8.3 / 10

based on 254 reviews as rated by Mozo community

Credit Union SA car loans

Will you borrow from a customer owned institution to fund your car dreams? Why not try Credit Union SA, a South Australian based alternative to the big banks with 50k members and counting. Weigh up your options by reading up on its car loans, right here on this page.

Credit Union SA offers the following car loans

Rates and fees verified as correct at 30 November, 2020. Other information correct at the time of writing. Advertiser disclosure.

Product Interest rate from Comparison rate from Upfront fee
Education Community Fixed Rate Personal Loan (Vehicles 2 to 7 years old, Secured)

7.99% p.a.

7.99% p.a.based on $30,000
over 5 years

$0

Education Community Special Fixed Rate Personal Loan (Vehicles up to 2 years old, Secured)

5.59% p.a.

5.59% p.a.based on $30,000
over 5 years

$0

Education Community Variable Rate Personal Loan (Unsecured)

13.60% p.a.

13.60% p.a.based on $30,000
over 5 years

$0

Fixed Rate Personal Loan (Vehicles 2 to 7 years old, Secured)

7.99% p.a.

8.26% p.a.based on $30,000
over 5 years

$195

Online-only Special Fixed Rate Personal Loan (Secured)

3.99% p.a.

4.40% p.a.based on $30,000
over 5 years

$300

Special Fixed Rate Personal Loan (Vehicles up to 2 years old, Secured)

5.59% p.a.

5.86% p.a.based on $30,000
over 5 years

$195

Variable Rate Personal Loan (Unsecured)

13.60% p.a.

13.89% p.a.based on $30,000
over 5 years

$195

WARNING: 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. 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.

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.

Credit Union SA car loan FAQs

What’s a fixed interest rate?

It’s simply an interest rate promising not to increase or decrease while you repay your loan. All Credit Union SA secured car loans have fixed rates, meaning you’ll know exactly what repayments will cost you from the get go.

Should I secure my car to the loan?

Good question, as there’s a huge interest rate difference between secured and unsecured loans. If you sign the dotted line and secure your car, Credit Union SA will offer you a competitively low fixed rate. But if not, expect to pay nearly twice as much in interest, on a rate subject to change (also known as a variable rate). Your choice.

Can I buy a preloved car?

Absolutely, you’ll still qualify for a secured loan if your car is aged 7 years or less. Want to buy an older vehicle? Just opt for an unsecured loan and pay interest at a higher rate. To score the most competitive rate with Credit Union SA, choose a set of wheels that’s seen less than 2 years on the road.

How much can I borrow?

This is a hard question, because every person’s financial situation is unique. For starters, you’ll need to have a clean credit history and consistent income. Plus, your car loan choice will have price range parameters too. For instance, Credit Union SA secured car loans can range from $5k - $10k, while unsecured loan contracts can be written up from $5k - $50k.

How frequently will I need to make repayments?

Whichever suits you out of a weekly, fortnightly or monthly billing cycle. Don’t forget to set up automatic payments, so you don’t miss a due date!

How long can I take to pay off my loan?

From 1 - 7 years. Work out an ideal time-frame with Credit Union SA that sits comfortably within your budget.

Can I repay my loan earlier than required?

Sure can. Not only will it mean paying less interest on your debt, but you won’t be charged a penalty fee.

What if I want to dip into extra loan repayments?

You can, and free of charge too! Just keep in mind, you may be required to redraw a minimum amount each time. Would that bother you? Find another loan with no redraw restrictions at our car loan hub.

What’s the car application process like?

Very easy, and you don’t even need to be residing in South Australia. Apply online, over the phone or at a branch near you. Gather the following personal details before you do it to speed up the process:

  • Your driver’s licence or passport to confirm your ID
  • Your residential address in Australia
  • Employment info including where you work and yearly income
  • A list of any outstanding debts or assets

Once all the boxes have been ticked and forms handed in, expect to hear back from them on the outcome in a few business days. Best of luck and enjoy the ride!

How are Credit Union SA car loans rated?

Mozo users have rated Credit Union SA car loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of car-loans
Credit Union SA car loans
Overall
8.8/10
Price
Features
Customer service
Convenience
Trust

6 Reviews

Recent Credit Union SA car loan reviews

Credit Union SA Fixed Rate Personal Loan review
Overall 9/10
Great customer support.

This bank has been great as it offered me a range of options when looking for a loan. The people you speak to are knowledgeable and helpful. The whole process was quick and easy.

Read full review

This bank has been great as it offered me a range of options when looking for a loan. The people you speak to are knowledgeable and helpful. The whole process was quick and easy.

Price
9/10
Features
9/10
Customer service
9/10
Convenience
8/10
Trust
8/10
Less
K8m, South Australia reviewed 9 months ago
Credit Union SA Variable Rate Personal Loan (Unsecured) review
Overall 4/10
Bad

Would not recommend their car loans to others.

Read full review

Would not recommend their car loans to others.

Less
Shane, South Australia reviewed about 2 years ago
Credit Union SA Fixed Rate Personal Loan review
Overall 10/10
Awesome

I like this credit union because they never hassle me and trust me with my pay,nets they are excellent with the conversation and made sure I understood everything that was been said and answered my questions with no problems.very professional

Read full review

I like this credit union because they never hassle me and trust me with my pay,nets they are excellent with the conversation and made sure I understood everything that was been said and answered my questions with no problems.very professional

Price
10/10
Features
10/10
Customer service
10/10
Convenience
9/10
Trust
10/10
Less
Julia kemble, South Australia reviewed almost 6 years ago
Credit Union SA Car Loan review
Overall 10/10
Great customer relations and top service always

Most helpful with any queries and taking the worry out of insuring.

Read full review

Most helpful with any queries and taking the worry out of insuring.

Price
8/10
Features
9/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Mozo community reviewer, South Australia reviewed over 7 years ago

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