6.0 / 10

based on 6 reviews as rated by Mozo community

Australian Unity personal loans

Established in 1840 and operating for over 180 years, Australian Unity now offers a wide range of products across insurance, wealth and banking. Plus, it’s member-owned, meaning its members and customers are its primary focus when it comes to investing in a bunch of services and solutions.  

And that’s why Australian Unity offers a bunch of personal loan options, including secured, unsecured and car loans. So whatever the reason you need to borrow some cash, an Australian Unity personal loan might be exactly what you need. Read on and find out about the products on offer …

Australian Unity offers the following personal loans

Rates and fees verified as correct at 27 February, 2021. Other information correct at the time of writing. Advertiser disclosure.

Product Interest rate from Comparison rate from Upfront fee
Car Loan (Fixed, Secured)

6.99% p.a.

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

$199

Secured Personal Loan (Variable)

8.99% p.a.

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

$199

Unsecured Personal Loan (Variable)

14.99% p.a.

16.36% p.a.based on $10,000
over 3 years

$199

What personal loans does Australian Unity offer? 

Secured Personal Loan 

Whether it's to fund a home renovation or wedding, if you have an asset to put against a loan, Australian Unity’s secured personal loan could be what you are looking for. With this loan customers can borrow from $5,000 upwards, plus there is the option to pay it down from 1 to 7 years. Not only that, borrowers can opt to make weekly, fortnightly or monthly repayments as well as free extra repayments and redraws if they want to. 

There are no monthly service, exit or early repayments attached to this loan, just be mindful Australian Unity does charge an upfront application fee. Also remember, this is a variable interest rate option - meaning it could go up or down at any point over the life of the loan. 

Unsecured Personal Loan 

Don’t want to or can’t put up an asset against a personal loan? No worries, Australian Unity also offers an unsecured personal loan option. Like the secured option above, there are a bunch of loan terms from 1 to 7 years and borrowers have the choice of a weekly, fortnightly or monthly repayment schedule. There are also free extra repayments and a redraw facility as well, without an early repayment penalty. 

Because the loan is unsecured the interest rate is higher than the secured option. On top of that, there is also a limit to how much you can borrow: between $5,000 and $20,000. Don’t forget, there is an application fee on this loan to budget for as well. 

Car Loan 

If you have your eyes on a car that is less than five years old and need a loan to help you get your hands on the keys, take a look at the Australian Unity Car Loan. This loan works in a very similar way to the secured loan, just that you use the car you are buying as security against the loan. Customers can borrow from $5,000, plus interest rates are also lower on this loan. 

Like the above mentioned loans, customers can choose to borrow between 1 to 7 years and make weekly, fortnightly or monthly repayments. Australian Unity also allows customers to make free extra repayments and access a redraw facility on their additional contributions if they want to. There is no early repayment charge, but there is an upfront fee upon application. 

Australian Unity personal loan features at a glance 

How do you apply for an Australian Unity personal loan? 

Applying for an Australian Unity personal loan can be done online and takes around 10 minutes to complete. You’ll need a few things handy before you start your application though. 

Here’s what you need: 

How are Australian Unity personal loans rated?

Mozo users have rated Australian Unity personal loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of personal-loans
Australian Unity personal loans
Overall
10.0/10
Price
Features
Customer service
Convenience
Trust

1 Reviews

Recent Australian Unity personal loan reviews

Australian Unity Personal Loan review
Overall 10/10
Best bank ever

Go try you will see what am talking about. Try this bank. Best bank ever.

Read full review

Go try you will see what am talking about. Try this bank. Best bank ever.

Price
8/10
Features
7/10
Customer service
7/10
Convenience
10/10
Trust
10/10
Less
Adeola, South Australia, reviewed 8 months ago

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