The CapricornianNo 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.
At a glance
- Variable (owner occ. P&I)
- 6.24%6.29% comparison
- 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 | 6.24% | 5.93%SCCU's BROKER HOME LOAN | 6.38%of 104 institutions | 25th lowest of 104, level with 6 others |
Rates
Every rate The Capricornian publishes for this home loan, 2 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
- ≤80%6.24%
- 80–97%6.64%
| 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 | 6.24% | 6.29% | 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 | 6.64% | 6.69% | Aged 18 years or older |
Rate changes
2 changes logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 9 Oct 2026 | Variable, Owner occupied, P&I, ≤80% LVR | 5.99% | 6.24% | up 0.25 |
| 9 Oct 2026 | Variable, Owner occupied, P&I, 80–97% LVR | 6.39% | 6.64% | up 0.25 |
Each change is logged the night it appears in the rates The Capricornian 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
- Establishment Fee
Includes one valuation up to the cost of $300 - Excludes additional valuation costs and solicitors costs to prepare mortgage documents and settlement fees.
$600 - Further Advance Establishment Fee
Includes one valuation up to the cost of $300 - Excludes additional valuation costs and solicitors costs to prepare mortgage documents and settlement fees.
$400
When particular things happen4
- Arrears Fees - Default Notice Fee
If you don’t make your payment after a period of time in arrears, you will be issued with a default notice.
$40 - Arrears Fees - Reminder call fee
Applies when you fail to make your contracted repayments by the repayment due date.
$5 - Contract Variation & Consent Fee
A fee is charged when a member applies to vary their loan conditions
$400 - Mortgage Discharge Fee
This fee is payable in addition to solicitors fees, registration, searches and other third party fees that may apply.
$300
Features
- Interest Only option available on request
Eligibility and limits
- Minimum age 18
- Residency: Individuals must be citizens or permanent residents of Australia.
- Amount from $150,000, 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.
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Published by The Capricornian under the Consumer Data Right, last changed by them on 9 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.