everything so easy. I have nothing but good things to say about CUA!

Price
8/10
Features
8/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Kylie, Queensland reviewed 2 months ago
CUA Accelerate Variable Home Loan review
Overall 10/10
Trustworthy, understanding and supportive

We have had nothing but great support from the team of our local CUA branch during this hard times if covid-19. They have a been understanding and have a very competitive interest rate! I highly recommend them to anyone.

Read full review

We have had nothing but great support from the team of our local CUA branch during this hard times if covid-19. They have a been understanding and have a very competitive interest rate! I highly recommend them to anyone.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
James, Queensland reviewed 2 months ago
CUA Home Loan review
Overall 6/10
Just okay. Would shop around on the market

Once you've signed up don't expect to be offered the new lower rates. They are always available to new customers only. It appears they offer lower rates in order to entrap people into higher loan amounts later. Otherwise using the online banking site is fine and easy to use. In terms of getting pre-approval for a home loan - it was pointless. I had to go through everything again in order to be, yet again, approved for the loan amount after home purchase. Very stressful to set up. Would recommend shopping around first before making a home loan commitment with this credit union.

Read full review

Once you've signed up don't expect to be offered the new lower rates. They are always available to new customers only. It appears they offer lower rates in order to entrap people into higher loan amounts later. Otherwise using the online banking site is fine and easy to use. In terms of getting pre-approval for a home loan - it was pointless. I had to go through everything again in order to be, yet again, approved for the loan amount after home purchase. Very stressful to set up. Would recommend shopping around first before making a home loan commitment with this credit union.

Price
6/10
Features
8/10
Customer service
5/10
Convenience
8/10
Trust
5/10
Less
Belinda, Victoria reviewed 3 months ago
CUA Home Loan review
Overall 10/10
Excellent service.

Very efficient in their dealings. I like them for my home loan.

Read full review

Very efficient in their dealings. I like them for my home loan.

Price
7/10
Features
7/10
Customer service
10/10
Convenience
10/10
Trust
6/10
Less
Lesley, Western Australia reviewed 3 months ago

What do you need to apply for a CUA home loan?

Ready to snag a CUA home loan and make that cute little suburban cottage, or the sprawling waterside mansion yours? To apply, you’ll need to be over 18 years of age and a permanent resident of Australia. You’ll also need to supply information on:

  • Your finances (income, expenses, assets and debts)
  • Your employment
  • The property you’re looking at buying

Home loan quick links