Credit Union SA Home Loan Review

Credit Union SA Home Loan Review

Read Here for Our Credit Union SA Home Loan Review:

Credit Union SA aims to help Australians in doing more with their money. That includes taking control of their finances and finally buying that dream house.

Credit Union SA is the third-largest credit union in South Australia. It has over 50,000 members and more than $1 billion of assets. It is a customer-owned banking organisation with a mission to give its members innovative financial products and services. As a credit union, it was created for the benefit of its members and the community. Credit Union SA was formed in 2009 as a result of the merger of Satisfac and Powerstate. Both organisations were credit unions operating in South Australia.

Credit Union SA promises its members of lower interest fees and great customer service.

What are the Home Loan Products of Credit Union SA?

Credit Union SA offers a variety of home loan products to suit the different needs of its members. Here are some of them.

Owner Occupied Fixed Home Loan Packages

This home loan product is ideal for borrowers who follow a strict budget. Borrowers can choose a fixed rate locked for a certain period. Regardless of the market movement, borrowers will not have to worry that they will have to pay for a higher interest rate.

Features:

  • Fixed monthly repayments
  • Discounted Personal Loan rates
  • Visa Credit Card annual fee waivers
  • Interest rates as low as 1.79% p.a., at a comparison rate of 3.33% p.a.
  • Comes in 1-year to 5-year payment terms
  • Minimum Loan Amount: $150,000
  • LVR: 80% maximum
  • Annual Package Fee: $395

Owner Occupied Variable Home Loan Package

Borrowers get to enjoy variable rates and variable repayments. It is the ideal loan product for those who seek flexibility in their loan terms.

Features:

  • Fee-free additional repayments
  • Discounted Personal Loan rates
  • Visa Credit Card annual fee waivers
  • 100% Home Loan Offset Accounts
  • Interest rates as low as 2.34% p.a., at a comparison rate of 2.78% p.a.
  • Minimum Loan Amount: $150,000
  • LVR: 80% maximum
  • Annual Package Fee: $395

Owner Occupied Discounted Variable Rate Home Loan

Credit Union SA’s reduced rate products are available for those who are looking to refinance their loan from another lending institution.

Features:

  • Competitive Variable Rates
  • Extra repayments
  • Interest rates as low as 2.34% p.a., at a comparison rate of 2.36% p.a.
  • Minimum Loan Amount: $150,000
  • LVR: 80% maximum

Owner Occupied Low Deposit Variable Home Loan Package

This Credit Union SA loan product is made for borrowers who do not have yet their deposit ready.

Features:

  • No loan application fees
  • Flexible repayment options
  • Interest rate as low as 2.99% p.a., at a comparison rate of 3.41% p.a.
  • Minimum Amount: $150,000
  • LVR: 95% maximum

These loan products are also available for investment home loans. Different LVR and rates may apply for investment home loans.

What are the Benefits of a Credit Union SA Home Loan?

Thinking of getting a home loan from Credit Union SA? Here are the benefits of getting one.

  • Redraw facility
  • Offset account
  • Additional repayments
  • Flexible repayments
  • Quick and convenient application
  • Enjoy cashback or reduced rates
  • No monthly fees

Who can Apply for a Credit Union SA Home Loan?

Interested borrowers must meet the following eligibility requirements.

  • Interested borrowers must be at least 18 years old.
  • Interested borrowers must be residents of Australia.
  • Interested borrowers must have a steady income stream.

How to Apply for a Credit Union SA Home Loan?

Interested borrowers can apply through the Credit Union SA website. Applicants must ready the following information:

  • Personal Information: Includes mobile number, email address, home address, etc.
  • Employment history for the past three years
  • Income history for the past three years.
  • Assets and liabilities
  • Monthly living expenses

Looking for the Right Home Loan for You? Let Makes Cents Help You.

Makes Cents has helped thousands of Australians make the right choice with their money. Let us help you make a well-informed choice so you can reach your dreams and goals in life.

Our Credit Union SA Home Loan Review is just one of many. You can also read reviews on many more Home Loan Reviews at MakesCents.



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