Community First Credit Union personal loans

Community First Credit Union
Community First Credit Union's overall rating for personal loans

(as rated by the Mozo community)

8.3 / 10

based on 7 reviews

Want to be a member of and borrow from an organisation that’s been responsibly handling money since 1959?

Community First Credit Union is the largest community based credit union operating throughout the Sydney and Central Coast region. It’s a member owned institution, which means there’s no need to pay large dividends to shareholders - instead it’s focused on delivering great value to its members.

Read on for a rundown of Community First personal loans.

Community First Credit Union offers the following personal loans

Rates and fees verified as correct at 25 November, 2017. Other information correct at the time of writing.

Product Interest rate from Comparison rate from* Upfront fee
Car Loan (Up to 3 years old, Fixed)
Community First Credit Union

7.49% p.a.

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


Green Loan (Variable, Unsecured)
Community First Credit Union

6.12% p.a.

6.39% p.a.based on $30,000
over 5 years


New Car Loan - Variable
Community First Credit Union

5.34% p.a.

6.11% p.a.based on $30,000
over 5 years


Personal Loan (Variable, Unsecured)
Community First Credit Union

13.49% 17.49% p.a.

13.78% 17.79% p.a.based on $30,000
over 5 years


Personal Loan (Fixed, Unsecured)
Community First Credit Union

12.99% 16.99% p.a.

13.28% 17.29% 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.

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What loans does Community First Credit Union offer?

New car loan

Got your eye on a brand new set of wheels but don’t have the lump sum saved up just yet? A new car loan from Community First Credit Union could be the solution. It’s a secured loan, which means the car you’re buying will be put up as security against the amount you borrow, and you can choose between the certainty of a fixed rate or the flexibility offered by a variable rate loan. In terms of features, you’ll have the option to make extra repayments on your loan and the use of a redraw facility. Just remember that if you opt for the fixed rate offer and pay the entire loan off before the term is up, there’ll be an early repayment penalty. Also, make sure you budget for the upfront application and small monthly service fee.

Unsecured personal loan

Whether you’re buying a boat, going on holiday or consolidating debt, a personal loan will let you get your hands on the necessary funds. An unsecured loan from Community First Credit Union is a good option if you don’t have any assets to put up as security, and you’ll be able to choose between a flexible variable rate or a secure fixed rate. There’s an upfront application fee to budget for, but no ongoing fees, and you’ll get the chance to make free extra repayments and use a redraw facility. You can borrow between $5,000 and $35,000, and pay it back over a term ranging from 1 - 5 years.

Community First Credit Union personal loan features at a glance

Extra repayments: Pay off your loan quicker and save on interest by making free extra repayments. You can make as many of these additional repayments as you like - but remember, if you chose a fixed rate loan, there’ll be a penalty fee for repaying your entire loan before the term is up.

Redraw facility: Went a little crazy with your extra repayments and need some of that cash back? You’ll have use of a redraw facility with loans from Community First Credit Union, so you can get your extra funds back if you need to.

Flexible repayment schedule: Choose to make your repayments monthly, fortnightly or weekly - whatever will suit your budget schedule.

Fees: Remember to budget for an upfront application fee if you’re taking out a personal loan with Community First. And if you’re after the new car loan, don’t forget to factor in the small monthly service fee as well.

Community First Credit Union customer reviews

Want to know how Community First Credit Union stacks up in the eyes of its customers? Check out our customer review section to read up on how everyday Aussies think Community First rates in terms of things like customer service, trust and convenience.

How to apply

Are you sold on a Community First Credit Union personal loan? Then the next thing you’ll want to know is how to apply. You can apply for a loan if you:

When you go to apply, you’ll need to supply your personal details, like address, phone number and email, as well as details about your finances, including your income, assets and debts.

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