If you’re interested in getting a car and need a loan to make it happen, then check out the CUA Secured Car Loan. It starts strong with a fixed interest rate of 6.79% p.a. (7.16% p.a. comparison rate*). It follows this up with heaps of fabulous features, such as unlimited free early repayments and the ability to redraw on that amount. On top of that, you can choose from flexible weekly, fortnightly and monthly repayments, over a term between 1 and 7 years. Just make sure you budget for the $265 application fee, and keep in mind this loan only covers new or used cars less than 7 years old.
When you get a car loan, one of the main things you’ll want to look at is the interest rate. The CUA Secured Car Loan’s fixed 6.79% interest rate (7.16% comparison rate*) starts you off on the right foot.
Finally managed to sell that garage clutter and found yourself with some extra cash to pay your car loan off early? Well go crazy, because unlike many other fixed rate loans, the CUA Secured Car Loan allows you to make as many early repayments as you want for free. Better yet, if you find yourself in need of the money you repaid early, you’ll be able to redraw that money at no cost.
Flexibility and choice are great characteristics for a car loan and the CUA Secured Car Loan has these in spades. You are able to choose between weekly, fortnightly and monthly repayments, as well as a term anywhere between 1 and 7 years, giving you control over your repayment schedule.
With CUA Secured Car Loan, you’re able to get a loan anywhere between $5,000 and $100,000. So unless you’re looking for a new Ferrari, there’s a good chance you can get access to the exact loan amount you need.
The CUA Secured Car Loan offers a lot variability in its repayment terms and loan amounts, all on top of a low interest rate, so it's perfect for most types of motorists.
If the certainty of a fixed interest rate appeals to you but you’d still like the option to make extra repayments to save on interest, this one’s definitely worth a look.
The $265 application fee may not be a massive hurdle, if your budget doesn’t have much wiggle room, it’s something to keep an eye on.
Plus, if you’re using the redraw facility in a branch, remember there's a $200 minimum.
Fixed
6.79% p.a. fixed
7.16% p.a.based on $30,000
over 5 years
$265.00
$0.00
$0.00
$0.00
$0.00
$5,000.00
$100,000.00
1 Year
7 Years
Vehicle
Weekly, Fortnightly, Monthly
yes
yes
$200 minimum withdrawal amount applies for redraws conducted in-branch.
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.
CUA are a very easy bank to deal with. Their interest rates are much lower than other banks (Especially the major banks... Upwards of 5% or 6%), and the app I use for the bank is incredibly easy to use and is very secure. Instant transfers (literally instant) are a great way of spruiking what they have.
Read full reviewCUA are a very easy bank to deal with. Their interest rates are much lower than other banks (Especially the major banks... Upwards of 5% or 6%), and the app I use for the bank is incredibly easy to use and is very secure. Instant transfers (literally instant) are a great way of spruiking what they have.
I love the personalised service I receive from CUA, the rates are always competitive and they are quick to respond when needed most, there are no penalties for paying the loan off early which is a bonus.
Read full reviewI love the personalised service I receive from CUA, the rates are always competitive and they are quick to respond when needed most, there are no penalties for paying the loan off early which is a bonus.
I lodged a loan form and within three hours the money was sitting in my account! They were so easy and helpful, would definitely go through CUA! Happy I bank with them!
Read full reviewI lodged a loan form and within three hours the money was sitting in my account! They were so easy and helpful, would definitely go through CUA! Happy I bank with them!
Would highly recommend CUA.
Read full reviewWould highly recommend CUA.
With CUA there are only pros - they are the best to do any banking, loans and insurance.
Read full reviewWith CUA there are only pros - they are the best to do any banking, loans and insurance.
CUA is Australia's largest credit union and an alternative to the big banks, offering financial, health and insurance solutions to over 500,000 Aussies. As a mutual, it's run by members for members, and reinvests in making its service better for customers and supporting local communities. CUA is committed to helping members through life's big changes, so if you want to make a change for the better, check out CUA's range of home loans, personal loans, credit cards, savings accounts and more.
