CUA home loan repayment calculator

Thinking about taking out a home loan with CUA? Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how CUA home loans compare with other options.

I am an

With a repayment type

Borrow amount

$

Deposit amount %

Loan term

Your estimated mortgage repayments

at interest rate 5.00%

Total interest payable

$0

Total loan repayments

$0

Pros and cons

  • A range of home loans to choose from.
  • Suitable for low deposits.
  • Parents can act as guarantors for some loans.
  • Opportunity to package financial products.
  • Flexible repayment schedule with weekly, fortnightly or monthly repayment options.
  • Not all products offer offset facilities.
  • Some products have upfront and annual fees.

CUA home loans rates

Advertised Rate

2.55%

Variable

Total estimated upfront fees
$835
Comparison Rate*

2.60%

Ongoing fee
$0
Go to site
Company
CUA
More details
Advertised Rate

3.05%

Variable

Total estimated upfront fees
$835
Comparison Rate*

2.69%

Ongoing fee
$0
Go to site
Company
CUA
More details
Advertised Rate

2.86%

Variable

Total estimated upfront fees
$835
Comparison Rate*

2.91%

Ongoing fee
$0
Go to site
Company
CUA
More details
Advertised Rate

3.05%

Variable

Total estimated upfront fees
$835
Comparison Rate*

3.01%

Ongoing fee
$0
Go to site
Company
CUA
More details
Advertised Rate

3.21%

Variable

Total estimated upfront fees
$835
Comparison Rate*

3.05%

Ongoing fee
$0
Go to site
Company
CUA
More details
Advertised Rate

3.14%

Variable

Total estimated upfront fees
$835
Comparison Rate*

3.19%

Ongoing fee
$0
Go to site
Company
CUA
More details
Advertised Rate

3.24%

Variable

Total estimated upfront fees
$835
Comparison Rate*

3.20%

Ongoing fee
$0
Go to site
Company
CUA
More details
Advertised Rate

3.64%

Variable

Total estimated upfront fees
$835
Comparison Rate*

3.21%

Ongoing fee
$0
Go to site
Company
CUA
More details
Advertised Rate

3.48%

Variable

Total estimated upfront fees
$835
Comparison Rate*

3.44%

Ongoing fee
$0
Go to site
Company
CUA
More details
Advertised Rate

3.57%

Variable

Total estimated upfront fees
$835
Comparison Rate*

3.62%

Ongoing fee
$0
Go to site
Company
CUA
More details
Advertised Rate

3.67%

Variable

Total estimated upfront fees
$835
Comparison Rate*

3.63%

Ongoing fee
$0
Go to site
Company
CUA
More details
Product
Advertised Rate

2.59%

Fixed - 5 years

Total estimated upfront fees
$835
Comparison Rate*

3.75%

Ongoing fee
$0
Go to site
Company
CUA
More details
Advertised Rate

3.92%

Variable

Total estimated upfront fees
$835
Comparison Rate*

3.76%

Ongoing fee
$0
Go to site
Company
CUA
More details
Product
Advertised Rate

1.97%

Fixed - 3 years

Total estimated upfront fees
$835
Comparison Rate*

3.86%

Ongoing fee
$0
Go to site
Company
CUA
More details
Product
Advertised Rate

2.09%

Fixed - 2 years

Total estimated upfront fees
$835
Comparison Rate*

4.07%

Ongoing fee
$0
Go to site
Company
CUA
More details
Product
Advertised Rate

2.79%

Fixed - 2 years

Total estimated upfront fees
$835
Comparison Rate*

4.20%

Ongoing fee
$0
Go to site
Company
CUA
More details
Product
Advertised Rate

2.99%

Fixed - 5 years

Total estimated upfront fees
$835
Comparison Rate*

4.23%

Ongoing fee
$0
Go to site
Company
CUA
More details
Product
Advertised Rate

3.09%

Fixed - 5 years

Total estimated upfront fees
$835
Comparison Rate*

4.27%

Ongoing fee
$0
Go to site
Company
CUA
More details
Product
Advertised Rate

2.19%

Fixed - 1 year

Total estimated upfront fees
$835
Comparison Rate*

4.28%

Ongoing fee
$0
Go to site
Company
CUA
More details
Product
Advertised Rate

2.79%

Fixed - 1 year

Total estimated upfront fees
$835
Comparison Rate*

4.34%

Ongoing fee
$0
Go to site
Company
CUA
More details
Product
Advertised Rate

2.69%

Fixed - 3 years

Total estimated upfront fees
$835
Comparison Rate*

