Thumbnail icon for CUA

CUA Secured Car Loan (Fixed)

Advertiser disclosure
Interest rate from
6.79% p.a.
Comparison rate from
7.16% p.a.based on $30,000
over 5 years
Upfront fee
$265
Go to site

Mozo editorial review CUA Secured Car Loan (Fixed)

Last updated: 9 April 2020.

binocular icon
What's hot
  • 6.79% interest rate (7.16% comparison rate*)
  • Free extra repayments and redraw facility
  • Flexible repayment schedule
  • No early payout fees
What's not
  • $265 application fee
Mozo snapshot

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.

key icon
Key features

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.

snapshot
Who is it good for

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.

snapshot
Any catches

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.

Details

Rates and fees information correct as at 30 November 2020. 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

  • 6.79% p.a. fixed

  • 7.16% p.a.based on $30,000
    over 5 years

Fees
  • $265.00

  • $0.00

  • $0.00

  • $0.00

  • $0.00

Other financial bits
  • $5,000.00

  • $100,000.00

  • 1 Year

  • 7 Years

  • Vehicle

Features
  • Weekly, Fortnightly, Monthly

  • yes

  • yes

  • $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.

Customer Reviews

How are CUA personal loans rated by the Mozo community?

Overall
8.2/10
Price
7.9/10
Features
7.4/10
Customer service
8.3/10
Convenience
7.9/10
Trust
8.3/10

Latest reviews of CUA Secured Car Loan (Fixed)

  • Overall 8/10
    Low rate loans and easy to use apps.

    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 review

    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.

    Price
    9/10
    Features
    9/10
    Customer service
    6/10
    Convenience
    7/10
    Trust
    8/10
    Less
    Joel, Victoria reviewed 7 months ago
  • Overall 10/10
    Competitive rates & great customer service

    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 review

    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.

    Price
    10/10
    Features
    7/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Toni, New South Wales reviewed almost 6 years ago
  • Overall 10/10
    Quickest Loan Approval Ever

    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 review

    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!

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Mozo community reviewer, Queensland reviewed over 7 years ago
  • Overall 10/10
    Competitive pricing & great flexible product benef

    Would highly recommend CUA.

    Read full review

    Would highly recommend CUA.

    Price
    9/10
    Features
    9/10
    Customer service
    9/10
    Convenience
    9/10
    Trust
    9/10
    Less
    Mozo community reviewer, Queensland reviewed over 7 years ago
  • Overall 10/10
    Great customer service

    With CUA there are only pros - they are the best to do any banking, loans and insurance.

    Read full review

    With CUA there are only pros - they are the best to do any banking, loans and insurance.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Diane, Queensland reviewed almost 8 years ago
CUA

About CUA

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.

See CUA personal loans

CUA

CUA

Unsecured Personal Loan (Fixed)

9.39% p.a.

9.64% p.a.

$0.00

CUA

CUA

Unsecured Personal Loan (Variable)

11.89% p.a.

12.15% p.a.

$0.00

NOW Finance

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

OurMoneyMarket

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

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

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

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

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

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

CUA

Unsecured Personal Loan (Fixed)

9.39% p.a.

9.64% p.a.based on $30,000
over 5 years

Plenti

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

OurMoneyMarket

Car Loan

5.50% p.a.

5.85% p.a.based on $30,000
over 5 years

Wisr

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

Heritage Bank

Car Loan

4.89% p.a.

5.53% p.a.based on $30,000
over 5 years

loans.com.au

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

P&N Bank

Secured Personal Loan

6.81% p.a.

7.80% p.a.based on $30,000
over 5 years

CUA

CUA

Secured Car Loan (Fixed)

6.79% p.a.

7.16% p.a.based on $30,000
over 5 years

loans.com.au

loans.com.au

Clean Green Car Loan

3.97% p.a.

4.51% p.a.based on $30,000
over 5 years

NOW Finance

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

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

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

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

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

CUA

Unsecured Personal Loan (Fixed)

9.39% p.a.

9.64% p.a.based on $30,000
over 5 years

Symple Loans

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

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

OurMoneyMarket

Low Rate Personal Loan

6.75% p.a.to 8.48% p.a.

6.96% p.a.

$0.00

Liberty

Liberty

Personal Loan

6.45% p.a.to 26.99% p.a.

6.45% p.a.

$0.00

Symple Loans

Symple Loans

Personal Loan

5.75% p.a.to 21.99% p.a.

6.47% p.a.

$10.00

MoneyPlace

MoneyPlace

Unsecured Personal Loan (Fixed)

6.45% p.a.to 26.99% p.a.

6.45% p.a.

$0.00

Plenti

Plenti

New Car Loan (Fixed)

4.89% p.a.to 8.89% p.a.

5.44% p.a.

$0.00

OurMoneyMarket

OurMoneyMarket

Car Loan

5.50% p.a.

5.85% p.a.

$0.00

Wisr

Wisr

Secured Car Loan

5.19% p.a.to 18.95% p.a.

5.46% p.a.

$0.00

Heritage Bank

Heritage Bank

Car Loan

4.89% p.a.

5.53% p.a.

$5.00