Credit Union SA
Discounted Variable Rate Home Loan Interest Only
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.
Home loansBank updated 29 June 2026
At a glance
- Max LVR
- 80%
- Features
- redraw, extra repayments
§ 01 — Rates · 2
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | Investment · Interest only | — | — | 7.54% | 7.43% | — |
| Variable | Owner occupied · Interest only | — | — | 7.84% | 7.42% | — |
§ 02 — Fees · 6
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Guarantor Application Fee | Event | $200 | — | — |
| Increase an existing discounted home loan | Event | No fee | — | — |
| Split Loan Fee | Event | $100 | — | — |
| Split Loan Fee | Event | $150 | — | — |
| Application fee | Upfront | $600 | — | — |
| Settlement fee | Upfront | $300 | — | — |
§ 03 — Features
RedrawExtra repaymentsGuarantor optionDigital banking
- · No loan application, monthly or annual fee
- · Unlimited fee-free additional repayments
- · Split Loans are available with eligible products
§ 04 — Eligibility & limits
- · Minimum age 18
- · Residency: Australian citizen or permanent resident
- · Maximum LVR 80%
- · Opening balance $20,000
§ 06 — Run the numbers
Put this product through a calculator
Published by Credit Union SA under the Consumer Data Right, last changed by them on 29 June 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.