Credit Union SADiscounted Variable Rate Home Loan Principal and Interest
Our Discounted Variable Rate Home Loan is a great choice if you’re a budget-conscious borrower on the lookout for something simple, but effective, that won’t charge you extra if you want to repay it faster.
At a glance
- Variable (owner occ. P&I)
- 7.29%7.32% comparison
- Variable (investor P&I)
- 7.54%
- Max LVR
- 97%
- Features
- redraw, extra repayments
How it compares
This home loan in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.
| Rate | This home loan | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Variable home loanOwner occupier, principal & interest, 80% LVR | 7.29% | 5.93%SCCU's BROKER HOME LOAN | 6.38%of 104 institutions | 96th lowest of 104, level with one other |
| Investor variable home loanInvestment, principal & interest, 80% LVR | 7.54% | 5.94%AAA Financial Corporation's Portfolio Loan | 6.59%of 104 institutions | 97th lowest of 104, level with 2 others |
Rates
Every rate Credit Union SA publishes for this home loan, 2 in all.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | Investment, P&I | - | - | 7.54% | 7.57% | - |
| Variable | Owner occupied, P&I | - | - | 7.29% | 7.32% | - |
Rate changes
2 changes logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 9 Oct 2026 | Variable, Investment, P&I | 7.29% | 7.54% | up 0.25 |
| 9 Oct 2026 | Variable, Owner occupied, P&I | 7.04% | 7.29% | up 0.25 |
Each change is logged the night it appears in the rates Credit Union SA publishes. See how every lender answered the RBA on the rate tracker.
Fees
6 fees published, grouped by when they're charged.
When you take it out2
- Application fee$600
- Settlement fee$300
When particular things happen4
- Guarantor Application Fee$200
- Increase an existing discounted home loanNo fee
- Split Loan Fee$100
- Split Loan Fee$150
Features
- No loan application, monthly or annual fee
- Unlimited fee-free additional repayments
- Split Loans are available with eligible products
Eligibility and limits
- Minimum age 18
- Residency: Australian citizen or permanent resident
- Maximum LVR 97%
- Opening balance $20,000
Compare it with others
Put this product through a calculator
Published by Credit Union SA under the Consumer Data Right, last changed by them on 8 Oct 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.