Credit Union SA Home Loan Interest Rates, Calculator & Reviews - Best Find

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Credit Union Sa Home Loans

Special Offer - Variable rate - Owner occupied

Credit Union SA's Special Offer - Variable rate - Owner occupied <80% offers a low rate Variable home loan with comparison rates from 4.14%

Home Loan Overview

Maximum LVR 80%

Maximum insured LVR 80%

Minimum loan amount$150,000

Maximum loan amount$100,000,000

Minimum loan term 1 year

Maximum loan term 30 years

Interest rate type Variable

Advertised rate3.74%

Comparison rate4.14%

Repayments & Redraws

Monthly repayments (approx)$1,284

Total repayments (approx)$385,242

Total interest (approx)$635,242

Redraw facility Yes

Redraw fee $0

Minimum redraw amount $500

Offset facility No

Extra repayments allowed? Yes

Extra repayment fees $0

Extra repayments restrictions Up to $10k per year

Repayments weekly Yes

Repayments biweekly Yes

Repayments monthly Yes

Home Loan Fees

Application fee $0

Legal fee At cost

Valuation fee At cost

Settlement fee $0

Discharge fee $350

Regular or monthly fee $0

Loan Availability

InvestmentNo

First home buyersYes

Owner occupierYes

RefinanceYes

Line of creditNo

Self-managed superNo

State availabilitySA

Other

SponsoredNo

Data accurate as of22/11/2017

Comparison warning Comparison rates are based on a $150,000 secured loan for 25 years. 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.

Hide info ˄

Variable Home Loan Package - Owner occupied

Credit Union SA's Variable Home Loan Package - Owner occupied offers a low rate Variable home loan with comparison rates from 4.69%

Home Loan Overview

Maximum LVR 90%

Maximum insured LVR 90%

Minimum loan amount$20,000

Maximum loan amount$100,000,000

Minimum loan term 1 year

Maximum loan term 30 years

Interest rate type Variable

Advertised rate4.30%

Comparison rate4.69%

Repayments & Redraws

Monthly repayments (approx)$1,365

Total repayments (approx)$409,632

Total interest (approx)$659,632

Redraw facility Yes

Redraw fee $0

Minimum redraw amount $500

Offset facility Yes

Extra repayments allowed? Yes

Extra repayment fees $0

Extra repayments restrictions None

Repayments weekly Yes

Repayments biweekly Yes

Repayments monthly Yes

Home Loan Fees

Application fee $600

Legal fee At cost

Valuation fee At cost

Settlement fee $150

Discharge fee $350

Regular or monthly fee $0

Loan Availability

InvestmentNo

First home buyersYes

Owner occupierYes

RefinanceYes

Line of creditNo

Self-managed superNo

State availabilitySA

Other

SponsoredNo

Data accurate as of22/11/2017

Comparison warning Comparison rates are based on a $150,000 secured loan for 25 years. 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.

Hide info ˄

Variable Home Loan Package - Investment Home Loan $150k+

Credit Union SA's Variable Home Loan Package - Investment Home Loan $150k+ offers a low rate Variable home loan with comparison rates from 5.13%

Home Loan Overview

Maximum LVR 97%

Maximum insured LVR 97%

Minimum loan amount$150,000

Maximum loan amount$2,000,000

Minimum loan term 1 year

Maximum loan term 30 years

Interest rate type Variable

Advertised rate4.75%

Comparison rate5.13%

Repayments & Redraws

Monthly repayments (approx)$1,426

Total repayments (approx)$427,902

Total interest (approx)$677,902

Redraw facility Yes

Redraw fee $0

Minimum redraw amount $500

Offset facility Yes

Extra repayments allowed? Yes

Extra repayment fees $0

Extra repayments restrictions None

Repayments weekly Yes

Repayments biweekly Yes

Repayments monthly Yes

Home Loan Fees

Application fee $0

Legal fee At cost

Valuation fee At cost

Settlement fee $150

Discharge fee $350

Regular or monthly fee $0

Loan Availability

InvestmentYes

First home buyersYes

Owner occupierNo

RefinanceNo

Line of creditNo

Self-managed superNo

State availabilitySA

Other

SponsoredNo

Data accurate as of22/11/2017

Comparison warning Comparison rates are based on a $150,000 secured loan for 25 years. 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.

Hide info ˄

Standard variable rate - Owner occupied

Credit Union SA's Standard variable rate - Owner occupied offers a low rate Variable home loan with comparison rates from 5.31%

Home Loan Overview

Maximum LVR 90%

Maximum insured LVR 90%

Minimum loan amount$20,000

Maximum loan amount$100,000,000

Minimum loan term 1 year

Maximum loan term 30 years

Interest rate type Variable

Advertised rate5.25%

Comparison rate5.31%

Repayments & Redraws

Monthly repayments (approx)$1,502

Total repayments (approx)$450,783

Total interest (approx)$700,783

Redraw facility Yes

Redraw fee $0

Minimum redraw amount $500

Offset facility Yes

Extra repayments allowed? Yes

Extra repayment fees $0

Extra repayments restrictions None

Repayments weekly Yes

Repayments biweekly Yes

Repayments monthly Yes

Home Loan Fees

Application fee $600

Legal fee At cost

Valuation fee At cost

Settlement fee $150

Discharge fee $350

Regular or monthly fee $0

Loan Availability

InvestmentNo

First home buyersYes

Owner occupierYes

RefinanceYes

Line of creditNo

Self-managed superNo

State availabilitySA

Other

SponsoredNo

Data accurate as of22/11/2017

Comparison warning Comparison rates are based on a $150,000 secured loan for 25 years. 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.

Hide info ˄

Standard Variable Rate - Investment Home Loan

Credit Union SA's Standard Variable Rate - Investment Home Loan offers a low rate Variable home loan with comparison rates from 5.70%

Home Loan Overview

Maximum LVR 97%

Maximum insured LVR 97%

Minimum loan amount$40,000

Maximum loan amount$2,000,000

Minimum loan term 1 year

Maximum loan term 30 years

Interest rate type Variable

Advertised rate5.64%

Comparison rate5.70%

Repayments & Redraws

Monthly repayments (approx)$1,560

Total repayments (approx)$468,258

Total interest (approx)$718,258

Redraw facility Yes

Redraw fee $0

Minimum redraw amount $500

Offset facility Yes

Extra repayments allowed? Yes

Extra repayment fees $0

Extra repayments restrictions None

Repayments weekly Yes

Repayments biweekly Yes

Repayments monthly Yes

Home Loan Fees

Application fee $600

Legal fee At cost

Valuation fee At cost

Settlement fee $150

Discharge fee $350

Regular or monthly fee $0

Loan Availability

InvestmentYes

First home buyersYes

Owner occupierNo

RefinanceNo

Line of creditNo

Self-managed superNo

State availabilitySA

Other

SponsoredNo

Data accurate as of22/11/2017

Comparison warning Comparison rates are based on a $150,000 secured loan for 25 years. 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.

Hide info ˄

Discounted variable rate - Owner occupied

Credit Union SA's Discounted variable rate - Owner occupied offers a low rate Variable home loan with comparison rates from 4.52%

Home Loan Overview

Maximum LVR 90%

Maximum insured LVR 90%

Minimum loan amount$20,000

Maximum loan amount$100,000,000

Minimum loan term 1 year

Maximum loan term 30 years

Interest rate type Variable

Advertised rate4.50%

Comparison rate4.52%

Repayments & Redraws

Monthly repayments (approx)$1,390

Total repayments (approx)$417,123

Total interest (approx)$667,123

Redraw facility Yes

Redraw fee $0

Minimum redraw amount $500

Offset facility No

Extra repayments allowed? Yes

Extra repayment fees $0

Extra repayments restrictions None

Repayments weekly Yes

Repayments biweekly Yes

Repayments monthly Yes

Home Loan Fees

Application fee $0

Legal fee At cost

Valuation fee At cost

Settlement fee $150

Discharge fee $350

Regular or monthly fee $0

Loan Availability

InvestmentNo

First home buyersYes

Owner occupierYes

RefinanceYes

Line of creditNo

Self-managed superNo

State availabilitySA

Other

SponsoredNo

Data accurate as of22/11/2017

Comparison warning Comparison rates are based on a $150,000 secured loan for 25 years. 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.

Hide info ˄

Discounted Variable Rate - Investment Home Loan

Credit Union SA's Discounted Variable Rate - Investment Home Loan offers a low rate Variable home loan with comparison rates from 4.97%

Home Loan Overview

Maximum LVR 97%

Maximum insured LVR 97%

Minimum loan amount$20,000

Maximum loan amount$100,000,000

Minimum loan term 1 year

Maximum loan term 30 years

Interest rate type Variable

Advertised rate4.95%

Comparison rate4.97%

Repayments & Redraws

Monthly repayments (approx)$1,455

Total repayments (approx)$436,521

Total interest (approx)$686,521

Redraw facility Yes

Redraw fee $0

Minimum redraw amount $500

Offset facility No

Extra repayments allowed? Yes

Extra repayment fees $0

Extra repayments restrictions None

Repayments weekly Yes

Repayments biweekly Yes

Repayments monthly Yes

Home Loan Fees

Application fee $0

Legal fee At cost

Valuation fee At cost

Settlement fee $150

Discharge fee $350

Regular or monthly fee $0

Loan Availability

InvestmentYes

First home buyersYes

Owner occupierNo

RefinanceNo

Line of creditNo

Self-managed superNo

State availabilitySA

Other

SponsoredNo

Data accurate as of22/11/2017

Comparison warning Comparison rates are based on a $150,000 secured loan for 25 years. 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.

Hide info ˄

3 year fixed package - Owner occupied

Credit Union SA's 3 year fixed package - Owner occupied offers a low rate Fixed home loan with comparison rates from 4.63%

Home Loan Overview

Maximum LVR 90%

Maximum insured LVR 90%

Minimum loan amount$20,000

Maximum loan amount$100,000,000

Minimum loan term 1 year

Maximum loan term 30 years

Interest rate type Fixed

Advertised rate4.09%

Comparison rate4.63%

Repayments & Redraws

Monthly repayments (approx)$1,333

Total repayments (approx)$399,906

Total interest (approx)$649,906

Redraw facility Yes

Redraw fee $0

Minimum redraw amount $500

Offset facility No

Extra repayments allowed? Yes

Extra repayment fees $0

Extra repayments restrictions Up to $10k per year

Repayments weekly Yes

Repayments biweekly Yes

Repayments monthly Yes

Home Loan Fees

Application fee $0

Legal fee At cost

Valuation fee At cost

Settlement fee $150

Discharge fee $350

Regular or monthly fee $0

Loan Availability

InvestmentNo

First home buyersYes

Owner occupierYes

RefinanceYes

Line of creditNo

Self-managed superNo

State availabilitySA

Other

SponsoredNo

Data accurate as of22/11/2017

Comparison warning Comparison rates are based on a $150,000 secured loan for 25 years. 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.

Hide info ˄

3 Year Fixed Package - Investment Home Loan

Credit Union SA's 3 Year Fixed Package - Investment Home Loan offers a low rate Fixed home loan with comparison rates from 5.02%

Home Loan Overview

Maximum LVR 97%

Maximum insured LVR 97%

Minimum loan amount$20,000

Maximum loan amount$100,000,000

Minimum loan term 1 year

Maximum loan term 30 years

Interest rate type Fixed

Advertised rate4.34%

Comparison rate5.02%

Repayments & Redraws

Monthly repayments (approx)$1,367

Total repayments (approx)$410,394

Total interest (approx)$660,394

Redraw facility Yes

Redraw fee $0

Minimum redraw amount $500

Offset facility No

Extra repayments allowed? Yes

Extra repayment fees $0

Extra repayments restrictions Up to $10k per year

Repayments weekly

Repayments biweekly Yes

Repayments monthly Yes

Home Loan Fees

Application fee $0

Legal fee At cost

Valuation fee At cost

Settlement fee $150

Discharge fee $350

Regular or monthly fee $0

Loan Availability

InvestmentYes

First home buyersYes

Owner occupierNo

RefinanceNo

Line of creditNo

Self-managed superNo

State availabilitySA

Other

SponsoredNo

Data accurate as of22/11/2017

Comparison warning Comparison rates are based on a $150,000 secured loan for 25 years. 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.

