The details shown below are for an owner occupier taking out a principal & interest loan between $100,000 and $5,000,000 with an LVR below 95%
The details shown below are for an owner occupier taking out a interest only loan between $100,000 and $5,000,000 with an LVR below 80%
The details shown below are for an investor taking out a principal & interest loan between $100,000 and $5,000,000 with an LVR below 90%
The details shown below are for an investor taking out a interest only loan between $100,000 and $5,000,000 with an LVR below 90%
Choose the version of this loan that suits you best
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
| | Owner Occupier | Principal & Interest | < 95% | $100,000 | $5,000,000 |
| | Owner Occupier | Interest Only | < 80% | $100,000 | $5,000,000 |
| | Investor | Principal & Interest | < 90% | $100,000 | $5,000,000 |
| | Investor | Interest Only | < 90% | $100,000 | $5,000,000 |
Owner Occupier (Principal & Interest)
LVR < 95%
Loan: $100,000 $5,000,000
Owner Occupier (Interest Only)
LVR < 80%
Loan: $100,000 $5,000,000
Investor (Principal & Interest)
LVR < 90%
Loan: $100,000 $5,000,000
Investor (Interest Only)
LVR < 90%
Loan: $100,000 $5,000,000
The Accelerate Variable Home Loan from CUA is a feature-rich option suitable for all types of borrowers - from first time buyers with lower deposits to refinancers and investors.
The highlight of the Accelerate Variable Home Loan is its wide range of features. Want to make extra repayments to pay off your loan faster? What about dipping into those additional repayments via a redraw facility? Or splitting your loan into variable and fixed segments with one a CUA fixed rate loan? These are all possible.
The Accelerate Variable Home Loan even allows borrowers to open multiple offset accounts so they can save on interest over time.
What about the rates though? While they’re not quite up there with the sharpest on the market, the Accelerate Variable rates are fairly solid - especially for borrowers with lower deposits (who are often charged a rate premium):
2.94% (2.99% comparison rate*) - For owner occupiers making principal and interest repayments with an LVR below 95% on loans between $100,000 and $5,000,000.
3.37% (3.42% comparison rate*) - For investors making principal and interest repayments with an LVR below 95% on loans between $100,000 and $5,000,000.
There are also options available for borrowers wanting to make interest-only repayments, but these come with higher rates.
While the Accelerate Variable Home Loan doesn’t come with any monthly or annual service fee, there are a number of hefty one-off fees to be aware of: the $600 application fee, $235 settlement fee and $500 discharge fee. Any legal fees will also be charged at cost.
For a limited time, CUA are also giving $2,000 cashback (in the form of a Digital Prepaid Mastercard) to eligible refinancers. The deal is available to new customers who refinance at least $250,000 by March 31, 2021 and settle the loan by June 30, 2021.
CUA’s Accelerate Variable Home Loan could be a great pick for owner occupiers or investors looking for a full feature home loan, especially those who are wanting to borrow with a lower deposit.
The Accelerate Variable Home Loan is only available to new CUA customers, so existing CUA mortgage holders won’t be able to make the switch to this loan.
2.94% p.a.
n/a
n/a
n/a
2.99% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$600.00
n/a
$0.00
$235.00
n/a
$0.00
$500.00
$100,000
$5,000,000
none
95.00%
Owner Occupier
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
no
yes - free
$0.00
yes
yes
New loans only. Not available for switching from existing CUA home loans into this product. Legal fees charged at cost
none
Refinance with CUA and receive a $2,000 Digital Prepaid Mastercard, min new lending of $250,000 and maximum 80% LVR.
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.
3.44% p.a.
n/a
n/a
n/a
3.51% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$600.00
n/a
$0.00
$235.00
n/a
$0.00
$500.00
$100,000
$5,000,000
none
80.00%
Owner Occupier
Interest Only
Weekly, Fortnightly, Monthly
yes - free
no
yes - free
$0.00
yes
yes
New loans only. Not available for switching from existing CUA home loans into this product. Legal fees charged at cost
none
Refinance with CUA and receive a $2,000 Digital Prepaid Mastercard, min new lending of $250,000 and maximum 80% LVR.
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.
3.37% p.a.
n/a
n/a
n/a
3.44% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$600.00
n/a
$0.00
$235.00
n/a
$0.00
$500.00
$100,000
$5,000,000
none
90.00%
Investor
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
no
yes - free
$0.00
yes
yes
New loans only. Not available for switching from existing CUA home loans into this product. Legal fees charged at cost
none
Refinance with CUA and receive a $2,000 Digital Prepaid Mastercard, min new lending of $250,000 and maximum 80% LVR.
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.
3.72% p.a.
n/a
n/a
n/a
3.79% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$600.00
n/a
$0.00
$235.00
n/a
$0.00
$500.00
$100,000
$5,000,000
none
90.00%
Investor
Interest Only
Weekly, Fortnightly, Monthly
yes - free
no
yes - free
$0.00
yes
yes
New loans only. Not available for switching from existing CUA home loans into this product. Legal fees charged at cost
none
Refinance with CUA and receive a $2,000 Digital Prepaid Mastercard, min new lending of $250,000 and maximum 80% LVR.
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.
Service is ok. The product is ok. The availability of branches is not good.
Read full reviewService is ok. The product is ok. The availability of branches is not good.
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 reviewWe 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.
Worst bank ever to deal with or be assisted!!
Read full reviewWorst bank ever to deal with or be assisted!!
I like CUA as they have great customer service, however I have to travel to the city for our nearest branch (45 min). Consequently, we're looking to change.
Read full reviewI like CUA as they have great customer service, however I have to travel to the city for our nearest branch (45 min). Consequently, we're looking to change.
CUA is Australia's largest credit union and an alternative to the big banks, offering financial, health and insurance solutions to over 500,000 Aussies. As a mutual, it's run by members for members, and reinvests in making its service better for customers and supporting local communities. CUA is committed to helping members through life's big changes, so if you want to make a change for the better, check out CUA's range of home loans, personal loans, credit cards, savings accounts and more.
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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.
