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.
Rates and fees verified as correct at 27 January, 2020. Other information correct at the time of writing.
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.
| Product | Fixed 3 year rate | Comparison Rate* | Service fee | Upfront fee | Monthly repayments ‡ |
|---|---|---|---|---|---|
| 3.70% p.a. | 4.88% p.a. | $0.00 | $835 | ||
| 3.50% p.a. | 4.83% p.a. | $0.00 | $835 | ||
| p.a. | n/a | $0.00 | $835 | ||
| 2.98% p.a. | 4.29% p.a. | $0.00 | $835 | ||
| 4.20% p.a. | 5.01% p.a. | $0.00 | $835 | ||
| 3.80% p.a. | 4.91% p.a. | $0.00 | $835 | ||
| p.a. | n/a | $0.00 | $835 | ||
| 3.50% p.a. | 4.43% p.a. | $0.00 | $835 |
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.
| Product | Rate | Comparison Rate* | Service fee | Upfront fee | Monthly repayments ‡ |
|---|---|---|---|---|---|
| 4.17% p.a. | 4.24% p.a. | $0.00 | $835 | ||
| 3.82% p.a. | 3.89% p.a. | $0.00 | $835 | ||
| 3.89% p.a. | 3.96% p.a. | $0.00 | $835 | ||
| 3.39% p.a. | 3.44% p.a. | $0.00 | $835 | ||
| 3.71% p.a. | 3.78% p.a. | $0.00 | $835 | ||
| 3.64% p.a. | 3.71% p.a. | $0.00 | $835 | ||
| 3.98% p.a. | 4.05% p.a. | $0.00 | $835 | ||
| 3.36% p.a. | 3.43% p.a. | $0.00 | $835 | ||
| 3.29% p.a. | 3.36% p.a. | $0.00 | $835 | ||
| 3.63% p.a. | 3.68% p.a. | $0.00 | $835 | ||
| 3.55% p.a. | 3.62% p.a. | $0.00 | $835 | ||
| 3.48% p.a. | 3.55% p.a. | $0.00 | $835 | ||
| 3.70% p.a. | 3.77% p.a. | $0.00 | $835 | ||
| 3.05% p.a. | 3.12% p.a. | $0.00 | $835 | ||
| 2.98% p.a. | 3.05% p.a. | $0.00 | $835 | ||
| 3.20% p.a. | 3.25% p.a. | $0.00 | $835 |
‡ 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.
| No ongoing feesNo 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. |
| Additional repaymentsAdditional 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. |
| Package discount opportunitiesPackage discount opportunities | Opt for a CUA Rate Breaker Package and enjoy discounts on other CUA products like health, home and car insurance. |
| Flexible repayment scheduleFlexible 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. |
CUA customers have rated its home loans on areas like price, customer service, convenience and features, so you can get an accurate idea of the real life CUA experience. Check out all the reviews.
I like CUA as their rates are very competitive. Pros: never have to wait long in a queue at the physical branch, friendly helpful staff. Cons: no ATM which means you have to pay to withdraw cash.
I like CUA as their rates are very competitive. Pros: never have to wait long in a queue at the physical branch, friendly helpful staff. Cons: no ATM which means you have to pay to withdraw cash.
Lisa, New South Wales, reviewed 2 months ago
We have been with CUA for nearly 30 years. No charges on accounts. Very friendly staff who are always available to help.
We have been with CUA for nearly 30 years. No charges on accounts. Very friendly staff who are always available to help.
Manjul, New South Wales, reviewed 2 months ago
Too many interest rate increases in a short time. Bank staff are not helpful.
Too many interest rate increases in a short time. Bank staff are not helpful.
Van, Victoria, reviewed 3 months ago
I own my home outright with feasible repayments on a single parent pension. I joined because my parents were already members and I have never looked back.
I own my home outright with feasible repayments on a single parent pension. I joined because my parents were already members and I have never looked back.
Mary, Queensland, reviewed 3 months ago
When we ask they help and its made easy for us.
When we ask they help and its made easy for us.
Bec, Queensland, reviewed 3 months ago
Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.
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:
