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 repayments

at interest rate 3.18 %

Total interest payable

$0

Total amount payable

$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

Product
Advertised Rate
Total estimated upfront fees
Comparison Rate*
Ongoing fee
Go to site
Company

3.18%

Variable

$835

3.23%

$0
CUA
More details

3.43%

Variable

$835

3.25%

$0
CUA
More details

3.68%

Variable

$835

3.32%

$0
CUA
More details

3.33%

Variable

$835

3.38%

$0
CUA
More details

3.43%

Variable

$835

3.39%

$0
CUA
More details

3.83%

Variable

$835

3.47%

$0
CUA
More details

3.49%

Variable

$835

3.54%

$0
CUA
More details

3.52%

Variable

$835

3.57%

$0
CUA
More details

3.62%

Variable

$835

3.58%

$0
CUA
More details

3.68%

Variable

$835

3.58%

$0
CUA
More details

4.02%

Variable

$835

3.66%

$0
CUA
More details

3.84%

Variable

$835

3.68%

$0
CUA
More details

3.76%

Variable

$835

3.81%

$0
CUA
More details

3.86%

Variable

$835

3.82%

$0
CUA
More details

4.11%

Variable

$835

3.86%

$0
CUA
More details

3.95%

Variable

$835

4.00%

$0
CUA
More details

4.05%

Variable

$835

4.01%

$0
CUA
More details

4.30%

Variable

$835

4.15%

$0
CUA
More details

3.45%

Fixed - 5 years

$835

4.31%

$0
CUA
More details

2.98%

Fixed - 3 years

$835

4.39%

$0
CUA
More details

3.50%

Fixed - 3 years

$835

4.52%

$0
CUA
More details

3.30%

Fixed - 2 years

$835

4.60%

$0
CUA
More details

3.50%

Fixed - 2 years

$835

4.63%

$0
CUA
More details

3.89%

Fixed - 2 years

$835

4.70%

$0
CUA
More details

3.99%

Fixed - 2 years

$835

4.72%

$0
CUA
More details

3.30%

Fixed - 1 year

$835

4.73%

$0
CUA
More details

3.70%

Fixed - 5 years

$835

4.73%

$0
CUA
More details

3.50%

Fixed - 1 year

$835

4.75%

$0
CUA
More details

3.89%

Fixed - 1 year

$835

4.79%

$0
CUA
More details

3.99%

Fixed - 1 year

$835

4.80%

$0
CUA
More details

3.90%

Fixed - 5 years

$835

4.81%

$0
CUA
More details

3.50%

Fixed - 3 years

$835

4.92%

$0
CUA
More details

3.70%

Fixed - 3 years

$835

4.98%

$0
CUA
More details

3.80%

Fixed - 3 years

$835

5.00%

$0
CUA
More details

4.40%

Fixed - 5 years

$835

5.02%

$0
CUA
More details

3.70%

Fixed - 2 years

$835

5.11%

$0
CUA
More details

4.20%

Fixed - 3 years

$835

5.11%

$0
CUA
More details

3.84%

Fixed - 2 years

$835

5.14%

$0
CUA
More details

4.00%

Fixed - 2 years

$835

5.17%

$0
CUA
More details

4.34%

Fixed - 2 years

$835

5.23%

$0
CUA
More details

3.70%

Fixed - 1 year

$835

5.26%

$0
CUA
More details

4.00%

Fixed - 1 year

$835

5.29%

$0
CUA
More details

4.19%

Fixed - 1 year

$835

5.31%

$0
CUA
More details

4.69%

Fixed - 1 year

$835

5.36%

$0
CUA
More details

5.56%

Variable

$835

5.63%

$0
CUA
More details

4.00%

Fixed - 5 years

$835

5.85%

$0
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.

You couldn’t beat my current rate – how do I claim my reward?

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

To do this, on your results page you’ll need to securely upload a bank statement or similar home loan document that can be used to confirm the home loan details you provided. We’ll keep your information private and confidential and only use your document to confirm your entry.

What are the pros and cons of no-deposit home loans?

It’s no longer possible to get a no-deposit home loan in Australia. In some circumstances, you might be able to take out a mortgage with a 5 per cent deposit – but before you do so, it’s important to weigh up the pros and cons.

