Queensland Country Credit Union car loans

Queensland Country Credit Union
Queensland Country Credit Union's overall rating for car loans

(as rated by the Mozo community)

8.3 / 10

based on 3 reviews

Fancy picking a rural credit union to help you buy a new or used car? Consider one of Queensland Country Credit Union’s car loans which have fixed, competitive rates and nifty account features too. For more info, refer to our comparison table and FAQs below….

Queensland Country Credit Union offers the following car loans

Product Interest rate from Comparison rate from* Upfront fee
New Car Loan (up to 3 years old) (Fixed)
Queensland Country Credit Union

7.95% p.a.

8.55% p.a.based on $30,000
over 5 years

$175

Secured Personal Loan (Fixed)
Queensland Country Credit Union

9.75% p.a.

10.34% p.a.based on $30,000
over 5 years

$175

Unsecured Personal Loan (Fixed)
Queensland Country Credit Union

12.95% p.a.

14.84% p.a.based on $10,000
over 3 years

$120

* 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.

Queensland Country Credit Union car loan FAQs

What’s the benefit of having a fixed rate loan?

Fixed rate loans have guaranteed interest rates, which means your budget won’t be impacted by fluctuations in the market. So if you like Queensland Country Credit Union’s competitive rates, then one of its car loans could be for you.

Like many fixed rate products out there, these loans don’t have a redraw facility to dip into extra repayments. On the plus side, you can pay off your debt early without being charged a penalty fee. Sound like your match? Read on to find out next whether you should opt for the secured or unsecured version...

Should I secure my car to the loan?

Secured loans have lower interest rates, so if you want to pay less in interest and don’t mind signing extra paperwork, then go for it! Keep in mind, it will cast a smaller net on the car you can buy though, as you’ll be looking at vehicles aged under 3 years only. If you’d rather own an older vehicle (with a price tag of up to $20k), pick the Queensland Country Credit Union unsecured loan instead.

How much can I borrow?

A few factors come into this, like what you earn and your history of handling credit. With Queensland Country Credit Union, secured loans can range from $1k to $50k. If you want to borrow more than that, have a chat with them and they may agree to lend you more, on a loan term of 5+ years. When it comes to unsecured car loans, you can only borrow up to $20k.

How often can I make repayments?

Weekly, fortnightly or monthly. Choose a frequency that will match your budget nicely.

How long can I take to pay off my loan?

From 1 to 7 years with a secured loan, and up to 5 if your loan is unsecured. Don’t let these numbers slow you down, as you can always repay your debt early without incurring a penalty fee.

So my repayments can be ahead of schedule?

That’s right, you can make as many extra repayments as you like! Just be careful not to bite off more than you can chew. After all, you won’t have access to the funds via a redraw facility.

So just to clarify...there are no break fees?

Yep, another nifty thing about Queensland Country Credit Union car loans, is that you don’t get penalised in fees for wiping off your debt earlier than required.

Where’s the redraw facility?

Good question...there isn’t one. If that’s a dealbreaker, we can help. Use our car loan hub and browse through up to 200 products in the market!

Can I use a Queensland Country Credit Union loan for a second-hand ride?

Absolutely, you can even finance a car under 3 years old using its new car loan. Older vehicles must be purchased with an unsecured loan instead.

What if I make a repayment late?

You may be charged a late payment fee. But the stakes are higher if you miss too many. You could tarnish your credit rep, default on the loan, and your car could even get repossessed (with secured loans). Avoid this happening by setting up direct payments from a bank account that gets topped up regularly, so you can “set and forget”. If it so happens that you begin to experience financial hardship while paying off your loan, let Queensland Country Credit Union know ASAP.

What’s the application process like?

Simple really. You can apply online, over the phone, or at a branch. To give you every chance of car loan approval, have the following things ready to supply Queensland Country Credit Union:

Once you’ve applied, the turnaround should be quick. Sit tight, and within a couple of business days, your shiny new wheels could be the talk of your street!

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