Hide info ˄

3 year fixed - Owner occupied

Credit Union SA's 3 year fixed - Owner occupied offers a low rate Fixed home loan with comparison rates from 5.05%

Home Loan Overview

Maximum LVR 90%

Maximum insured LVR 90%

Minimum loan amount$20,000

Maximum loan amount$100,000,000

Minimum loan term 1 year

Maximum loan term 30 years

Interest rate type Fixed

Advertised rate4.29%

Comparison rate5.05%

Repayments & Redraws

Monthly repayments (approx)$1,364

Total repayments (approx)$409,209

Total interest (approx)$659,209

Redraw facility Yes

Redraw fee $0

Minimum redraw amount $500

Offset facility No

Extra repayments allowed? Yes

Extra repayment fees $0

Extra repayments restrictions Up to $10k per year

Repayments weekly Yes

Repayments biweekly Yes

Repayments monthly Yes

Home Loan Fees

Application fee $600

Legal fee At cost

Valuation fee At cost

Settlement fee $150

Discharge fee $350

Regular or monthly fee $0

Loan Availability

InvestmentNo

First home buyersYes

Owner occupierYes

RefinanceYes

Line of creditNo

Self-managed superNo

State availabilitySA

Other

SponsoredNo

Data accurate as of22/11/2017

Comparison warning Comparison rates are based on a $150,000 secured loan for 25 years. 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.

Hide info ˄

3 Year Fixed - Investment Home Loan

Credit Union SA's 3 Year Fixed - Investment Home Loan offers a low rate Fixed home loan with comparison rates from 5.40%

Home Loan Overview

Maximum LVR 97%

Maximum insured LVR 97%

Minimum loan amount$20,000

Maximum loan amount$100,000,000

Minimum loan term 1 year

Maximum loan term 30 years

Interest rate type Fixed

Advertised rate4.54%

Comparison rate5.40%

Repayments & Redraws

Monthly repayments (approx)$1,396

Total repayments (approx)$418,830

Total interest (approx)$668,830

Redraw facility Yes

Redraw fee $0

Minimum redraw amount $500

Offset facility No

Extra repayments allowed? Yes

Extra repayment fees $0

Extra repayments restrictions Up to $10k per year

Repayments weekly

Repayments biweekly Yes

Repayments monthly Yes

Home Loan Fees

Application fee $0

Legal fee At cost

Valuation fee At cost

Settlement fee $150

Discharge fee $350

Regular or monthly fee $0

Loan Availability

InvestmentYes

First home buyersYes

Owner occupierNo

RefinanceNo

Line of creditNo

Self-managed superNo

State availabilitySA

Other

SponsoredNo

Data accurate as of22/11/2017

Comparison warning Comparison rates are based on a $150,000 secured loan for 25 years. 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.

Hide info ˄

2 year fixed package - Owner occupied

Credit Union SA's 2 year fixed package - Owner occupied offers a low rate Fixed home loan with comparison rates from 4.65%

Home Loan Overview

Maximum LVR 90%

Maximum insured LVR 90%

Minimum loan amount$20,000

Maximum loan amount$100,000,000

Minimum loan term 1 year

Maximum loan term 30 years

Interest rate type Fixed

Advertised rate4.09%

Comparison rate4.65%

Repayments & Redraws

Monthly repayments (approx)$1,333

Total repayments (approx)$399,906

Total interest (approx)$649,906

Redraw facility Yes

Redraw fee $0

Minimum redraw amount $500

Offset facility No

Extra repayments allowed? Yes

Extra repayment fees $0

Extra repayments restrictions Up to $10k per year

Repayments weekly Yes

Repayments biweekly Yes

Repayments monthly Yes

Home Loan Fees

Application fee $0

Legal fee At cost

Valuation fee At cost

Settlement fee $150

Discharge fee $350

Regular or monthly fee $0

Loan Availability

InvestmentNo

First home buyersYes

Owner occupierYes

RefinanceYes

Line of creditNo

Self-managed superNo

State availabilitySA

Other

SponsoredNo

Data accurate as of22/11/2017

Comparison warning Comparison rates are based on a $150,000 secured loan for 25 years. 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.

Hide info ˄

2 Year Fixed Package - Investment Home Loan

Credit Union SA's 2 Year Fixed Package - Investment Home Loan offers a low rate Fixed home loan with comparison rates from 5.05%

Home Loan Overview

Maximum LVR 97%

Maximum insured LVR 97%

Minimum loan amount$20,000

Maximum loan amount$100,000,000

Minimum loan term 1 year

Maximum loan term 30 years

Interest rate type Fixed

Advertised rate4.34%

Comparison rate5.05%

Repayments & Redraws

Monthly repayments (approx)$1,367

Total repayments (approx)$410,394

Total interest (approx)$660,394

Redraw facility Yes

Redraw fee $0

Minimum redraw amount $500

Offset facility No

Extra repayments allowed? Yes

Extra repayment fees $0

Extra repayments restrictions Up to $10k per year

Repayments weekly

Repayments biweekly Yes

Repayments monthly Yes

Home Loan Fees

Application fee $0

Legal fee At cost

Valuation fee At cost

Settlement fee $150

Discharge fee $350

Regular or monthly fee $0

Loan Availability

InvestmentYes

First home buyersYes

Owner occupierNo

RefinanceNo

Line of creditNo

Self-managed superNo

State availabilitySA

Other

SponsoredNo

Data accurate as of22/11/2017

Comparison warning Comparison rates are based on a $150,000 secured loan for 25 years. 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.