4.44%

Ongoing fee
$0
Go to site
Company
CUA
More details
Product
Advertised Rate

2.79%

Fixed - 3 years

Total estimated upfront fees
$835
Comparison Rate*

4.46%

Ongoing fee
$0
Go to site
Company
CUA
More details
Product
Advertised Rate

2.69%

Fixed - 2 years

Total estimated upfront fees
$835
Comparison Rate*

4.62%

Ongoing fee
$0
Go to site
Company
CUA
More details
Product
Advertised Rate

2.79%

Fixed - 2 years

Total estimated upfront fees
$835
Comparison Rate*

4.64%

Ongoing fee
$0
Go to site
Company
CUA
More details
Product
Advertised Rate

2.69%

Fixed - 1 year

Total estimated upfront fees
$835
Comparison Rate*

4.82%

Ongoing fee
$0
Go to site
Company
CUA
More details
Product
Advertised Rate

2.79%

Fixed - 1 year

Total estimated upfront fees
$835
Comparison Rate*

4.83%

Ongoing fee
$0
Go to site
Company
CUA
More details
Advertised Rate

5.31%

Variable

Total estimated upfront fees
$835
Comparison Rate*

5.38%

Ongoing fee
$0
Go to site
Company
CUA
More details

CUA customer service

CUA home loan customers can get in touch with the credit union by visiting one of its 60 plus branches Australia-wide. Alternatively customers can contact the customer service centre by phone. If home loan customers have difficulties concerning their repayments they can take advantage of CUA’s financial hardship hotline. Customers can also submit a query through the CUA website or by emailing their lender directly.

  • Customer service centre (phone, email, branch)
  • Mobile app
  • Online banking

How to Apply

Home loan enquires can be submitted online and a CUA home loan specialist will provide a call back. There is currently no functionality for customers to apply online. Applications can be completed face-to-face in a branch or over the telephone. For straight forward banking transactions CUA customers can use internet banking and their mobile app 24-hours a day. Before customers submit their loan application it’s recommended that they consider how much they can afford to borrow before making any commitments. To support their CUA home loan application customers may need to provide several documents including:

  • Personal identification.
  • Personal income details.
  • Details of current debts and assets.
  • Information about the property.

CUA home loans

CUA caters for a wide variety of mortgage customers:

  • First-home buyers
  • Upgraders
  • Refinancers
  • Renovators
  • Building/Construction
  • Investors
  • Self-employed (low-doc)

 CUA mortgage customers can choose from a range of interest rate options:

  • Principal-and-interest
  • Interest-only
  • Variable
  • Fixed
  • Split
  • Line of credit

The longest term offered at CUA on a home loan is 30 years, and its fixed interest rate mortgages range from 1-5 years. Depending on the product, CUA mortgages also include added features, like offset accounts, the ability to make extra repayments, and redraw facilities.

Some CUA home loans also allow a loan top-up, which gives customers the ability to use the equity in their property to pay for expenses like renovations, or for a deposit in an investment property.

CUA also offers package home loans, which include benefits and discounts on a range of products, including credit cards and insurance.

CUA home loan rates

To compete with the big banks, CUA offers mortgage rates that are generally lower than the market average.

Its owner-occupier home loan rates for customers paying principal and interest tend to be moderate to moderately low, however CUA does offer very low interest rates on some of its home loan packages for new customers and refinancers. For those paying interest-only, the rates are moderately low.

CUA investment home loans are generally moderately low, on mortgages where principal and interest are paid. For interest-only investment loans, the rates are moderate.

