The Finance Algorithm
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40 Year Home Loan Package

Our Variable Home Loan Package is designed for those wanting an extended home loan term. 40 Year Home Loan Package products are available for terms 31 to 40 years, for properties located in South Australia. Lending criteria applies and a suitability assessment will be completed as part of the application process. The Credit Union SA Variable Home Loan Package offers a fantastic collection of benefits across our Home Loans, Visa Credit Card, Personal Loans, Term Deposits and more. You pay an annual fee of $395.

Home loansBank updated 8 Oct 2026
Apply at Credit Union SA ↗Product page ↗Fees and pricing ↗Terms ↗

At a glance

Variable (owner occ. P&I)
6.29%6.65% comparison
Max LVR
97%
Features
offset, 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.

This home loan: 6.34%Every other institution's lowest, 103 in all

Owner occupier, principal & interest, 80% LVR. One dot per institution, at its lowest variable home loan rate anyone can apply for; hover or tap a dot for its name.

RateThis home loanBest anywhereTypical institutionWhere it sits
Variable home loanOwner occupier, principal & interest, 80% LVR6.34%5.93%SCCU's BROKER HOME LOAN6.38%of 104 institutions39th lowest of 104, level with 10 others

Rates

Every rate Credit Union SA publishes for this home loan, 3 in all.

Variable rate by LVR

Owner occupier, principal and interest, the lowest rate published for each band of the loan's share of the property's value

  1. 1–60%6.29%
  2. 60–80%6.34%
  3. 80–97%7.24%
Variable rate for the band
TypeApplies toTermBandRateComparisonConditions
VariableOwner occupied, P&I-1–60% LVR6.29%6.65%-
VariableOwner occupied, P&I-60–80% LVR6.34%6.71%-
VariableOwner occupied, P&I-80–97% LVR7.24%7.59%-

Rate changes

4 changes logged, newest first.

DateRateWasNowChange
9 Oct 2026Variable, Owner occupied, P&I, 1–60% LVR6.04%6.29%up 0.25
9 Oct 2026Variable, Owner occupied, P&I, 60–80% LVR6.09%6.34%up 0.25
9 Oct 2026Variable, Owner occupied, P&I, 80–97% LVR6.99%7.24%up 0.25
18 Sept 2026Variable, Owner occupied, P&I, 60–80% LVR6.14%6.09%down 0.05

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

7 fees published, grouped by when they're charged.

  1. When you take it outVaries2 fees, each listed below
  2. While you hold it$395Annual fee
  3. When you close it or pay it offNo fee published

When you take it out2

  • Application fee
    No fee
  • Settlement fee
    No fee

While you hold it1

  • Annual fee
    $395

When particular things happen4

  • Guarantor Application Fee
    $200
  • Increase an existing home loan package
    No fee
  • Split Loan Fee
    $100
  • Split Loan Fee
    $150

Features

Offset accountRedrawExtra repaymentsGuarantor optionDigital banking
  • No loan application or monthly 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 $150,000

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.