Hide info ˄

2 year fixed - Owner occupied

Credit Union SA's 2 year fixed - Owner occupied offers a low rate Fixed home loan with comparison rates from 5.13%

Home Loan Overview

Maximum LVR 90%

Maximum insured LVR 90%

Minimum loan amount$20,000

Maximum loan amount$100,000,000

Minimum loan term 1 year

Maximum loan term 30 years

Interest rate type Fixed

Advertised rate4.29%

Comparison rate5.13%

Repayments & Redraws

Monthly repayments (approx)$1,364

Total repayments (approx)$409,209

Total interest (approx)$659,209

Redraw facility Yes

Redraw fee $0

Minimum redraw amount $500

Offset facility No

Extra repayments allowed? Yes

Extra repayment fees $0

Extra repayments restrictions Up to $10k per year

Repayments weekly Yes

Repayments biweekly Yes

Repayments monthly Yes

Home Loan Fees

Application fee $600

Legal fee At cost

Valuation fee At cost

Settlement fee $150

Discharge fee $350

Regular or monthly fee $0

Loan Availability

InvestmentNo

First home buyersYes

Owner occupierYes

RefinanceYes

Line of creditNo

Self-managed superNo

State availabilitySA

Other

SponsoredNo

Data accurate as of22/11/2017

Comparison warning Comparison rates are based on a $150,000 secured loan for 25 years. 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.

Hide info ˄

2 Year Fixed - Investment Home Loan

Credit Union SA's 2 Year Fixed - Investment Home Loan offers a low rate Fixed home loan with comparison rates from 5.49%

Home Loan Overview

Maximum LVR 97%

Maximum insured LVR 97%

Minimum loan amount$20,000

Maximum loan amount$100,000,000

Minimum loan term 1 year

Maximum loan term 30 years

Interest rate type Fixed

Advertised rate4.54%

Comparison rate5.49%

Repayments & Redraws

Monthly repayments (approx)$1,396

Total repayments (approx)$418,830

Total interest (approx)$668,830

Redraw facility Yes

Redraw fee $0

Minimum redraw amount $500

Offset facility No

Extra repayments allowed? Yes

Extra repayment fees $0

Extra repayments restrictions Up to $10k per year

Repayments weekly

Repayments biweekly Yes

Repayments monthly Yes

Home Loan Fees

Application fee $0

Legal fee At cost

Valuation fee At cost

Settlement fee $150

Discharge fee $350

Regular or monthly fee $0

Loan Availability

InvestmentYes

First home buyersYes

Owner occupierNo

RefinanceNo

Line of creditNo

Self-managed superNo

State availabilitySA

Other

SponsoredNo

Data accurate as of22/11/2017

Comparison warning Comparison rates are based on a $150,000 secured loan for 25 years. 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.

Hide info ˄

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Compare 100s of home loans

Did you know you can compare 100s of mortgages? Review, calculate interest rate repayments, apply online and save by visiting our main home loans comparison page.

Compare and review Credit Union SA home loans

Looking to finance a new home? When comparing Credit Union SA home loans, there are other key facts to consider and understand, other than just Credit Union SA’s interest rates.

What home loan options does Credit Union SA offer?

Credit Union SA has 19 home loan products:

  • Discounted Variable Rate – Investment Home Loan
  • Standard Variable Rate – Investment Home Loan
  • Variable Home Loan Package – Investment Home Loan $150K+
  • 1 Year Fixed – Investment Home Loan
  • 2 Year Fixed – Investment Home Loan
  • 3 Year Fixed – Investment Home Loan
  • 1 Year Fixed Package – Investment Home Loan
  • 2 Year Fixed Package – Investment Home Loan
  • 3 Year Fixed Package – Investment Home Loan
  • Special Offer – Variable rate – Owner occupied <80%
  • Discounted variable rate – Owner occupied
  • Standard variable rate – Owner occupied
  • Variable Home Loan Package – Owner occupied
  • 1 year fixed – Owner occupied
  • 2 year fixed – Owner occupied
  • 3 year fixed – Owner occupied
  • 1 year fixed package – Owner occupied
  • 2 year fixed package – Owner occupied
  • 3 year fixed package – Owner occupied

View the above table for detailed product information and a comparison of the interest rates, fees and features.