When it comes to home loan fees, CUA is on the cheaper end of the market. Many of its mortgages have no ongoing fees, and moderately low upfront fees. It also offers free redraw and extra repayment options on most of its products.

CUA home loan review

CUA’s headquarters are in Queensland, but CUA has 60 branches across the country and offers lower home loan rates and fees than many of its competitors in Australia. Unlike most banks that make profit for shareholders, CUA reinvests its profits and passes the benefits directly on to customers.

In 2017, CUA was named Money Magazine’s credit union of the year, in part because of its low interest rates and excellent customer service.

CUA has a wide variety of mortgages that would suit most borrowers. It offers home loans that let customers borrow up to 95 per cent of their property’s value (LVR), and allow parents to sign on as guarantors.

Unlike some of its competitors, CUA doesn’t have the capability to let customers sign up to a home loan online. Instead, applications need to be done face-to-face at a branch or over the phone.

What is a fixed home loan?

A fixed rate home loan is a loan where the interest rate is set for a certain amount of time, usually between one and 15 years. The advantage of a fixed rate is that you know exactly how much your repayments will be for the duration of the fixed term. There are some disadvantages to fixing that you need to be aware of. Some products won’t let you make extra repayments, or offer tools such as an offset account to help you reduce your interest, while others will charge a significant break fee if you decide to terminate the loan before the fixed period finishes.

What is a bad credit home loan?

A bad credit home loan is a mortgage for people with a low credit score. Lenders regard bad credit borrowers as riskier than ‘vanilla’ borrowers, so they tend to charge higher interest rates for bad credit home loans.

If you want a bad credit home loan, you’re more likely to get approved by a small non-bank lender than by a big four bank or another mainstream lender.

How can I get a home loan with bad credit?

If you want to get a home loan with bad credit, you need to convince a lender that your problems are behind you and that you will, indeed, be able to repay a mortgage.

One step you might want to take is to visit a mortgage broker who specialises in bad credit home loans (also known as ‘non-conforming home loans’ or ‘sub-prime home loans’). An experienced broker will know which lenders to approach, and how to plead your case with each of them.

Two points to bear in mind are:

  • Many home loan lenders don’t provide bad credit mortgages
  • Each lender has its own policies, and therefore favours different things

If you’d prefer to directly approach the lender yourself, you’re more likely to find success with smaller non-bank lenders that specialise in bad credit home loans (as opposed to bigger banks that prefer ‘vanilla’ mortgages). That’s because these smaller lenders are more likely to treat you as a unique individual rather than judge you according to a one-size-fits-all policy.

Lenders try to minimise their risk, so if you want to get a home loan with bad credit, you need to do everything you can to convince lenders that you’re safer than your credit history might suggest. If possible, provide paperwork that shows:

  • You have a secure job
  • You have a steady income
  • You’ve been reducing your debts
  • You’ve been increasing your savings

How can I calculate interest on my home loan?

You can calculate the total interest you will pay over the life of your loan by using a mortgage calculator. The calculator will estimate your repayments based on the amount you want to borrow, the interest rate, the length of your loan, whether you are an owner-occupier or an investor and whether you plan to pay ‘principal and interest’ or ‘interest-only’.

If you are buying a new home, the calculator will also help you work out how much you’ll need to pay in stamp duty and other related costs.

Why should you trust Real Time Ratings?

Real Time Ratings™ was conceived by a team of data experts who have been analysing trends and behaviour in the home loan market for more than a decade. It was designed purely to meet the evolving needs of home loan customers who wish to merge low cost with flexible features quickly. We believe it fills a glaring gap in the market by frequently re-rating loan products based on the changes lenders make daily.

Real Time Ratings™ is a new idea and will change over time to match the frequently-evolving demands of the market. Some things won’t change though – it will always rate all relevent products in our database and will not be influenced by advertising.

If you have any feedback about Real Time Ratings™, please get in touch.

How much deposit will I need to buy a house?

