The CUA fixed rate unsecured personal loan has a 11.99% fixed interest rate for a loan of any amount you fancy from $5,000 with no monthly account fees, while the rate drops to 10.99% for loans between $30,000 and $60,000. Loan terms are between 1 - 7 years.
The CUA fixed rate unsecured loan is also very flexible with repayments. You have the option of weekly, fortnightly or monthly repayment options and there is no penalties for extra repayments. So if you come into some money down the line, you could pay off your loan a lot quicker and save on interest payments.
Who it's good for:
Anyone who doesn't have assets to secure a loan against and is looking for a competitive unsecured personal loan.
Because this loan is unsecured it does have a higher interest rate than a secured loan.
Extra repayments are allowed and are free, while there is a minimum of $200 to use the free redraw option in branch if you wish to access cash at a later point should you need to.