No Frills Owner Occupied Home Loan
Our No Frills Home Loan is available to home buyers looking for a variable interest rate with features designed for a smooth and easy experience.
- From (owner occupied)
- 6.09%
- 6.14% 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 | 6.09% | 6.14% | 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 | 6.39% | 6.44% | Loan to valuation ratio greater than 80% |
Fees
| Fee | Type | Amount |
|---|---|---|
| Mortgage Discharge Fee This fee is payable in addition to solicitors fees, registration, searches and other third party fees that may apply. | Event | $300.00 |
| 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. | Upfront | $600.00 |
| Contract Variation & Consent Fee A fee is charged when a member applies to vary their loan conditions | Event | $400.00 |
| 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 | $40.00 |
| Arrears Fees - Reminder call fee Applies when you fail to make your contracted repayments by the repayment due date. | Event | $5.00 |
| 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. | Upfront |
Features
- Interest Only option available on request
- PayID
- An account of this product type can be used to receive funds as a result of a BSB/Number based NPP payment
- Real-time payments (NPP)
- An account of this product type can be used as the target of an NPP PayID
- Digital banking
- Access using The Capricornian Internet Banking or The Cap App
- Redraw facility
- Redraw of repaid principal above minimum required is available
- Notifications — Notification via email, SMS or secure message in online banking.
- SMS and/or email notifications available
- Extra repayments
- Additional repayment options without penalty.
Eligibility
- New Loans Only or existing borrowers who apply for an increase in their home loan of $150,000 or more.
- You will need to become a member of the Credit Union before The Capricornian can accept a loan application.
- Residency status — Individuals must be citizens or permanent residents of Australia.
- Minimum age — 18 years
Constraints
- 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.
- Minimum limit — $150,000.00
More Information
Published by The Capricornian under the Consumer Data Right · Last updated 10 May 2026 · Product ID 8f169e0c-9488-40fa-97fe-d614ec6bf293 · View on CDR.gov.au