Credit Union Australia (CUA) has cut their three-year fixed rate home loan by 10 basis points to 4.79% (5.29% comparison rate).

The offer is effective from Thursday 22 August.

CUA’s new three-year fixed rate home loan includes no ongoing fees and allows up to three repayments to be made in advance without penalty.

Your Mortgage’s home loan calculator shows a 0.10% decrease will save property investors about $16 a month for a home loan of $280,000 on a loan term of 25 years, compared to the previous rate.

It can be confusing to know whether to get a variable rate or fixed rate mortgage, and what features are important. That's why it's important to not only check the right rates, but make sure that you're getting the right features in your home loan. Get help choosing the right home loan