CUA Rate Breaker (Package)

4.22% p.a.

4.57% p.a.

$350.00 yearly

4.52% p.a.

4.86% p.a.

$350.00 yearly

CUA Rate Breaker (Package) Review

Rates and fees information correct as at 13 December 2017.

Review published: 11 October 2012

What's hot:

  • No application fee

  • Low 4.22% variable rate

What's not:

  • $350 yearly service fee

Mozo snapshot:

The Rate Breaker Package home loan has a 4.22% variable rate, no application fees and comes with a stack of packaged extras such as discounts on general insurance, one month free premium on CUA health insurance each year and a CUA Platinum MasterCard with no annual fee.

Key features:

The Rate Breaker Package Home Loan is available for loans between $250,000 and $1,500,000. There's no upfront application fee and one free property valuation. It is available for loans up to 95% of the property value for owner occupiers but mortgage insurance is required over 80% LVR.

The CUA Rate Breaker Package has a 100% mortgage offset account which can help you save a stack of interest. You can also make lump sum payments to your account without penalty and if you ever need the cash back, there is a free redraw facility.

The CUA Rate Breaker Package is called a 'package' because it comes with a Platinum MasterCard with no annual fee, 1 month free premium each year on CUA health insurance, up to a 5% discount on car insurance and up to a 10% discount on home, contents and landlords insurance.

There are fees and charges with the CUA Rate Breaker Package such as the $350 a year service fee and the $195 settlement fee.

Who it's good for:

Anyone who is looking for a big bank alternative and wants to do all their banking with a single provider.

Any catches?

Loan repayments are required on a monthly basis, so watch your budget if you're paid weekly or fortnightly.

How are CUA home loans rated by the Mozo community?

Product Type Overall Rating Price Features Service Convenience Trust
7.8

Based on 89
CUA home loans reviews

7.9 7.5 7.8 6.8 7.7

Read CUA home loan reviews by the Mozo community

Latest reviews of CUA Rate Breaker (Package)

CUA

CUA Rate Breaker (Owner Occupier) (Package) home loan review

Overall rating   1 / 10

Debacle, fiasco

Been with CUA since 1998. They used to be brilliant, the best kept secret in banking. How times have changed. We finalised a home loan in 2008, got stung an early close out fee of several thousand dollars despite having a written letter from...

Full review

Been with CUA since 1998. They used to be brilliant, the best kept secret in banking. How times have changed. We finalised a home loan in 2008, got stung an early close out fee of several thousand dollars despite having a written letter from the loan Manager to say the letter was not valid. We appealed and had a reply in mins - No. Stupidly, we took a home loan in 2014 with CUA – total debacle, I have spent many days sorting out the numerous issues with the loan, currently 7 and counting. Service appalling, mortgage broker, real estate, settlement agent and ourselves could never speak the person we needed, nor could we get an answer to emails. Communication ended up by email when they sent it only. They lost documents etc etc. Absolutely hopeless. My wife was even asked on one occasion when she got through “did we think our loan was more important than their other work” when asking how the search for the missing documents was going at 4pm the afternoon before a 10am settlement. Foreign service staff’s grasp of English language was so poor we had to deal by email. And even then it was almost impossible to understand requiring several to clarify, and on occasions a leap of faith that they actually knew what we were asking.

    Price   8 / 10

    Features   8 / 10

    Customer service   0 / 10

    Convenience   0 / 10

    Trust   1 / 10

Less

Michael (WA), reviewed almost 3 years ago

CUA

CUA Rate Breaker (Owner Occupier) (Package) home loan review

Overall rating   9 / 10

Banking like it should be, where you matter!

Fantastic customer service, which actually makes me feel important! I am listened to and treated like a real person, not just a number. They always follow up on issues that arise, and it is great to go to a place where they know your name and...

Full review

Fantastic customer service, which actually makes me feel important! I am listened to and treated like a real person, not just a number. They always follow up on issues that arise, and it is great to go to a place where they know your name and genuinely care about how you are going.

    Price   8 / 10

    Features   8 / 10

    Customer service   10 / 10

    Convenience   9 / 10

    Trust   9 / 10

Less

Annette (QLD), reviewed almost 4 years ago

CUA

CUA Rate Breaker (Owner Occupier) (Package) home loan review

Overall rating   7 / 10

Good rate

Good rate but they are slow in responding.

Full review

Good rate but they are slow in responding.

    Price   8 / 10

    Features   5 / 10

    Customer service   6 / 10

    Convenience   7 / 10

    Trust   8 / 10

Less

Mozo reviewer (ACT), reviewed over 4 years ago

CUA

CUA Rate Breaker (Owner Occupier) (Package) home loan review

Overall rating   10 / 10

Best rate among all banks,excellent service!

CUA has the best interest rate among all banks/credit unions and they are flexible to fit in the needs of the customer and provide great customer service as well. :) I will go back to them for any other loans/insurances I need and highly recommend...

Full review

CUA has the best interest rate among all banks/credit unions and they are flexible to fit in the needs of the customer and provide great customer service as well. :) I will go back to them for any other loans/insurances I need and highly recommend them to friends and family.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Saurav (VIC), reviewed over 4 years ago

CUA

CUA Rate Breaker (Owner Occupier) (Package) home loan review

Overall rating   8 / 10

Friendly helpful staff

This product provides us with the lowest rate as a loyal customer. Staff are willing to provide the best available product for your needs.

Full review

This product provides us with the lowest rate as a loyal customer. Staff are willing to provide the best available product for your needs.

    Price   9 / 10

    Features   8 / 10

    Customer service   8 / 10

    Convenience   8 / 10

    Trust   8 / 10

Less

Mozo reviewer (QLD), reviewed over 4 years 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.

Currently showing

Rates

  • 4.22% p.a.

  • n/a

  • 0 Months

  • none

  • 4.57% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees

  • $0.00

  • $0.00

  • $0.00

  • $195.00

  • none

  • $350.00 yearly

  • $200.00

Other financial bits

  • $250,000

  • $1,500,000

  • none

  • 95.00%

Features

  • Owner Occupier

  • Principal & Interest, Interest Only

  • Monthly

  • yes - free

  • no

  • yes - free

  • $0.00

  • yes

  • yes

  • none

  • Package Benefits include up to 10% discount on home insurance, up to 5% discount on car insurance, 1 month free each year on health insurance.

Rates

  • 4.52% p.a.

  • n/a

  • 0 Months

  • none

  • 4.86% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees

  • $0.00

  • $0.00

  • $0.00

  • $195.00

  • none

  • $350.00 yearly

  • $200.00

Other financial bits

  • $250,000

  • $1,500,000

  • none

  • 95.00%

Features

  • Investor

  • Principal & Interest, Interest Only

  • Monthly

  • yes - free

  • no

  • yes - free

  • $0.00

  • yes

  • yes

  • none

  • Package Benefits include up to 10% discount on home insurance, up to 5% discount on car insurance, 1 month free each year on health insurance.

About CUA

CUA (Credit Union Australia) aims to be Australia's leading member-owned banking alternative. Being 100% member-owned means that all of CUA's profits go back into developing its competitive banking services. So if you're after a change for the better, check out CUA's range of home loans, personal loans, credit cards, savings accounts and more. CUA is Australia's largest credit union, with over 400,000 members and more than 70 branches on the East Coast of Australia and in Perth.

*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.

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