NOW Finance
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6.95% p.a.to 17.95% p.a.
6.95% p.a.to 17.95% p.a.based on $30,000
over 5 years
OurMoneyMarket
Low Rate Personal Loan
6.75% p.a.to 8.48% p.a.
6.96% p.a.to 8.69% p.a.based on $30,000
over 5 years
Symple Loans
Personal Loan
5.75% p.a.to 21.99% p.a.
6.47% p.a.to 25.11% p.a.based on $30,000
over 5 years
Alex
Personal Loan
6.95% p.a.to 19.99% p.a.
6.95% p.a.to 19.99% p.a.based on $30,000
over 5 years
SocietyOne
Unsecured Personal Loan (Fixed)
6.99% p.a.to 9.49% p.a.
6.99% p.a.to 12.2% p.a.based on $10,000
over 3 years
Wisr
Unsecured Personal Loan
7.95% p.a.to 19.45% p.a.
8.22% p.a.to 19.76% p.a.based on $30,000
over 5 years
Liberty
Personal Loan
6.45% p.a.to 26.99% p.a.
6.45% p.a.to 26.99% p.a.based on $30,000
over 5 years
CUA
Unsecured Personal Loan (Fixed)
9.39% p.a.
9.64% p.a.based on $30,000
over 5 years
Plenti
New Car Loan (Fixed)
4.89% p.a.to 8.89% p.a.
5.44% p.a.to 9.46% p.a.based on $30,000
over 5 years
OurMoneyMarket
Car Loan
5.50% p.a.
5.85% p.a.based on $30,000
over 5 years
Wisr
Secured Car Loan
5.19% p.a.to 18.95% p.a.
5.46% p.a.to 19.26% p.a.based on $30,000
over 5 years
Heritage Bank
Car Loan
4.89% p.a.
5.53% p.a.based on $30,000
over 5 years
loans.com.au
New Car Loan (Fixed)
4.67% p.a.
5.22% p.a.based on $30,000
over 5 years
P&N Bank
Secured Personal Loan
6.81% p.a.
7.80% p.a.based on $30,000
over 5 years
loans.com.au
Clean Green Car Loan
3.97% p.a.
4.51% p.a.based on $30,000
over 5 years
NOW Finance
Unsecured Personal Loan
6.95% p.a.to 17.95% p.a.
6.95% p.a.to 17.95% p.a.based on $30,000
over 5 years
Alex
Personal Loan
6.95% p.a.to 19.99% p.a.
6.95% p.a.to 19.99% p.a.based on $30,000
over 5 years
SocietyOne
Unsecured Personal Loan (Fixed)
6.99% p.a.to 9.49% p.a.
6.99% p.a.to 12.2% p.a.based on $10,000
over 3 years
OurMoneyMarket
Low Rate Personal Loan
6.75% p.a.to 8.48% p.a.
6.96% p.a.to 8.69% p.a.based on $30,000
over 5 years
Liberty
Personal Loan
6.45% p.a.to 26.99% p.a.
6.45% p.a.to 26.99% p.a.based on $30,000
over 5 years
CUA
Unsecured Personal Loan (Fixed)
9.39% p.a.
9.64% p.a.based on $30,000
over 5 years
Symple Loans
Personal Loan
5.75% p.a.to 21.99% p.a.
6.47% p.a.to 25.11% p.a.based on $30,000
over 5 years
Wisr
Unsecured Personal Loan
7.95% p.a.to 19.45% p.a.
8.22% p.a.to 19.76% p.a.based on $30,000
over 5 years
OurMoneyMarket
Low Rate Personal Loan
6.75% p.a.to 8.48% p.a.
6.96% p.a.
$0.00
MoneyPlace
Unsecured Personal Loan (Fixed)
6.45% p.a.to 26.99% p.a.
6.45% p.a.
$0.00
Plenti
New Car Loan (Fixed)
4.89% p.a.to 8.89% p.a.
5.44% p.a.
$0.00
Heritage Bank
Car Loan
4.89% p.a.
5.53% p.a.
$5.00
