Why choose a CUA Achieve Variable Home Loan?

Low variable rate home loan with an offset of up to $15,000.
No monthly or annual fees
With $0 monthly and $0 annual account fees, you can save thousands over the life of your loan.
Offset up to $15,000
Save on interest with free Multi-Account Offset up to a combined balance of $15,000.7
Unlimited fee free repayments
Own your home sooner with the ability to make unlimited extra repayments without penalty.
Free redraw
Access your additional home loan repayments with free redraw, so you can use it whenever you need some breathing space.8
Offer
Refinance with CUA and enjoy a $2000 reward!
Switch to an eligible home loan^ and get a $2000 pre-paid digital Mastercard® (to spend on whatever you like).
^T&Cs apply
Find out more

Rates & Fees

Compare our competitive interest rates.
For further comparison see all our home loan interest rates

Download the Key Facts Sheet for this home loan.

Generate Key Facts Sheet

Home Loan Key Facts Sheets are part of the Australian Government’s banking reforms effective 1 January 2012.

The Key Facts Sheet outlines loan information in a standardised format used by all financial institutions, therefore allowing you to compare CUA home loan products against those available from competitor institutions.

The Key Facts Sheet highlights important information, such as the total amount to be paid back over the life of a loan, and what the expected repayment is for every dollar borrowed.

A Key Facts Sheet is only applicable when the loan will be repaid by principal and interest repayments for the full term and the purpose of the loan is to purchase residential property or refinance a loan that was wholly or predominantly to purchase residential property.


Please connect with one of our home loan specialists to further discuss our product offering and the best suited product for your situation.

For more information on choosing the right home loan for you, you may also wish to visit the ASIC consumer website.

Rates

Loan type
Loan purpose
Loan Amount
Interest Rate
Comparison Rate*
$500,000 or more1
2.55% p.a.
3.05% p.a.
3.05% p.a.
2.86% p.a.
3.21% p.a.
3.48% p.a.
2.60% p.a.
2.29% p.a.
2.64% p.a.
2.91% p.a.
3.05% p.a.
2.97% p.a.
$250,000 to $499,9992
2.55% p.a.
3.05% p.a.
3.05% p.a.
2.86% p.a.
3.21% p.a.
3.48% p.a.
2.60% p.a.
2.69% p.a.
2.64% p.a.
2.91% p.a.
3.05% p.a.
2.97% p.a.
$100,000 to $249,9993
2.95% p.a.
3.45% p.a.
3.05% p.a.
3.38% p.a.
3.73% p.a.
3.48% p.a.
3.00% p.a.
3.09% p.a.
3.01% p.a.
3.43% p.a.
3.57% p.a.
3.44% p.a.

Loan type T&Cs apply.4,5,6

Fees

Establishment Fee
$600
Security Administration Fee
$235
Monthly Fee
$0
Annual Fee
$0

Other fees may apply.

Home Loan Calculators

How much can I borrow?
Repayments calculator
Extra repayments
Lump sum repayments
Multi-account offset
Split loan calculator
How much can I borrow?

How much can I borrow?

Quickly estimate how much you can borrow and what it will cost.

Results are based on a single, full time PAYG income with no dependants. Any upfront costs that may be associated with the loan are capitalised in the loan amount. The results from this calculator should be used as an indication only. Results do not represent either quotes or pre-qualifications for a loan. The actual amount you can borrow may vary depending on factors including your verifiable net income, other debts or liabilities you have and the number of dependents you have. Lending is to approved applicants only and all lending is subject to a detailed credit assessment.

and charges are payable. The calculations do not take into account fees, charges or other amounts that may be charged to your loan (such as establishment or monthly service fees or stamp duty). If you are borrowing more than 80% of the value of the property, Lenders Mortgage Insurance may apply. Any of these additional amounts will increase repayments under the loan.

Repayment is for principal and interest and is indicative only based on the stated information. Changes in interest rates, repayment frequency and loan term will affect the repayment amount.

Assumptions

Expense Details and Default Values
The calculator initially assumes that the borrower has a minimum set of annual expenses of $17,004.
Maximum percentage of income available - currently set at 100% of income

Month
All months are assumed to be equal. In reality, many loans accrue on a daily basis this can lead to varying interest in different months.

Number of Weeks & Fortnights in a Year
One year is assumed to contain exactly 52 weeks or 26 fortnights. Thus the assumption is for a 364 day year.

Rounding
The calculator uses the unrounded payment to derive the amount of interest accrued over the full term of the deposit, however, institutions round repayments to the nearest cent.

Repayments calculator

Repayments calculator

Estimate what your repayments may be.

The calculations provided are estimates only and based upon the information entered into the calculator by the user. The calculations do not include upfront or continuing credit fees and charges. The resulting calculations do not constitute a loan application or variation to an existing CUA facility, loan offer or loan approval.

Rates current as at 27 October 2020 and subject to change.

Your needs and financial circumstances have not been taken into account. Terms, conditions and Lending critieria apply and are available on application. Other fees and charges may apply. A General Information , Terms & Conditions brochure and Schedule of Fees are available online or from your local CUA branch. You should read both these documents before deciding whether to purchase this product, issued by CUA.

Comparison rate calculated on a $150,000 secured loan over a term of 25 years based on monthly repayments. WARNING: This comparison rate is 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.

Extra repayments

Extra repayments

The results from this calculator should be used as an indication only and is based on the accuracy of the information you provided. The calculations do not include upfront or continuing credit fees and charges. The resulting calculations do not constitute a loan application or variation to an existing CUA facility, loan offer or loan approval.

