The Capricornian
No Frills Owner Occupied Home Loan
Our No Frills Home Loan is available to home buyers looking for a variable interest rate with features designed for a smooth and easy experience.
Home loansBank updated 3 Aug 2026
At a glance
- Variable (owner occ. P&I)
- 5.99% · 6.04% comparison
- Max LVR
- 97%
- Features
- redraw, extra repayments
§ 01 — Rates · 2
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableComparison rate based on $150,000 loan over 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan | Owner occupied · P&I | — | ≤80% LVR | 5.99% | 6.04% | Aged 18 years or older |
| VariableComparison rate based on $150,000 loan over 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan a… | Owner occupied · P&I | — | 80–97% LVR | 6.39% | 6.44% | Aged 18 years or older |
§ 02 — Fees · 6
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Arrears Fees - Default Notice Fee | Event | $40 | — | If you don’t make your payment after a period of time in arrears, you will be issued with a default notice. |
| Arrears Fees - Reminder call fee | Event | $5 | — | Applies when you fail to make your contracted repayments by the repayment due date. |
| Contract Variation & Consent Fee | Event | $400 | — | A fee is charged when a member applies to vary their loan conditions |
| Mortgage Discharge Fee | Event | $300 | — | This fee is payable in addition to solicitors fees, registration, searches and other third party fees that may apply. |
| Establishment Fee | Upfront | $600 | — | Includes one valuation up to the cost of $300 - Excludes additional valuation costs and solicitors costs to prepare mortgage documents and settlement fees. |
| Further Advance Establishment Fee | Upfront | $400 | — | Includes one valuation up to the cost of $300 - Excludes additional valuation costs and solicitors costs to prepare mortgage documents and settlement fees. |
§ 03 — Features
RedrawExtra repaymentsInstant paymentsPayIDDigital banking
- · Interest Only option available on request
§ 04 — Eligibility & limits
- · Minimum age 18
- · Residency: Individuals must be citizens or permanent residents of Australia.
- · Amount $150,000 to no maximum
- · Maximum LVR 97%
- · New Loans Only or existing borrowers who apply for an increase in their home loan of $150,000 or more.
- · You will need to become a member of the Credit Union before The Capricornian can accept a loan application.
§ 05 — Compare
§ 06 — Run the numbers
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Published by The Capricornian under the Consumer Data Right, last changed by them on 3 Aug 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.