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Credit Union SA Education Community Fixed Rate Personal Loan

Advertiser disclosure

The details shown below are for a fixed loan between $5,000 and $100,000

The details shown below are for a fixed loan between $5,000 and $100,000

Choose the version of this loan that suits you best

  • Loan: $5,000 $100,000

  • Loan: $5,000 $100,000

Interest rate from
5.59% p.a.
Comparison rate from
5.59% p.a.based on $30,000
over 5 years
Upfront fee
$0
Interest rate from
7.99% p.a.
Comparison rate from
7.99% p.a.based on $30,000
over 5 years
Upfront fee
$0

Mozo editorial review Credit Union SA Education Community Fixed Rate Personal Loan

Last updated: 6 January 2020.

binocular icon
What's hot
  • Fixed rates from 5.59% p.a. (5.59% p.a. comparison rate*)
  • Extra repayments and redraws allowed
  • Multiple 2019 Mozo’s Experts Choice Award winner
What's not
  • Discounted rate only available if you are studying or working in education in South Australia
Mozo snapshot

After a low-rate personal loan that packs in plenty of flexibility? If you’re a member of the South Australian education community, then the Credit Union SA Education Community Fixed Rate Personal Loan could be the one for you. Not only does this personal loan have competitive fixed rates starting from 5.59% p.a. (5.59% p.a. comparison rate*) if you secure it against a vehicle less than 2 years old, but it also comes with other perks like free extra repayments and a redraw facility. 

This personal loan also received a stamp of approval from Mozo’s money experts when it took out three Mozo Experts Choice Personal Loan Awards in 2019 for best Car Loan, best Used Car Loan and best Secured Personal Loan. 

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Key features

The Credit Union SA Education Community Fixed Rate Personal Loan offers two different interest rates, depending on the vehicle you use as collateral. A special low fixed rate of 5.59% p.a. (5.59% p.a. comparison rate*) is available to customers who secure their loan against a new or used car less than 2 years of age. If you use an older car (between 2 to 7 years old) as security, you’ll be subject to higher rates starting from 7.99% p.a. (7.99% p.a. comparison rate*). 

With loan amounts of $5,000 up to $100,000, the Credit Union SA Education Community Fixed Rate Personal Loan could be a great option if you’re looking for extra cash to fund a big home renovation or a new set of wheels. And the good news is, you won’t have to worry about any application or monthly service fees. 

What’s more, the Credit Union SA Education Community Fixed Rate Personal Loan offers term options of 1 to 7 years, which means you’ll have loads of time to pay off your loan should you need it. But the flexibility doesn’t stop there, as the loan also comes with handy features like the ability to make extra repayments, to redraw those extra repayments down the track, and to choose between weekly, fortnightly or monthly repayments.

snapshot
Who is it good for

If you’re studying or working in education in South Australia and need money to cover a big expense, then the Credit Union SA Education Community Fixed Rate Personal Loan could be a great fit for you, since it offers loan amounts of up to $100,000.

question icon
Any catches

If you’re hoping to snatch up the loan’s competitive interest rate of 5.59% p.a. (5.59% p.a. comparison rate*), keep in mind you’ll need to own a vehicle that’s less than two years old and use it as security against the loan. 

Finally, it’s important to remember that you have to be either an employee or a student of the South Australian education community to get this loan.

Details

Rates and fees information correct as at 12 May 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • Fixed

  • 5.59% p.a. fixed

  • 5.59% p.a.based on $30,000
    over 5 years

Fees
  • $0.00

  • $0.00

  • $10.00

  • $0.00

  • $0.00

Other financial bits
  • $5,000.00

  • $100,000.00

  • 1 Year

  • 7 Years

  • Vehicle

Features
  • Weekly, Fortnightly, Monthly

  • yes

  • yes

  • Available to any employee of the South Australian education community and students carrying out studies in education.

  • none

WARNING: 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. 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.

Details

Rates and fees information correct as at 12 May 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • Fixed

  • 7.99% p.a. fixed

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

Fees
  • $0.00

  • $0.00

  • $10.00

  • $0.00

  • $0.00

Other financial bits
  • $5,000.00

  • $100,000.00

  • 1 Year

  • 7 Years

  • Vehicle

Features
  • Weekly, Fortnightly, Monthly

  • yes

  • yes

  • Available to any employee of the South Australian education community and students carrying out studies in education.

  • none

WARNING: 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. 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.

Customer Reviews

How are Credit Union SA personal loans rated by the Mozo community?

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
Thumbnail icon for Credit Union SA

About Credit Union SA

Credit Union SA is a credit union providing its financial services to the South Australian region. Credit Union SA offers a wide range of financial products and services in credit cards, savings accounts, personal loans, home loans and car insurance. Credit Union SA pride themselves on providing excellent customer service and friendliness through all their financial products.

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