8.5 / 10

based on 12 The Capricornian reviews as rated by Mozo community

The Capricornian home loans

Based in Central Queensland, The Capricornian is a credit union which has been offering a range of banking products, including home loans, to its local customers for more than 60 years. As a member-owned bank, all profit made by The Capricornian is reinvested back into products and customer experience. Get acquainted with all the ins and outs of The Capricornian's mortgage offers below. 

What home loans do The Capricornian offer?

Rates and fees verified as correct at 23 April, 2021. Other information correct at the time of writing. Advertiser disclosure.

Fixed Rate Home Loans

If you’re looking for the comfort of knowing your interest rate will stay the same for a set time, then a fixed rate home loan from The Capricornian could be for option for you. Available for owner-occupiers and investors looking to lock in a 2-year or 3-year fixed rate term, both the Premium Choice Home Loan (Fixed Rate) and Lifestyle Home Loan (Fixed Rate) offers are available on loans of at least $50,000. Borrowers will be able to choose between making weekly, fortnightly or monthly repayments and make use of an offset account. There are a few one-off upfront and other fees to take into account though. 

Home loan repayments calculator

years

Product Fixed 3 year rate Comparison Rate Service fee Upfront fee Monthly repayments

2.80% p.a.

4.09% p.a.

$0.00

$500

3.05% p.a.

4.16% p.a.

$0.00

$600

2.64% p.a.

3.83% p.a.

$0.00

$500

2.84% p.a.

3.89% p.a.

$0.00

$600

3.85% p.a.

4.86% p.a.

$0.00

$500

3.35% p.a.

4.36% p.a.

$0.00

$500

3.95% p.a.

4.70% p.a.

$0.00

$500

4.20% p.a.

4.77% p.a.

$0.00

$600

3.65% p.a.

4.40% p.a.

$0.00

$500

3.90% p.a.

4.47% p.a.

$0.00

$600

Variable Rate Home Loans

From the low-cost No Frills Home Loan to the feature-rich Lifestyle Home Loan and Premium Choice Home Loan offers, The Capricornian has a number of variable rate home loans available to borrowers wanting that extra bit of flexibility. The No Frills loan is only available to owner occupiers with a minimum loan amount of $150,000, while the Lifestyle and Premium Choice loans can be taken out by both owner occupiers and investors on loans above $50,000. The fees and features accompanying each offer vary, but borrowers may have access to extra repayments, a redraw facility and an offset account depending on the loan they opt for.

Home loan repayments calculator

years

Product Rate Comparison Rate Service fee Upfront fee Monthly repayments

5.18% p.a.

5.22% p.a.

$0.00

$500

4.68% p.a.

4.72% p.a.

$0.00

$500

3.59% p.a.

3.63% p.a.

$0.00

$600

3.39% p.a.

3.42% p.a.

$0.00

$500

3.09% p.a.

3.13% p.a.

$0.00

$600

3.29% p.a.

3.33% p.a.

$0.00

$600

2.89% p.a.

2.92% p.a.

$0.00

$500

4.30% p.a.

4.33% p.a.

$0.00

$500

4.40% p.a.

4.43% p.a.

$0.00

$500

4.50% p.a.

4.53% p.a.

$0.00

$500

4.00% p.a.

4.03% p.a.

$0.00

$500

4.10% p.a.

4.13% p.a.

$0.00

$500

4.20% p.a.

4.23% p.a.

$0.00

$500

3.89% p.a.

3.93% p.a.

$0.00

$600

3.69% p.a.

3.72% p.a.

$0.00

$500

3.39% p.a.

3.43% p.a.

$0.00

$600

3.59% p.a.

3.63% p.a.

$0.00

$600

3.19% p.a.

3.22% p.a.

$0.00

$500

4.72% p.a.

4.76% p.a.

$0.00

$500

4.82% p.a.

4.86% p.a.

$0.00

$500

4.92% p.a.

4.96% p.a.

$0.00

$500

4.42% p.a.

4.45% p.a.

$0.00

$500

4.52% p.a.

4.55% p.a.

$0.00

$500

4.62% p.a.

4.65% p.a.

$0.00

$500

Line of Credit

The Capricornian’s Line of Credit home loan allows you to unlock the equity you have in your home as a line of credit for your future personal and investment needs and is available for loans over $100,000.

Product Rate Comparison Rate Service fee Upfront fee

5.18% p.a.

n/a

$10.00 monthly

$500

The Capricornian home loan features in a glance

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Free additional repayments

The Capricornian offers variable rate home loan customers the ability to make extra repayments without fees or charges so that they can pay off their loans faster. Just remember this isn't an option available on fixed rate loans though. 

Free icon

Redraw facility

Need access to some extra cash for a renovation or some other personal use? Customers that have already contributed extra repayments towards their loan will be able to dip back into those for free via the redraw facility. Once again, this is a perk only available with a variable rate loan though.

Repayment Icon

Repayment options

With a home loan from The Capricornian you'll be able to align your repayment schedule with when you get paid by choosing from weekly, fortnightly or monthly repayments.

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No monthly fees

Unlike many lenders, The Capricornian doesn't charge any ongoing monthly fees with their home loan offers, which could mean big savings over the term of your loan.

How are The Capricornian home loans rated?

Mozo users have rated The Capricornian home loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of home-loans
The Capricornian home loans
Overall
8.0/10
Price
Features
Customer service
Convenience
Trust

1 Reviews

Recent The Capricornian home loan reviews

The Capricornian Home Loan review
Overall 8/10
Great service and competitive rates.

The bank gives very professional and down to earth customer service, no hassles to complete any transaction and always ready to help and advise of current options and products available to suit my needs. Always pass on interest rate decreases promptly as well.

Read full review

The bank gives very professional and down to earth customer service, no hassles to complete any transaction and always ready to help and advise of current options and products available to suit my needs. Always pass on interest rate decreases promptly as well.

Price
8/10
Features
7/10
Customer service
10/10
Convenience
6/10
Trust
10/10
Less
Fiona, Queensland, reviewed almost 6 years ago

What do you need to apply for a The Capricornian home loan?

Eligible borrowers will be able to start a home loan application online with The Capricornian, though you can also contact the credit union over the phone or by popping into a branch. To make the process as smooth as possible, it may be worthwhile getting the following information together before you apply though: 

  • Personal identification for each applicant (drivers licence and passport)
  • Proof of income (payslips as well as evidence of other income including government payments or rental income)
  • Statements for any assets you own or liabilities you have (e.g. savings, investments or credit card debt)
  • A list of your ongoing expenses (e.g. rent, utilities, insurance costs etc.)
  • Home loan statements (if you’re refinancing)

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