You can also review and compare Credit Union SA car loans.

Do you have a Credit Union SA home loans calculator?

Yes. Use the filter to adjust your loan amount and term to calculate your approximate monthly repayments. When you apply the filter, you will see a breakdown of your approximate monthly repayments as well as the total amount of interest and fees paid.

For a more accurate quote, contact Credit Union SA directly.

How to apply for a Credit Union SA home loan?

If you’d like to apply for a Credit Union SA home loan, just scroll up and click on “Learn more” to be taken to Credit Union SA’s secure inquiry form. Before you apply, be sure to learn about Credit Union SA’s loan products, fees and eligibility criteria. Give yourself around 30-60 minutes to complete the home loan application.

Credit Union SA’s home loan eligibility criteria

Before you apply for a home loan, be sure to understand and meet the Credit Union SA’s lending criteria. Below is high-level overview of Credit Union SA’s criteria:

Credit Union SA’s minimum requirements for a home loan

  • Minimum age of 18
  • You have a decent credit history
  • You’re a permanent Australian resident or valid work visa holder (457 or other diplomatic visas)
  • Regular source of income
  • A sufficient deposit

Financial Information you’ll need to provide

Whether at the Credit Union SA branch or online, you will need to show your finances in order for the bank to establish your home loan borrowing capacity:

  • Proof of income, at least 3 months of payslips and/or rental income (if applicable)
  • Tax returns not older than 18 months and an ATO Notice of assessment Personal
  • Proof of ID (Driver License or ID card) passport, contact information and address
  • A list of your expenses, assets and liabilities (such as other loans or credit cards)
  • Any equity or deposit or existing property you already own to support and secure your loan

Have rental income?

If you also have rental income, please provide one of the following:

  • A formal signed lease (either current or new)
  • Most recent rental statement
  • Rental credits to your account for the past 3 months

If you’re self-employed, you will also need to provide:

  • Financial statements for the last year (no older than 18 months)
  • Your most recent personal/business tax return (no older than 18 months)

Other things to keeping mind when applying

  • Approval time can take up to two weeks.
  • It’s advantageous to have a good credit history. For example, you have no recent defaults and no frequent requests for credit
  • Credit cards with large credit limits are viewed as liabilities, even if there’s nothing owing. If you have existing liabilities, be certain you can pay them off and close unnecessary credit cards

There are many additional factors Credit Union SA consider when accessing your application, but the above are the most important. If you feel like you may not meet their eligibility criteria, it may be best to save a little while longer!

Additional Credit Union SA home loan information

Credit Union SA’s minimum and maximum home loan amounts and terms

How much can you borrow? Between $10,000 and $2,000,000, over terms between 5 year and 30 years. Use our filter as a repayment calculator to see your estimated monthly repayments and rates.

Repayment schedule

Credit Union SA allow weekly, fortnightly or monthly repayment.

Extra repayment or early penalties

Credit Union SA allows you to make additional or early repayments. There are no fees associated with completely repaying your loan off early. View their terms and conditions to learn more about early termination.

Refinancing

If you want to refinance your home loan and you’re not with Credit Union SA, you will need to provide:

  • Mortgage statements for the last 3 months
  • A current payout quote for any loans you plan to refinance, including all current fees and charges and any early repayment costs or exit fees

Details about your property purchase or construction

You’ll need to provide Credit Union SA with some information about the property you’re buying or building. This may be required before Credit Union SA can finalise your mortgage offer.

If you’re buying:

  • Signed Contract of Sale
  • Copy of Transfer of Land
  • Proof of Property Insurance

If you’re building:

  • Council approved building plans, specifications or Building Permit
  • Fixed Price Builders Contract

Insurance documents

Please bring any documents that can provide information about your current insurance policies, including:

  • Home and contents insurance
  • Investment property insurance
  • Income protection
  • Life insurance
  • Total and permanent disablement cover
  • Trauma cover