Discounted Variable Rate Home Loan Principal and Interest
Our Discounted Variable Rate Home Loan is a great choice if you’re a budget-conscious borrower on the lookout for something simple, but effective, that won’t charge you extra if you want to repay it faster.
- From (owner occupied)
- 7.04%
- 7.07% comparison
Interest Rates
Owner occupied — Principal & interest
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable | 7.04% | 7.07% | — |
Investment — Principal & interest
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable | 7.29% | 7.32% | — |
Fees
| Fee | Type | Amount |
|---|---|---|
| Application fee When you apply for a discounted home loan | Upfront | $600.00 |
| Increase an existing discounted home loan When you apply to increase an existing discounted home loan | Event | $0.00 |
| Settlement fee Payable when a new loan is funded or our representative attends settlement | Upfront | $300.00 |
| Split Loan Fee Payable when you want to divide your total home loan amount into separate loan accounts. $150 for the first split plus $100 per split thereafter on same security for all home loan types | Event | $150.00 |
| Split Loan Fee Payable when you want to divide your total home loan amount into separate loan accounts. $150 for the first split plus $100 per split thereafter on same security for all home loan types | Event | $100.00 |
| Guarantor Application Fee Payable whenever we prepare guarantee documents for a loan. | Event | $200.00 |
Features
- No loan application, monthly or annual fee
- Redraw facility
- Unlimited fee-free additional repayments
- Digital banking
- Extra repayments
- Guarantor supported
- Split Loans are available with eligible products
Eligibility
- Minimum age — 18 years
- Residency status — Australian citizen or permanent resident
Constraints
- Opening balance — $20,000.00
- Maximum LVR — 97%
Bundles
Discounted Variable Rate Home Loan Principal and Interest
No application fee and reduced rate on Green Loan.
More Information
Published by Credit Union SA under the Consumer Data Right · Last updated 28 June 2026 · Product ID CREDITUNIONSA_HL_440 · View on CDR.gov.au · View Source Data (JSON)