CUA Home Loan Lender

CUA Home Loan Lender

CUA Home Loan Lender, more formally known as Credit Union Australian, is a credit union with headquarters in Brisbane, Australia. It was used to be called the Queensland Postal Co-operative in 1966, CUA's foundation year.

CUA Home Loan Lender merged with C.P.S. or Credit Society and Metropolitan Credit Union in the late 1990s. This expanded CUA Home Loan Lender's business into the Victoria and New South Wales areas. It merged again with the Australian National Credit Union, further expanding into New South Wales, Victoria, Western Australia and ACT.

CUA is one of the leading member-owned financial institutions in Australia. It started with only 180 members. CUA Home Loan Lender grew to 11,504 within just 10 years. The growth of CUA Home Loan Lender went alongside its mergers and expansions. Now, it boasts of having 380,000 members, making CUA one of the biggest credit unions in Australia.

CUA Home Loan Lender offers several financial services. Aside from the usual savings, insurance and credit card services, CUA Home Loan Lender offers practical home loan alternatives:

1. Home Loans with Variable Interest Rates - This type of loan by CUA Home Loan Lender allows borrower flexibility when it comes to making changes to loan payments without incurring penalties. There are further alternatives under this loan option by CUA Home Loan Lender: Basic Variable Rate Loan, Standard Variable Rate Loan, and Discounted Variable Rate Loan.
2. Home Loan with Fixed Interest Rates - This option allows for fixed payments so borrowers won't have to deal with fluctuating interest rates. Lump sum payments can be made without penalties.
3. Interest Only Loans - This financing option by CUA Home Loan Lender allows borrowers to pay only the interest incurred.
4. Line of Credit Loans - This is CUA Home Loan Lender's Mortgage Freedom option that lets borrowers set up a credit line based on 90% of their mortgaged home's value.