Great Southern Bank Home Loans

Read on to compare some of Great Southern Banks key home loan interest rates and the key features they have.

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Compare CUA mortgage rates

Lender
Advertised rate Comparison rate Monthly repayment Rate TypeOffsetRedrawOngoing FeeUpfront FeesLVRLump Sum RepaymentAdditional RepaymentsPre-approval
VariableMore details
LIMITED TIME OFFER

Smart Booster Home Loan Discounted Variable - 1yr

  • Fast turnaround times, can meet 30-day settlement
  • No ongoing fees
  • Extra repayments + redraw services
LIMITED TIME OFFER

Smart Booster Home Loan Discounted Variable - 1yr

  • Fast turnaround times, can meet 30-day settlement
  • No ongoing fees
  • Extra repayments + redraw services

Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to made on variables as selected and input by the user. All products will list the LVR with the product and rate which are clearly published on the Product Provider’s web site. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. *Comparison rate is based on a loan of $150,000 over a term of 25 years. Please note the comparison rate only applies to the examples given Rates correct as of October 18, 2021. View disclaimer.

Considering other lenders? Compare home loans with these low-rate offers for owner occupiers:

Lender
Advertised rate Comparison rate Monthly repayment Rate TypeOffsetRedrawOngoing FeeUpfront FeesLVRLump Sum RepaymentAdditional RepaymentsPre-approval
VariableMore details
LIMITED TIME OFFER

Smart Booster Home Loan Discounted Variable - 2yr (LVR < 80%)

  • Fast turnaround times, can meet 30-day settlement
  • For purchase and refinance, min 20% deposit
  • No ongoing or monthly fees, add offset for 0.10%
LIMITED TIME OFFER

Smart Booster Home Loan Discounted Variable - 2yr (LVR < 80%)

  • Fast turnaround times, can meet 30-day settlement
  • For purchase and refinance, min 20% deposit
  • No ongoing or monthly fees, add offset for 0.10%
FixedMore details
NO UPFRONT OR ONGOING FEES

Basic Home Loan Fixed (Principal and Interest) (LVR < 70%) 3 Years

NO UPFRONT OR ONGOING FEES
VariableMore details
100% FULL OFFSET ACCOUNTNO APPLICATION FEE OR ONGOING FEES

Low Rate Home Loan - Prime (Principal and Interest) (Owner Occupied) (LVR < 60%)

  • No upfront or ongoing fees
  • 100% full offset account
  • Extra repayments + redraw services
100% FULL OFFSET ACCOUNTNO APPLICATION FEE OR ONGOING FEES

Low Rate Home Loan - Prime (Principal and Interest) (Owner Occupied) (LVR < 60%)

  • No upfront or ongoing fees
  • 100% full offset account
  • Extra repayments + redraw services

Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to made on variables as selected and input by the user. All products will list the LVR with the product and rate which are clearly published on the Product Provider’s web site. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. Rates correct as of October 18, 2021. View disclaimer.

About Credit Union Australia (CUA)

Founded in 1946, CUA has grown to become one of the country’s largest credit unions, offering financial and insurance products to over 500,000 Australians. Through a series of mergers, its continuous growth has seen the organisation recognised for its performance by aggregators and as the “Most Innovative Mutual” by the Australian Banking Innovation Awards 2019.

CUA’s products range from everyday banking solutions to credit products such as home loans and credit cards, as well as financial planning, insurance and savings accounts.

What home loans does CUA offer?

Whether you’re buying your first home, building your own, refinancing or looking to invest in property, CUA has a wide range of home loans to suit a number of these needs. Some of the most widely advertised products it carries include:

  • Achieve Variable Home Loan: a low-rate home loan with extra features for a smooth journey to homeownership.
  • Accelerate Variable Home Loan: a premium home loan with a 100% offset account and a competitive rate.
  • 3-Year Fixed Home Loan: a low fixed-rate home loan for security with the flexibility of extra repayments.
  • 2-Year Premium Fixed Home Loan: with a competitive rate to lock in and the ability to make additional repayments over the fixed term.
  • Equity Line of Credit: an all-in-one variable rate home loan for better control and easy access to funds.

Many CUA variable home loans offer a fee-free loan account, with offset and redraw facilities that enable you to save on interest while still retaining access to your safety net. A construction loan option is also available for those looking to build their own properties.

CUA home loan features

The following are some of the prominent features that accompany a CUA home loan:

  • Redraw facility: Free redraw lets you withdraw funds from any extra repayments you have made without incurring any fees.
  • Offset account: An offset facility lets you offset your savings against your mortgage, helping you to save more in interest over time.
  • Additional repayments: Additional or extra repayments are allowed, with terms and conditions applying to some of the loan accounts.
  • Fee-free: A majority of CUA home loan products requires no monthly account keeping fees.
  • Interest-only option: An interest-only option is available for eligible home loans. Terms and conditions apply.
  • Split loan: CUA allows you to pay part of your home loan on a variable interest rate and the other part on a fixed rate.

How to apply for a CUA home loan

Eligibility criteria

No matter which home loan product you’re applying for, to ensure a successful application, you generally need to:

  • Be 18 years of age or over
  • Be an Australian citizen or permanent resident
  • Have a regular source of income
  • Demonstrate your ability to service the loan

Documents needed

Make sure to have the following documents handy before proceeding with your application:

  • Proof of ID (e.g., passport, driver’s license, birth certificate, citizenship certificate)
  • Proof of income (e.g., payslips, most recent payment summary, shareholding statements)
  • Details of savings and assets (e.g., savings account or term deposit account details, share investment statements)
  • Details of other loans and expenses (e.g., loan statements, utility bills, credit cards)
  • Loan purpose (e.g., contract of sale, copy of transfer of land, builder’s quote or tender)
  • Loan statements (if you’re refinancing)
  • Insurance documents (e.g., home and contents, life insurance)

Please note: this is only intended as a general guide. It is not intended to be an exhaustive list of all relevant documents you need to supply. Please obtain advice from CUA home loan specialist where needed before proceeding.