The CUA Standard Variable Loan offers the ability to manage your mortgage through features such as a 100 per cent offset account. Borrowers can use the 100 per cent offset account to reduce the amount of interest they pay over the life of the loan.
The flexibility of repayment schedule also allows borrowers to reduce their debt faster by making additional repayments, without incurring penalties.
Repayments can be made weekly, fortnightly or monthly to suit your needs, with the additional bonus of being able to choose principal and interest, or interest only repayments. A redraw facility ensures that borrowers can access these extra repayments should they need cash for future requirements.
For borrowers who want to reduce the amount of their monthly repayments, or for investors, there is also the possibility of making interest only repayments for a certain period. These repayments can only be made monthly.
The CUA Standard Variable Loan is good for borrowers looking for a fully featured variable loan. From a 100 per cent offset account to a redraw facility and the ability to define your own repayment schedule, this loan comes with many options.
The flexibility provided by this loan may appeal to those who like to plan ahead. Whether it is using extra repayments and the offset account to pay off the mortgage sooner, or using the redraw facility to finance renovations or other projects.
The CUA Standard Variable Loan combines a mortgage that can give you the flexibility you need, with an opportunity to save money through the welcome lack of ongoing fees. Features such as the 100 per cent offset account, redraw facility and interest only repayment option provide the borrower with the power to make choices. Being able to schedule your repayments on a weekly, fortnightly or monthly basis can also assist in budgeting your home loan payments as best you can. Borrowers who value face-to-face contact will also appreciate CUA’s network of branches and on hand mobile lenders, who can help with guidance during the home loan application process.
CUA offers a Standard Variable Loan for investors and owner-occupiers.