Lump sum repayments

Lump sum repayments

The calculations provided are estimates only and based upon the information entered into the calculator by the user. The calculations do not include upfront or continuing credit fees and charges. The resulting calculations do not constitute a loan application or variation to an existing CUA facility, loan offer or loan approval.

Multi-account offset

Multi-account offset

Rates current as at 27 October 2020 and subject to change.

Comparison rate calculated on a $150,000 secured loan over a term of 25 years based on monthly repayments. WARNING: This comparison rate is 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.

The calculations provided are estimates only and based upon the information entered into the calculator by the user. The calculations do not include upfront or continuing credit fees and charges. The resulting calculations do not constitute a loan application or variation to an existing CUA facility, loan offer or loan approval.

Split loan calculator

Split loan calculator

The calculations provided are estimates only and based upon the information entered into the calculator by the user. The calculations do not include upfront or continuing credit fees and charges. The resulting calculations do not constitute a loan application or variation to an existing CUA facility, loan offer or loan approval.

Get started today
Our CUA Home Loan Specialists are ready to guide you through the home loan process.
1. Enquire online

Get started by filling out an online enquiry form so we know a bit more about your situation and what you’re looking for.

2. We’ll call you back

A CUA Home Loan Specialist will be in touch shortly to help you on your home buying journey.

Are you eligible?
  • Must be at least 18 years of age
  • Be a permanent resident of Australia
Eligibility for Owner Occupiers
  • Principal & Interest repayment: 90% maximum Loan to Valuation Ratio (LVR) including Lenders Mortgage Insurance (LMI).
  • Construction purpose: 90% maximum Loan to Valuation Ratio (LVR) including Lenders Mortgage Insurance (LMI).
  • Interest Only repayment: 80% maximum Loan to Valuation Ratio (LVR)
Eligibility for Investors
  • 90% maximum Loan to Valuation Ratio (LVR) including Lenders Mortgage Insurance (LMI).
Enquire Now
More ways to talk to a CUA Home Loan Specialist
Get in touch today, and we'll help you find the right option for you.
Call us on: 133 282 during opening hours
Visit one of our CUA branches Find a branch
Use our app to chat Learn moreDownloadDownload

Discover our other home loans

Fixed Rate Home Loan

Low fixed rate with flexibility to pay extra.

Find out more
Accelerate Variable Home Loan

100% offset premium home loan.

Find out more
Important information Important information Show content

Rates current as at 27 October 2020 and subject to change.

Loans are issued by Credit Union Australia Ltd ABN 44 087 650 959, AFSL and Australian Credit Licence 238317. Lending criteria, limits, conditions and fees apply.

1 Achieve Variable is available to new to CUA home loans only. Minimum loan amount $500,000. Different interest rates may apply to lower loan amount. Not available for switching or restructuring of existing CUA home loans or to applicants for another CUA home loan fully approved prior to 14/11/2019. Maximum LVR limits apply based on standard security types. Published interest rates and discounts available and applicable to home loans submitted on or after 14/11/2019. Interest rates and discounts may vary by loan purpose (owner occupied and investment) and by repayment type (principal and interest, interest only and construction loans). The discounts specified in your loan contract will not change for the life of the loan provided you do not vary your loan contract. If you vary your loan (for example, changing the loan purpose or repayment type), the rates and discounts may change.

2 Achieve Variable is available to new to CUA home loans only. Minimum loan amount $250,000. Not available for switching or restructuring of existing CUA home loans or to applicants for another CUA home loan fully approved prior to 02/08/2019. Maximum LVR limits apply based on standard security types. Published interest rates and discounts available and applicable to home loans submitted on or after 02/08/2019. Interest rates and discounts may vary by loan purpose (owner occupied and investment) and by repayment type (principal and interest, interest only and construction loans). The discounts specified in your loan contract will not change for the life of the loan provided you do not vary your loan contract. If you vary your loan (for example, changing the loan purpose or repayment type), the rates and discounts may change.

3 Achieve Variable is available to new to CUA home loans only. Minimum loan amount $100,000. Not available for switching or restructuring of existing CUA home loans or to applicants for another CUA home loan fully approved prior to 7/11/2018. Maximum LVR limits apply based on standard security types. Published interest rates and discounts available and applicable to home loans submitted on or after 7/11/2018. Interest rates and discounts may vary by loan purpose (owner occupied and investment) and by repayment type (principal and interest, interest only and construction loans). The discounts specified in your loan contract will not change for the life of the loan provided you do not vary your loan contract. If you vary your loan (for example, changing the loan purpose or repayment type), the rates and discounts may change.

4 Principal and Interest loans are not available for construction purposes.

5 For Construction Interest Only loan type, payments are made on an interest only basis for the first 12 months. After 12 months loans will revert to the relevant Principal & Interest repayments rate reflecting any applicable discounts specified in the loan contracts.

6 For Interest Only loan type, maximum Interest Only period of 24 months for Owner Occupier and 60 months for Investor lending (subject to credit approval). For Fixed Rate home loans, interest only period must align to the fixed rate period. At expiry of the interest only period, loans will revert to the relevant Principal & Interest repayments rate reflecting any applicable discounts specified in the loan contracts.

7 You must maintain a minimum balance of $500 in each offset account to obtain an offset benefit. The maximum in your offset accounts that is able to be offset against your Achieve Variable home loan when calculating interest is $15,000. Offset account balances in excess of $15,000 will not be taken into account when calculating interest on your loan. You will also not receive any interest on the funds in your offset accounts.

8 A $200 minimum withdrawal amount applies for redraws conducted in-branch.

* Comparison rate accurate for $150,000 secured loan over 25 years. WARNING: This comparison rate is 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.