Big Sky car loans

Big Sky
Big Sky's overall rating for car loans

(as rated by the Mozo community)

8.5 / 10

based on 2 reviews

Big Sky is a credit union owned by Australian Unity, with a history of offering financial services to Australians for over 40 years. If you want to borrow credit from an alternative to the major banks for a new or used car, one of Big Sky’s four competitive rate loans could suit your needs. Let this page inform you all about them, before you sign that dotted line.

Big Sky offers the following car loans

Product Interest rate from Comparison rate from* Upfront fee

6.99% p.a.

7.27% p.a.based on $30,000
over 5 years


8.99% p.a.

9.28% p.a.based on $30,000
over 5 years


11.99% p.a.

12.28% p.a.based on $30,000
over 5 years


*The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

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Big Sky car loan FAQs

What is a variable interest rate?

All Big Sky car loans involve variable rates, meaning they can increase or decrease at any point while you pay off your loan. When comparing loans with this type of rate, factor in how a potential rate rise would play out for your budget. On the plus side, Big Sky’s rates are competitively low, and their car loans have convenient features like zero fee loan repayments, and no penalties for finalising loans earlier than required.

Should I secure my car to the loan?

It’s far cheaper to have a secured car loan, as you’re charged less in interest thanks to the lower rate. There’s a little more paperwork involved with getting it done, and it gives Big Sky the ability to claim your vehicle if you cannot repay your loan. If you’re looking to buy a preloved car, consider opting for a partially secured loan or unsecured loan with a higher rate attached.

How much can I borrow?

Big Sky offer loans from $1,500, up to an agreed amount that the customer can afford. This means, that you could potentially take out a $50k car loan if your credit history and employment situation fits the bill.

How frequently will I need to make repayments?

If you’re looking for flexibility on dates, Big Sky will give you the option to pick between weekly, fortnightly or monthly billing cycles.

How long can I take to pay off my loan?

The life of your loan can range from 1 - 8 years. If your situation changes and you want to finalise your loan early, Big Sky won’t penalise you for it in fees.

What if I want to dip into extra loan repayments?

It isn’t possible with this lender. If you want a loan that gives you access to additional repayments, use our car loans hub for easy comparison.

What’s the application process like?

To take out a car loan with Big Sky, you’ll need to sign an online form on the official website, or give them a call. At the time of writing, this credit union doesn’t have physical branches, so the process will be virtual. 

Before you go ahead and sign up, remember to:

Once everything has been completed, you should hear back on the outcome in a few business days.

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