8.3/10

Based on 262 Credit Union SA product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.

Credit Union SA personal loans

Credit Union SA is a customer-owned financial institution based in South Australia offering plenty of competitive rate personal loans for customers to choose from. Whether you need a loan to finance a car, holiday or dream wedding, Credit Union SA could have you sorted. 

Credit Union SA won two Mozo Experts Choice Awards for 2023 for their personal loan offering. Read on to find out which products took the trophy…


Credit Union SA offers the following personal loans

Rates and fees verified as correct at 22 June 2024. Other information correct at the time of writing. Advertiser disclosure.
Product Interest rate from Comparison rate from Upfront fee
Education Community Fixed Rate Personal Loan (Vehicles 5 to 10 years old, Secured)

9.99% p.a.

9.99% p.a.based on $30,000
over 5 years

$0.00

Education Community Special Fixed Rate Personal Loan (Vehicles up to 5 years old, Secured)

7.99% p.a.

7.99% p.a.based on $30,000
over 5 years

$0.00

Education Community Special Online-only Special Fixed Rate Personal Loan

7.69% p.a.

7.69% p.a.based on $30,000
over 5 years

$0.00

Education Community Variable Rate Personal Loan (Unsecured)

12.60% p.a.

12.60% p.a.based on $30,000
over 5 years

$0.00

Fixed Rate Personal Loan (Vehicles 5 to 10 years old, Secured)

10.99% p.a.

11.35% p.a.based on $30,000
over 5 years

$250.00

Online-only Special Fixed Rate Personal Loan (Secured)

8.69% p.a.

9.19% p.a.based on $30,000
over 5 years

$350.00

Special Fixed Rate Personal Loan (Vehicles up to 5 years old, Secured)

8.99% p.a.

9.35% p.a.based on $30,000
over 5 years

$250.00

Tesla Powerwall Loan (Fixed, Unsecured)

7.54% p.a.

7.89% p.a.based on $30,000
over 5 years

$250.00

Tesla Powerwall Loan (Members with a Credit Union SA Home Loan, Fixed, Unsecured)

5.94% p.a.

5.94% p.a.based on $30,000
over 5 years

$0.00

Variable Rate Personal Loan (Unsecured)

13.60% p.a.

13.97% p.a.based on $30,000
over 5 years

$250.00

Credit Union SA personal loan overview

Fixed rate car loan:

Are you after a car loan, and want the consistency that comes with having a fixed interest rate? Then check out Credit Union SA’s fixed rate car loan options, with loan amounts ranging from $5k to $100k. Loan terms vary between one and seven years, and the vehicle you secure to the loan can be up to seven years old. Credit Union SA won’t penalise you for repaying the loan before the total amount is due, and extra repayments are fee-free. You’ll also have access to those additional repayments via a free redraw facility. While there are zero monthly fees, keep in mind an initial sign up cost applies when you take out the loan. 

Secured personal loan:

If you need a personal loan and have an asset, you can tie it to this Credit Union SA loan as collateral in return for a competitive fixed rate. Just like the Credit Union SA car loan there are several interest rate tiers dependant on the loan amount. Flexible features as the product mentioned above still apply including no early loan repayment penalty costs, and a free redraw facility to dip into any extra repayments you’ve made. A similar sign up fee is involved, but there are no monthly administration costs to consider. 

Credit Union SA’s Online-only Special Fixed Rate Personal Loan won both a Best Secured Personal Loan and Best Used Car Loan award for the 2023 Mozo Experts Choice Awards.

Unsecured personal loan:

The Credit Union SA unsecured personal loan is suitable for those wanting a personal loan to finance a dream, but who don’t have an asset to offer as security. Because the interest rate is variable, it can change at any point during the loan term. Benefits of this loan include a free redraw facility, no early loan repayment costs, and zero ongoing fees. You’ll need to pay a one-off fee when you first sign on.

Credit Union SA personal loan features at a glance

  • No monthly fees: Credit Union SA deserves a big tick for not charging monthly administration fees with any of its personal loans.
  • Repayment flexibility: You can coincide repayment dates with payday if you wish, as there are weekly, fortnightly and monthly repayment options available.
  • Extra repayments: There are no extra fees for making additional personal loan repayments with Credit Union SA.
  • Free redraw facility: You can dip into extra loan repayments free of charge when you are paying off a Credit Union SA car or personal loan.
  • No early repayment penalties: If you want to wipe that debt before the total amount is due and pay less in interest, you won’t get stung by fees.

How do you apply for a Credit Union SA personal loan?

Simply make an online enquiry or call its customer service number listed on site. You can also visit a local branch and apply in person. Make sure you bring all the relevant documents and fit the requirements detailed below for a speedy loan approval turnaround.

To apply for a personal loan with Credit Union SA you will need:

  • To be an Australian resident
  • To provide details of your employment and proof of salary to Credit Union SA
  • To supply 100 points of ID along with your application

How are Credit Union SA personal loans rated?

Mozo users have rated Credit Union SA 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
Credit Union SA personal loans customer reviews
Overall
8.1/10
Price
8.9/10
Features
8.0/10
Customer service
8.9/10
Convenience
8.3/10
Trust
9.7/10
Based on 8 Credit Union SA product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

Recent Credit Union SA personal loan reviews

Credit Union SA Fixed Rate Personal Loan
Overall 6/10
Alright

Their personal loan rate is alright. Not the worst but not the best

Read full review

Their personal loan rate is alright. Not the worst but not the best

Less
Shane, South Australia, reviewed over 5 years ago
Credit Union SA Variable Rate Personal Loan (Unsecured)
Overall 10/10
Quick and reliable

Quick and quite reliable.

Read full review

Quick and quite reliable.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
9/10
Trust
10/10
Less
Joan, South Australia, reviewed almost 6 years ago
Credit Union SA Personal Loan
Overall 9/10
Simple, easy and convenient

I spoke to Credit Union SA about organising a Personal Loan, they discussed my options, and recommended an option which drew on the available equity in my home, to give me the lowest rate possible (5.72% variable), I paid a very low and reasonable set-up fee, then have a set minimum repayment, but can pay more whenever I feel like it, and no penalties for early repayment.

Read full review

I spoke to Credit Union SA about organising a Personal Loan, they discussed my options, and recommended an option which drew on the available equity in my home, to give me the lowest rate possible (5.72% variable), I paid a very low and reasonable set-up fee, then have a set minimum repayment, but can pay more whenever I feel like it, and no penalties for early repayment.

Price
9/10
Features
10/10
Customer service
10/10
Convenience
9/10
Trust
10/10
Less
Wayde, South Australia, reviewed almost 11 years ago
Credit Union SA Personal Loan
Overall 10/10
GREAT customer service

I really don't have any cons about my bank that I bank with as they've been really good and helpful to me. I applied for a personal loan and they were next to me step by step and they did what ever they could do to help me get the loan I wanted so THANK YOU CREDIT UNION. :D

Read full review

I really don't have any cons about my bank that I bank with as they've been really good and helpful to me. I applied for a personal loan and they were next to me step by step and they did what ever they could do to help me get the loan I wanted so THANK YOU CREDIT UNION. :D

Price
10/10
Features
9/10
Customer service
10/10
Convenience
9/10
Trust
10/10
Less
Krystian, South Australia, reviewed about 11 years ago
See all personal loan reviews
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