A deposit of 20 per cent or more is ideal as it’s typically the amount a lender sees as ‘safe’. Being a safe borrower is a good position to be in as you’ll have a range of lenders to pick from, with some likely to offer up a lower interest rate as a reward. Additionally, a deposit of over 20 per cent usually eliminates the need for lender’s mortgage insurance (LMI) which can add thousands to the cost of buying your home.

While you can get a loan with as little as 5 per cent deposit, it’s definitely not the most advisable way to enter the home loan market. Banks view people with low deposits as ‘high risk’ and often charge higher interest rates as a precaution. The smaller your deposit, the more you’ll also have to pay in LMI as it works on a sliding scale dependent on your deposit size.

What is a guarantor and guarantee?

A guarantor is a person, third party or organisation that agrees to guarantee your loan.

The guarantee is a legal assurance given by the guarantor to pay the loan if the borrower defaults and is unable to pay.

How does Real Time Ratings work?

Real Time RatingsTM looks at your individual home loan requirements and uses this information to rank every applicable home loan in our database out of five.

This score is based on two main factors – cost and flexibility.

Cost is calculated by looking at the interest rates and fees over the first five years of the loan.

Flexibility is based on whether a loan offers features such as an offset account, redraw facility and extra repayments.

Real Time RatingsTM also includes the following assumptions:

  • Costs are calculated on the current variable rate however they could change in the future.
  • Loans are assumed to be principal and interest
  • Fixed-rate loans with terms greater than five years are still assessed on a five-year basis, so 10-year fixed loans are assessed as being only five years’ long.
  • Break costs are not included.

Can I check my rates more than once? Can I go back to view loans from a different device (e.g. my phone) or at another time without having to enter details in again?

You can only check your rates once. However we will send you, via email, the link to the result page so that you may return to it.

How do I know if I have to pay LMI?

Each lender has its own policies, but as a general rule you will have to pay lender’s mortgage insurance (LMI) if your loan-to-value ratio (LVR) exceeds 80 per cent. This applies whether you’re taking out a new home loan or you’re refinancing.

If you’re looking to buy a property, you can use this LMI calculator to work out how much you’re likely to be charged in LMI.

How does it work? What are the steps involved?

To check your rate, start by entering your contact details and home loan information at ratecity.com.au. We’ll compare your current home loan to other options in our database, and let you know how much you could save by refinancing.  

If we can’t beat your current rate, you can claim a $100 gift card by confirming your home loan details with us.*

Whether we find you a lower rate or not, all entries will go in the draw to win a chance at $1 million.^

How do I find out my current interest rate and how much is owing on my loan?

Your bank statements and/or your internet banking should show these details. If you are not sure, call your bank or estimate.

Who has the best home loan?

Determining who has the ‘best’ home loan really does depend on your own personal circumstances and requirements. It may be tempting to judge a loan merely on the interest rate but there can be added value in the extras on offer, such as offset and redraw facilities, that aren’t available with all low rate loans.

To determine which loan is the best for you, think about whether you would prefer the consistency of a fixed loan or the flexibility and potential benefits of a variable loan. Then determine which features will be necessary throughout the life of your loan. Thirdly, consider how much you are willing to pay in fees for the loan you want. Once you find the perfect combination of these three elements you are on your way to determining the best loan for you. 

Why do I need to enter my contact details?

We ask for your contact details so we can get in touch with you if you are our winner!

We may also use your information to keep you up to date on future RateCity initiatives and news, if you select this option. You can opt out at any time.

If, after checking how much you could save on a lower home loan rate, you choose to get more help from a home lender or mortgage broker, you can choose to let us pass your contact details directly on to this lender or broker so they can contact you.

What factors does Real Time Ratings consider?

Real Time RatingsTM uses a range of information to provide personalised results:

  • Your loan amount
  • Your borrowing status (whether you are an owner-occupier or an investor)
  • Your loan-to-value ratio (LVR)
  • Your personal preferences (such as whether you want an offset account or to be able to make extra repayments)
  • Product information (such as a loan’s interest rate, fees and LVR requirements)
  • Market changes (such as when new loans come on to the market)