- Home
- Home Loans
- Credit Union SA
- Low Deposit Home Loan
Low Deposit Home Loan
- 2024 Award Winner
- Owner Occupied
- Variable
- 3% min deposit
- P&I
Interest rate p.a.
6.84%
Comparison rate* p.a.
7.20%
Low Deposit Home Loan
- 2024 Award Winner
- Owner Occupied
- Variable
- 3% min deposit
- P&I
Interest rate p.a.
6.84%
Comparison rate* p.a.
7.20%
Credit Union SA Variable Rate Home Loan overview
For Low Deposit Variable Home Loan Package Special Offer (Principal & Interest) (New Customer)
Principal & Interest (P&I)
Loan type
Loan to value ratio
Interest rate
Comparison rate
Interest only
Loan type
Loan to value ratio
Interest rate
Comparison rate
Details
Maximum LVR
97%
Total repayments
Interest rate type
Variable
Borrowing range
$150k - $100m
Suitable for
Owner Occupiers
Loan term range
1 - 30 years
Repayment type
Principal and Interest
Applicable states
SA
Repayment options
Fortnightly, Monthly, Weekly
Target Market Determination
Visit Credit Union SA Ltd to view Target Market Determination.
Features
Extra repayments
Unlimited
Redraw facility
Redraw fee: $0
Offset account
Split interest facility
Loan portability
Repayment holiday available
Allow guarantors
Available for first home buyers
Other benefits
Fees
Total estimated upfront fees
$0
Application fee
$0
Legal fee
$0
Valuation fee
$0
Settlement fee
$0
Other upfront fee
$0
Ongoing fee
$0
Discharge fee
$350
Other Restrictions
Split loans fee to be introduced at $150 for the first split on the same security and $100 for every split thereafter for all home loan types without a limit on the number of splits allowed on the same security, providing that lending criteria is met. Deed of priority fee of $200 applies.
Pros and Cons
For Low Deposit Home Loan
Benefits
- No upfront or ongoing fees
- 100% full offset account
- Suitable for low deposits
- Extra repayments and redraw facility
- Free redraw facility
- Winner of Best Small Deposit Home Loan, RateCity Gold Awards 2024
Drawbacks
- Higher than average interest rate
- Discharge fee at end of loan
- No repayment holidays
