Discounted Variable Rate Home Loan Interest Only
Home LoansData Sharing Status
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 (investment)
- 7.54%
- 7.43% comparison
Interest Rates
Owner occupied — Interest only
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable | 7.84% | 7.42% | — |
Investment — Interest only
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable | 7.54% | 7.43% | — |
Fees
| Fee | Type | Amount |
|---|---|---|
| Application fee | Upfront | $600.00 |
| Increase an existing discounted home loan | Event | $0.00 |
| Settlement fee | Upfront | $300.00 |
| Split Loan Fee | Event | $150.00 |
| Split Loan Fee | Event | $100.00 |
| Guarantor Application Fee | 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 — 80%
Bundles
Discounted Variable Rate Home Loan Interest Only
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_IO · View on CDR.gov.au