Credit Union SA car loans

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.

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.

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.

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.

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!

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

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

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.

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!