Variable Rate Offset Home Loan
Our Variable Rate Offset Home Loan is packed full of features for owner occupiers to get into their ideal first home, or forever home. With a sharp variable rate, 100% offset facility, standard establishment fee waived and no penalty for extra repayments, this home loan was designed with owner occupiers in mind.
- From (owner occupied)
- 6.19%
- 6.19% comparison
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable Comparison rate based on $150,000 loan over 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan. · Aged 18 years or older | 6.19% | 6.19% | Loan to valuation ratio equal to or less than 80% |
| Variable Comparison rate based on $150,000 loan over 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. · Aged 18 years or older | 6.49% | 6.49% | Loan to valuation ratio greater than 80% |
Fees
| Fee | Type | Amount |
|---|---|---|
| Valuation Fee On application, The Capricornian will pay the first $500.00 for any valuations required. For Construction loans a progress inspection valuation fee will apply | Upfront | From $0.00 |
| Further Advance Establishment Fee Includes one valuation up to the cost of $300 - Excludes additional valuation costs and solicitors costs to prepare mortgage documents and settlement fees. | Event | $400.00 |
| Contract Variation & Consent Fee A fee is charged when a member applies to vary their loan conditions | Event | $400.00 |
| Mortgage Discharge Fee This fee is payable in addition to solicitors fees, registration, searches and other third party fees that may apply. | Exit | $300.00 |
| Arrears Fees - Reminder call fee Applies when you fail to make your contracted repayments by the repayment due date. | Event | $5.00 |
| Arrears Fees - Default Notice Fee If you don’t make your payment after a period of time in arrears, you will be issued with a default notice. | Event |
Features
- Offset account
- 100% offset account available.
- PayID
- An account of this product type can be used to receive funds as a result of a BSB/Number based NPP payment
- Receive a discounted standard premium on CGU Home & Contents Insurance for your policy’s first 12 months when taken out through The Capricornian
- Access Account with no Transaction Fees, Account Keeping Fees and Card fees when you possess an active Variable Rate Offset Home Loan.
- Establishment fees waived on personal loans when you possess an active Variable Rate Offset Home Loan
- Digital banking
- Includes access to digital banking services Access is available to online banking features for the product
- Real-time payments (NPP)
- An account of this product type can be used as the target of an NPP PayID
Eligibility
- New Lending Only
- You will need to become a member of the Credit Union before The Capricornian can accept a loan application.
- Individuals only
- Residency status — Individuals must be citizens or permanent residents of Australia.
- Minimum age — 18 years
Constraints
- Minimum limit — $250,000.00and up to 97% of the property value.
- Maximum LVR — 97%Lenders Mortgage Insurance (LMI) is required where the loan is greater than 80% of the value of the security property for Principal and Interest Loans or 78% for Interest Only Loans. This may vary based on the size and location of the property.
More Information
Published by The Capricornian under the Consumer Data Right · Last updated 10 May 2026 · Product ID 3ea18e62-9de6-4957-abc4-0d9f27a45e74 · View on CDR.gov.au · View Source Data (JSON)