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CUA Premium Fixed Rate Loan

Features

The CUA Premium Fixed Rate Loan offers a range fixed rates which range from low to moderately-high, depending on the loan term and borrower type. For instance, owner-occupier borrowers have access to more competitive rates than investors.

Customers can borrow up to 95 per cent of the property value, although lenders mortgage insurance may apply for loans over 80 per cent. Investors can borrow a maximum of 80 per cent of the property value with or without LMI.

The loan comes with a partial offset option that factors in the balances of all CUA everyday accounts to reduce interest paid. Each account must maintain a minimum amount to apply for the offset.

Customers can also access a redraw facility, with a minimum redraw at CUA branches, and are allowed additional payments up to a set amount.

Repayments can be made on a weekly, fortnightly or monthly basis on both principal and interest and interest-only. However, interest-only payments must be paid monthly.

Who is the CUA Premium Fixed Rate Loan good for?

The CUA Premium Fixed Rate loan may be good for customers looking for the stability of a fixed-rate loan with the added flexibility of additional repayments and offset accounts.

Note: New to CUA investor loan applications are now only considered when accompanied by CUA owner-occupier lending. Restrictions and assesment criteria applies. Talk to a CUA lending specialist for more information. 

Review - What RateCity says

The CUA Premium Fixed Rate Loan offers both the stability of a fixed-rate loan with the added freedom of features like additional repayments to a set amount and offset accounts.

For those looking to get ahead of their mortgage repayments, the CUA Premium Fixed Rate Loan gives you this option, while also providing a predictable fixed rate. The ability to make free redraws on additional repayments gives customers further flexibility in how they repay their loan.

The comparison rates for all CUA fixed loans are relatively high and vary depending on the length of the fixed rate period, which is an important consideration if choosing this loan.

CUA Premium Fixed Rate Loan Options

The CUA Premium Fixed Rate Loan is available to owner-occupiers and investors at a fixed rate for one, two, three or five years.

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Fixed Rates from

3.96%

Advertised rate

4.66%

Comparison rate
Pros
  • Flexible repayment options.
  • Additional payments allowed.
  • Multi-account offset facility.
Cons
  • High upfront fees.
  • High rates for some borrowers.
  • Conditions apply for offset account.
Eligibility

Must be over 18 years of age.

Must be a citizen or permanent resident of Australia or New Zealand.

Must meet CUA’s serviceability criteria.

Suitable For
  • First Home Buyers
  • Owner-Occupiers
  • Refinancers
  • Investors
Fees
  • Estimated upfront fees: $795
  • Discharge fees: $200
  • Ongoing fees: $0

The CUA Premium Fixed Rate loan has no ongoing monthly or annual fees, but sizable upfront fees. A low discharge fee applies, but there is no fee on redraws or additional repayments.

An early payout fee will apply if the loan is repaid or switched during the fixed-rate period.

Features
  • Redraw facility
  • 100% offset account
  • Unlimited extra repayments
  • Weekly repayments
  • Fortnightly repayments
  • Monthly repayments
  • Loan allows split interest rate
About CUA

CUA is the largest customer-owned Australian financial institution with more than 60 branches around the country. It can be contacted via email, online, in person or via phone.

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