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Home Loans

Discounted Variable Rate Home Loans

As the name suggests, variable rates aren’t fixed and neither is your minimum repayment. When the rate drops, you pay a little less. When it goes up, you pay a little more.

The rate isn’t the only flexible ingredient, though. Our variable rate home loans also offer many convenient features to help you pay off your loan sooner.  

Discounted Variable Rate Home Loan

Our Discounted Variable Rate Home Loan is a great choice if you’re a budget-conscious borrower on the lookout for something simple, but effective, that won’t charge you extra if you want to repay it faster (and save heaps in the process).


No loan application, monthly or annual fees 

Unlimited fee-free additional repayments

In fact, repay the whole loan as fast as you like, without penalty.

Redraw those extra repayments

Any time, and at no cost.

Put repayments on-hold for a while

If your circumstances change.

Discounted Variable Rate Home Loans

Product Name Interest Rate Comparison Rate
Owner Occupied 4.62% pa 4.64% pa
Owner Occupied - Interest only# 4.92% pa 4.94% pa
Investment 5.07% pa 5.09% pa
Investment - Interest only# 5.37% pa 5.39% pa


Fee Amount
Application Fee$0
Monthly Fee$0
Redraw Fee$0

How we can help

Looking for a rate with a bit more certainty? Check out our competitive Fixed Home Loan rates.

The ultimate in savings and flexibility. The Credit Union SA Home Loan Package offers a fantastic collection of benefits across our home loans, Visa credit cards, personal loans, investments and more.

Looking for rates with a little more flexibility? Check out our competitive Standard Variable Home Loan rates.

Everything you get from everything we have. Compare the features and benefits of our current Home Loans that are available.


The Borrowing power calculator will determine what amount a lender may lend you based on your income and expenses.

The Home Loan Repayment calculator allows you to calculate your repayments for different loans, for various terms and payment frequencies.

The Buying and Selling Costs calculator will calculate the costs of buying and selling, including real estate agent costs and stamp duty.

Interest rates are current as at 5/12/2017 and are subject to change. Lending criteria, fees, conditions apply and are available upon request. Comparison rates are based on a $150,000 secured loan over 25 years. WARNING: These comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

#Interest only interest rates apply when you request to only repay interest charges on you loan. For construction and bridging loans, you will only be charged interest only interest rates if, after your construction or bridging period, your repayments will not be principal & interest repayments.