CUA home loans

CUA
CUA's overall rating for home loans

(as rated by the Mozo community)

7.8 / 10

based on 89 reviews

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. But never mind all that - even more impressively, this year CUA won a 2016 Mozo Experts Choice Award for Best Value Variable Home Loan. Now that’s something to brag about. Check out the great home loan offers that snagged it the trophies below.

Rates and fees verified as correct at 09 December, 2016. Other information correct at the time of writing.

What home loans do CUA offer?

Fixed Rate Home Loans 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 ‡

3.86% p.a.

4.82% p.a.

$0.00

$795

3.89% p.a.

4.53% p.a.

$0.00

$795

4.11% p.a.

4.89% p.a.

$0.00

$795

4.11% p.a.

4.59% p.a.

$0.00

$795


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Variable Rate Home Loans 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 ‡

5.04% p.a.

5.09% p.a.

$0.00

$795

4.68% p.a.

4.73% p.a.

$0.00

$795

4.52% p.a.

4.53% p.a.

$0.00

$195

4.16% p.a.

4.17% p.a.

$0.00

$195

4.39% p.a.

4.44% p.a.

$0.00

$795

3.89% p.a.

3.94% p.a.

$0.00

$795

4.47% p.a.

4.48% p.a.

$0.00

$195

4.11% p.a.

4.12% p.a.

$0.00

$195

3.69% p.a. variable for 24 months and then 4.39%

4.28% p.a.

$0.00

$195

3.69% p.a. variable for 24 months and then 3.89%

3.87% p.a.

$0.00

$195

5.10% p.a.

5.15% p.a.

$0.00

$795

4.69% p.a.

4.74% p.a.

$0.00

$795


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Variable Package Home Loan Variable Package Home Loan

The Rate Breaker Package home loan is the perfect choice if you want to bundle your other CUA products, because you’ll get discounts on your health, home and car insurance. You’ll also have the benefit of all the flexible features of a variable rate CUA home loan, like free extra repayments, free redraws and the use of multiple offset accounts - just remember to keep the balance of these accounts over $500 for the savings to apply. While you can tailor your Rate Breaker Package by opting for either a principal and interest or interest only loan, you’re stuck with monthly repayments, so make sure that fits your schedule! In return for all this, you’ll pay both a settlement and a yearly account service fee. This package is available for loans between $250,000 and $1,500,000, for investors with LVRs up to 70% and owner occupiers with LVRs up to 95%.

Home loan repayments calculator
years
Product Rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

4.55% p.a.

4.89% p.a.

$350.00 yearly

$195

4.25% p.a.

4.60% p.a.

$350.00 yearly

$195


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Line of Credit Line of Credit

Use the equity you’ve built up in your home to fund your next spending goal with a line of credit home loan from CUA. The Equity Line of Credit home loan is available for amounts from $10,000 to $3,000,000 and you can borrow up to 80% of the value of the property. Standard for a line of credit home loan, you’ll only be charged interest on the amount of equity you’ve used. Like the fixed rate and variable rate home loan options, with a line of credit loan from CUA, you’ll pay no ongoing service fees - but don’t forget about the settlement and application fees, both of which you’ll have to contend with to snag this mortgage.

Product Rate Comparison Rate* Service fee Upfront fee

5.56% p.a.

n/a

$0.00

$795

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CUA home loan features in a glance

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.

How are CUA home loans rated?

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.

CUA home loans

Overall 7.8*

Price

Features

Customer service

Convenience

Trust

89 Reviews

* Overall rating based on reviews in the past 12 months.

Recent CUA home loan reviews Recent CUA home loan reviews

CUA

CUA Equity Line Of Credit home loan review

Overall rating   7 / 10

Good premiums, works for us.

We live in a regional town and the closest branches ( in other regional towns within 45 mins drive) have now closed. All communication is electronic unless we travel a fair distance, but electronic works OK.

Full review

We live in a regional town and the closest branches ( in other regional towns within 45 mins drive) have now closed. All communication is electronic unless we travel a fair distance, but electronic works OK.

    Price   6 / 10

    Features   4 / 10

    Customer service   7 / 10

    Convenience   3 / 10

    Trust   8 / 10

Less

Judith (NSW), reviewed 8 months ago

CUA

CUA Fresh Start Access Variable Home Loan (Owner Occupier) home loan review

Overall rating   8 / 10

Love our local branch.

Our local branch was amazing but corporate let us down when trying to settle the loan within a set timeframe.

Full review

Our local branch was amazing but corporate let us down when trying to settle the loan within a set timeframe.

    Price   9 / 10

    Features   8 / 10

    Customer service   7 / 10

    Convenience   8 / 10

    Trust   8 / 10

Less

Jo (QLD), reviewed 8 months ago

CUA

CUA Fixed Rate Loan (Owner Occupier) home loan review

Overall rating   10 / 10

Competitive fixed products

CPremium fixed is awesome as you can still pay extra with no restrictions.

Full review

CPremium fixed is awesome as you can still pay extra with no restrictions.

    Price   9 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Tanya (QLD), reviewed 9 months ago

CUA

CUA Basic Variable Rate Loan (Owner Occupier) home loan review

Overall rating   8 / 10

Great home loan rates and friendly service

Cua have always been either better or on par with other basic variable rates and we have never had a problem with them. They are always friendly in their branches and having the Redi ATMs as part of their service, it makes it easy to find an ATM...

Full review

Cua have always been either better or on par with other basic variable rates and we have never had a problem with them. They are always friendly in their branches and having the Redi ATMs as part of their service, it makes it easy to find an ATM that won't charge a fee. My only negative is that you have to go into a branch to chase up a better deal. They have a cheaper rate at the moment that I wouldn't have known about if I didn't go into the branch. Maybe I could have been notified about it by an email at the very least. Also depositing in an ATM would be helpful too.

    Price   8 / 10

    Features   7 / 10

    Customer service   10 / 10

    Convenience   8 / 10

    Trust   8 / 10

Less

Terry (QLD), reviewed 10 months ago

CUA

CUA home loan review

Overall rating   9 / 10

Great to deal with, low interest rates

They are always willing to help even in difficult times

Full review

They are always willing to help even in difficult times

    Price   8 / 10

    Features   10 / 10

    Customer service   7 / 10

    Convenience   8 / 10

    Trust   10 / 10

Less

Cheryl (VIC), reviewed 10 months ago

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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.

* The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a home loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years, and applies only to this example. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

‡ 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.

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.

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