The big advantage of borrowing 95 per cent (also known as a 95 per cent home loan) is that you get to buy your property sooner. That may be particularly important if you plan to purchase in a rising market, where prices are increasing faster than you can accumulate savings.

But 95 per cent home loans also have disadvantages. First, the 95 per cent home loan market is relatively small, so you’ll have fewer options to choose from. Second, you’ll probably have to pay LMI (lender’s mortgage insurance). Third, you’ll probably be charged a higher interest rate. Fourth, the more you borrow, the more you’ll ultimately have to pay in interest. Fifth, if your property declines in value, your mortgage might end up being worth more than your home.

How much money can I borrow for a home loan?

Tip: You can use RateCity how much can I borrow calculator to get a quick answer.

How much money you can borrow for a home loan will depend on a number of factors including your employment status, your income (and your partner’s income if you are taking out a joint loan), the size of your deposit, your living expenses and any other debt you might hold, including credit cards. 

A good place to start is to work out how much you can afford to make in monthly repayments, factoring in a buffer of at least 2 – 3 per cent to allow for interest rate rises along the way. You’ll also need to factor in additional costs that come with purchasing a property such as stamp duty, legal fees, building inspections, strata or council fees.

If you are planning on renting the property, you can factor in the expected rental income to help offset the mortgage, but again it’s prudent to add a significant buffer to allow for rental management fees, maintenance costs and short periods of no rental income when tenants move out. It’s also wise to factor in changes in personal circumstances – the typical home loan lasts for around 30 years and a lot can happen between now and then.

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.

What is a low-deposit home loan?

A low-deposit home loan is a mortgage where you need to borrow more than 80 per cent of the purchase price – in other words, your deposit is less than 20 per cent of the purchase price.

For example, if you want to buy a $500,000 property, you’ll need a low-deposit home loan if your deposit is less than $100,000 and therefore you need to borrow more than $400,000.

As a general rule, you’ll need to pay LMI (lender’s mortgage insurance) if you take out a low-deposit home loan. You can use this LMI calculator to estimate your LMI payment.

What is appraised value?

An estimation of a property’s value before beginning the mortgage approval process. An appraiser (or valuer) is an expert who estimates the value of a property. The lender generally selects the appraiser or valuer before sanctioning the loan.

Mortgage Calculator, Deposit

The proportion you have already saved to go towards your home. 

What does going guarantor' mean?

Going guarantor means a person offers up the equity in their home as security for your loan. This is a serious commitment which can have major repercussions if the person is not able to make their repayments and defaults on their loan. In this scenario, the bank will legally be able to the guarantor until the debt is settled.

Not everyone can be a guarantor. Lenders will generally only allow immediate family members to act as a guarantor but this can sometimes be stretched to include extended family depending on the circumstances.

Who offers 40 year mortgages?

Home loans spanning 40 years are offered by lenders such as BCU, Teacher’s Mutual Bank and Pepper. Even though these loans exist on the market, they are not overwhelmingly popular as the extra interest you pay compared to a 30-year loan can be over $100,000 or more.

Mortgage Calculator, Repayments

The money you pay back to your lender at regular intervals. 

What is breach of contract?

A failure to follow all or part of a contract or breaking the conditions of a contract without any legal excuse. A breach of contract can be material, minor, actual or anticipatory, depending on the severity of the breaches and their material impact.

How do I calculate monthly mortgage repayments?

Work out your mortgage repayments using a home loan calculator that takes into account your deposit size, property value and interest rate. This is divided by the loan term you choose (for example, there are 360 months in a 30-year mortgage) to determine the monthly repayments over this time frame.

Over the course of your loan, your monthly repayment amount will be affected by changes to your interest rate, plus any circumstances where you opt to pay interest-only for a period of time, instead of principal and interest.

How can I use the $100 gift card?

Your $100 gift card works just like a digital VISA debit card and can be used anywhere that these cards are accepted until its balance runs out.

Mortgage Balance

The amount you currently owe your mortgage lender. If you are not sure, enter your best estimate.

What is the ratings scale?

The ratings are between 0 and 5, shown to one decimal point, with 5.0 as the best. The ratings should be used as an easy guide rather than the only thing you consider. For example, a product with a rating of 4.7 may or may not be better suited to your needs than one with a rating of 4.5, but both are probably much better than one with a rating of 1.2.