Hunter United Standard Variable Loan


The Standard Variable Home Loan is a high variable interest rate loan with no minimum borrowing amount.

You can borrow up to 95 per cent of a property’s value, but if your deposit is less than 20 per cent deposit you will have to pay lenders’ insurance.

You can make your repayments on a monthly, fortnightly or weekly basis.

You can also make early repayments on this loan without being charged any penalty fees, while the attached redraw facility gives you the ability to redraw any extra repayments free of charge.

The loan also comes with a 100 per cent offset account, which could help you pay off your loan sooner.

Who is the Hunter United Standard Variable Loan good for?

The Standard Variable Home Loan could suit borrowers looking for flexibility around the frequency of their repayments, who are also looking for the options a redraw facility and offset account provide.

It may also suit borrowers who only want a small loan, as there is no minimum loan amount. 

Review - What RateCity says

The Hunter United Standard Variable Home Loan is available to owner-occupiers and investors, and may be appealing if you want to pay off your loan quickly and without penalty.

However, the high variable interest rate and combination of fees might end up costing you more in the long run and should be considered by prudent borrowers.

There are several variable loan products in the market with much lower interest rates and fees, so it is worth considering whether the Hunter United Standard Variable Loan has enough features to win your business.


Given that it is headquartered in the Hunter region of NSW, it may not be suitable for out of area borrowers who are especially keen on branch access.  

Hunter United Standard Variable Loan Options

The Hunter United Standard Variable Home Loan is a basic home loan with a high variable rate and flexible repayment options. More information about the Standard Variable Loan offered by Hunter United can be found at the link below.

  • 100 per cent offset account.
  • Redraw facility.
  • No loan minimum.
  • High variable interest rate.
  • Moderate establishment fee.
  • Monthly account-keeping fee.

Must be a member of Hunter United

Must be able to provide proof of income.

Must be over 18 years of age.

Must meet serviceability criteria.

About Hunter United

Hunter United, originally BHP (Newcastle) Employees’ Credit Union, is a credit union in Newcastle with a handful of branches across the region.

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