Credit Union SA car loans

Credit Union SA
Credit Union SA's overall rating for car loans

(as rated by the Mozo community)

10.0 / 10

based on 1 reviews

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

Product Interest rate from Comparison rate from* Upfront fee

7.99% p.a.

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


5.99% p.a.

6.26% p.a.based on $30,000
over 5 years


13.60% p.a.

13.89% 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 for the amounts and terms quoted, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans, and apply only to these examples. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and 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:

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!

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