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CUA Accelerate Variable Home Loan

Advertiser disclosure

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

  • 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

Rate
2.94% p.a.
Comparison Rate
2.99% p.a.
Service fee
$0.00
Upfront fee
$835
Rate
3.44% p.a.
Comparison Rate
3.51% p.a.
Service fee
$0.00
Upfront fee
$835
Rate
3.37% p.a.
Comparison Rate
3.44% p.a.
Service fee
$0.00
Upfront fee
$835
Rate
3.72% p.a.
Comparison Rate
3.79% p.a.
Service fee
$0.00
Upfront fee
$835

Mozo editorial review CUA Accelerate Variable Home Loan

Last updated: 25 February 2021.

3.5 / 5
binocular icon
What's hot
  • Borrow with a 5% deposit
  • Offset account, extra repayments and redraws available
  • $2,000 cashback offer
What's not
  • $600 application fee
Mozo snapshot

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.

key icon
Key features

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.

snapshot
Who is it good for

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.

question icon
Any catches

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. 

Picture of Tom Watson
Tom Watson
Finance journalist

Tom Watson is a financial journalist at Mozo and co-host of the Finance Burrito podcast, specialising in fintech, property and business banking. Whether it’s reporting on banking trends or uncovering the latest product innovations, Tom’s mission is to keep our readers up to date with breaking Australian financial news. His work is often sourced in the media and across social media channels. Tom has a degree in Journalism from the University of Technology, Sydney. He is also ASIC RG146 (Tier 2) certified for general advice.

Details

Rates and fees information correct as at 23 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
  • 2.94% 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

Fees
  • $600.00

  • n/a

  • $0.00

  • $235.00

  • n/a

  • $0.00

  • $500.00

Other financial bits
  • $100,000

  • $5,000,000

  • none

  • 95.00%

Features
  • 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.

Details

Rates and fees information correct as at 23 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
  • 3.44% 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

Fees
  • $600.00

  • n/a

  • $0.00

  • $235.00

  • n/a

  • $0.00

  • $500.00

Other financial bits
  • $100,000

  • $5,000,000

  • none

  • 80.00%

Features
  • 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.

Details

Rates and fees information correct as at 23 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
  • 3.37% 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

Fees
  • $600.00

  • n/a

  • $0.00

  • $235.00

  • n/a

  • $0.00

  • $500.00

Other financial bits
  • $100,000

  • $5,000,000

  • none

  • 90.00%

Features
  • 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.

Details

Rates and fees information correct as at 23 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
  • 3.72% 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

Fees
  • $600.00

  • n/a

  • $0.00

  • $235.00

  • n/a

  • $0.00

  • $500.00

Other financial bits
  • $100,000

  • $5,000,000

  • none

  • 90.00%

Features
  • 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.

Customer Reviews

How are CUA home loans rated by the Mozo community?

Overall
8.1/10

Based on 380 CUA home loan reviews

Price
7.9/10
Features
7.7/10
Customer service
8.2/10
Convenience
7.4/10
Trust
8.1/10

Latest reviews of CUA Accelerate Variable Home Loan

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About CUA

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.