Standard Variable Rate Home Loans
Featured Home Loan
Standard Variable - Principal & Interest - Owner Occupied ≤97% LVR ☉︎§︎#
Interest rate
7.24 % p.a.
Comparison rate
7.29 % p.a.
Additional repayment fees
$0
Redraw fees
$0
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.
Standard Variable Rate Home Loan
Our Standard Variable Rate Home Loan is ideal for those seeking significant flexibility. As you can see from the features list, it puts some seriously valuable interest-saving options at your disposal.
Quick and easy application
Our paperless application makes it simple for you to apply online, over the phone or in person.
Links to our Home Loan Offset Account
Unlimited additional repayments and redraw those extra repayments
Speak to our Home Lending Specialists on how you can do this!
Standard Variable Rate Home Loan interest rates
| Product Name | Interest Rate | Comparison rate |
|---|---|---|
| Standard Variable - Principal & Interest - Owner Occupied ≤97% LVR ☉︎§︎# | 7.24% p.a. | 7.29% p.a. |
| Standard Variable - Interest Only - Owner Occupied ≤80% LVR ^§︎# | 9.39% p.a. | 8.37% p.a. |
| Standard Variable - Principal & Interest - Investment ≤97% LVR ☉︎# | 7.49% p.a. | 7.54% p.a. |
| Standard Variable - Interest Only - Investment ≤80% LVR ^# | 7.79% p.a. | 7.67% p.a. |
Fees
Fee
Amount
$600
$0
$0
Other fees and charges may apply. This is general advice only and you should consider the terms and conditions before determining whether any of our products are suitable to your situation.
Start your application now
For a home loan that makes you feel at home – get in touch with us today.
Start your home loan application online anytime, anywhere.
Details you’ll need to have handy:
- your income and living expense details
- information about what you own and what you owe.
We’ll call you back within 48 hours to talk you through the next steps.
Don’t have time to visit us? No problem. We can come to you!
Simply book an appointment with one of our Mobile Lending Managers at a time and place that suits you.
FREQUENTLY ASKED QUESTIONS
View all Loans FAQsThe Credit Union SA Home Loan Package is designed to help you save money. It offers a fantastic collection of bundled benefits across Home Loans, Visa credit cards, Personal Loans, Transaction Accounts, Term Deposits and more.
When you're buying or building a home or apartment you intend to live in, it's called an owner occupied property. This includes holiday homes that you don’t rent out and purchases of land on which you intend to build on, to live in. When you're applying for a home loan, you'll need to specify whether you're applying for an owner occupied loan or an investment loan. This distinction can change the interest rate options and loan features available to you.
You can apply for a home loan through any of the following methods:
Or,
- Make an appointment with one of our Mobile Lending Managers
- Fill in the application form and send to us by fax or post
- Call one of our Home Loans Specialists on 13 8777
- Visit us at 400 King William Street, Adelaide to speak to one of our Home Loan Specialists
Generate a Home Loans Key Facts Sheet (HLKFS) on our website.
A Home Loans Key Facts Sheet (HLKFS) will provide you with information about our standard home loans that you can compare with other financial institutions. To generate one you'll need to select the home loan product type and enter the loan amount and loan term.
It will depend on the type of home loan you choose as to whether an annual fee applies. However, no monthly fees apply to our home loans. Visit our Home Loan Fees Information Page to find out more.
The LVR is the loan amount as a percentage of the total value of the property. For example, if you are borrowing $280,000 to purchase a house valued at $350,000 then your LVR is 80%. The maximum LVR that you can borrow up to depends on several factors including the type of loan, the loan amount that you’re applying for and your capacity to make repayments.
Providing you redraw a minimum of $500 at a time, you can redraw excess funds at any time for no fees. To find out more visit the Compare Home Loans page.
Home Loan Calculators
We’ve got you sorted with a number of handy calculators that will help you work out exactly what you’ll need to do to achieve your financial goals, whether that be borrowing money, making repayments, or creating a savings plan.
2020 Mozo Expert Choice Awards
We’re excited to announce that we’ve taken out top honours in the Mozo Expert Choice Awards to be named Australia’s Best Small Credit Union for 2020.
- 2020 Mozo Expert Choice Awards - Best Small Credit Union
- 2020 Mozo Expert Choice Awards - Best Packaged Home Loan
- 2018 Canstar – a 5-Star Rating for Outstanding Value
- 2018 Mozo Experts Choice
- 2017 Mozo Experts Choice
- 2016 Mozo Experts Choice
Australia’s Best Digital Bank 2020
We have been recognised as Australia’s ‘Best Digital Bank’ for non-major banks at the 2020 DBM Australian Financial Awards. This award acknowledges the hard work of our teams and vendors in delivering the best digital experience to our members.
Credit Union SA had the highest average satisfaction rating of mobile and online banking from their members over January 2019 through December 2019, which is why we were awarded Australia’s ‘Best Digital Bank’.
The credit union difference
At Credit Union SA, we offer all the same services as a bank but with one very important difference - our highest priorities are our members and our community.
GUIDES AND NEWS
How we
can help
Contact us
You can contact us by calling us, visiting us, making an appointment, or using Secure Mail.
Call us
We’re here to answer any questions you might have – make sure you have your Access Code ready!
Visit us
400 King William Street, Adelaide has self-service options available to make your life easier.
Mobile Lending Managers
Our Mobile Lending Managers can help our members by phone or email, with video calls now available.
INFORMATION YOU SHOULD KNOW
Download a copy of our Home Loan Interest Rates, Fees and Charges.
The target market for this product can be found within the product’s Target Market Determination (TMD), available at creditunionsa.com.au/legal/terms-and-conditions/target-market-determination.
☉︎
Available where the loan to value ratio is 97% or less, including capitalised LMI.§︎
Available for Family Home Guarantee (FHG), First Home Guarantee (FHBG) and Regional First Home Buyer Guarantee (RFHBG) participants who meet the scheme eligibility requirements of Housing Australia Scheme Loans. Interest Only only available for construction, after your construction period your loan will revert to principal and interest.#
Interest rates are subject to change without notice. Comparison rates are based on a $150,000 secured loan for 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 repayments are only available where the loan to value ratio is 80% or less.