Credit Union SA personal loans

Credit Union SA

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. Read on for the details...

Credit Union SA offers the following personal loans

Rates and fees verified as correct at 09 December, 2016. Other information correct at the time of writing.

Product Interest rate from Comparison rate from* Upfront fee

7.99% p.a.

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

$195

5.99% p.a.

6.26% p.a.based on $30,000
over 5 years

$195

13.60% p.a.

13.89% p.a.based on $30,000
over 5 years

$195

* 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 personal loans do Credit Union SA offer?

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, 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 variable 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.

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. Just like the secured personal loan, the interest rate 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:

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