Big Sky personal loans

Big Sky
Big Sky's overall rating for personal loans

(as rated by the Mozo community)

7.6 / 10

based on 9 reviews

Big Sky is a credit union made up of several former customer owned institutions with a history of providing financial products to Australians since its inception in 1971. When it comes to personal loans, there are four types on offer with a range of security options to suit applicants with or without an asset. Scroll down and discover if a Big Sky personal loan detailed below is suitable for you...

Big Sky offers the following personal loans

Rates and fees verified as correct at 25 September, 2018. Other information correct at the time of writing.

Product Interest rate from Comparison rate from* Upfront fee

6.99% p.a.

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


8.99% p.a.

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


11.99% p.a.

12.28% 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 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. WARNING: 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.

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What personal loans do Big Sky offer?

New car loan

If you’re thinking of taking out a loan to help finance some new wheels, the features of Big Sky’s car loan could appeal to you. Loan amounts start from $1,500 and the maximum amount you can loan depends on your borrowing power. Not only are there no initial or ongoing fees, you’ll also pay less in interest thanks to the competitive rate. In return, Big Sky requires you tie your vehicle against the loan as collateral. While the rate is variable (subject to change at any point), you can make extra loan repayments without penalty. You won’t be charged a fee if you decide to clear the balance before the total is due. Take note there is no redraw facility to dip into extra repayments, and you cannot use this loan to finance a second-hand vehicle.

Partially secured personal loan:

Big Sky’s partially secured personal loan is suitable for those with an asset to secure against the loan as collateral. It only needs to be worth 50% of what you borrow, and loan amounts begin at $1,500. Just like Big Sky’s new car loan there are no monthly fees or a sign up cost. All the same nifty features as the new car loan apply including fee-free extra loan repayments, loan terms of up to eight years and no break costs.

Secured personal loan:

If you’re looking for a personal loan and have an asset worth the amount you want to borrow, this secured personal loan could be suited to you. Apart from having a variable rate second best to the Big Sky new car loan, all other product aspects are the same such as no monthly fees and break costs.

Unsecured personal loan:

Don’t have an asset and need a personal loan? Take a look at Big Sky’s unsecured loan. While you’ll pay the most in interest out of all loans detailed on this page, you still have access to exactly the same features and benefits as them, without having to put up collateral.

Big Sky personal loan features at a glance

Repayment flexibility: 

Coincide payday with your loan repayment dates if you wish, as Big Sky offers the choice of weekly, fortnightly or monthly repayments.

Extra repayments: 

With Big Sky personal loans, you can make extra repayments without financial penalty. Just keep in mind you won’t have access to the funds via a redraw facility.

No monthly fees: 

Monthly administration fees are not a thing with all Big Sky personal loans, which can take the financial pressure off for lengthy loan terms.

No break fees: 

Big Sky will not charge you more for clearing that debt before the loan terms ends.

Optional loan insurance: 

For that extra peace of mind you can request for a Big Sky loan insurance quote. Loan protection covers you if sickness gets in the way of your loan repayment obligations.

Big Sky customer reviews:

For more insight on Big Sky personal loans, check out this customer reviews section which gives you access to personal loan experiences had by everyday Aussies.

How do you apply for a Big Sky personal loan?

Applying for a Big Sky personal loan is simple. To do it online you’ll need to register first, then fill out a form on the website. Alternatively you can take out a Big Sky loan over the phone (there are no branches). The credit union will notify you on the outcome soon after you’ve applied.

To apply for a personal loan with Big Sky you will need:

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