CUA Unsecured Personal Loan (Fixed)
CUA Unsecured Personal Loan (Fixed)
Mozo Review CUA Unsecured Personal Loan (Fixed) Review
Last updated: 28 October 2019.
What's hot:
Flexible repayment schedule
Free extra repayments and redraw facility
No ongoing fees
What's not:
$175 application fee
$200 minimum redraw in-branch
Mozo snapshot:
If you love flexibility, then the CUA Unsecured Personal Loan might be the one for you, as it offers borrowers the ability to choose their own repayment schedule, make free extra repayments and access to a redraw facility. With this loan, you also won't have to worry about any ongoing, exit or early payout fees.
Key features:
The CUA fixed rate unsecured personal loan has a 9.89% fixed interest rate (10.14% comparison rate*) for a loan between $5,000 - $50,000 with a $175 application fee.
For this loan, you'll find yourself free of any ongoing fees, only needing to repay interest.
To help fit your repayments into your budget, you're able to choose between weekly, fortnightly or monthly repayments. Furthermore, you can choose to have your loan period be anywhere between 1-7 years.
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. But keep in mind that for any redraws of those extra repayments you make in-branch, a $200 minimum withdrawal amount applies.
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 with flexible features and minimal fees.
Any catches?
Because this loan is unsecured, it does have a higher interest rate than a secured loan.
While extra repayments are allowed and are free, there is a minimum withdrawal amount of $200 to use the free redraw option in-branch, should you wish to access that cash at a later point in time.
Details
Rates and fees information correct as at 18 January 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
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Fixed
-
9.89% p.a. fixed
-
10.14% p.a.based on $30,000
over 5 years
Fees
-
$175.00
-
$0.00
-
$0.00
-
$0.00
-
$0.00
Other financial bits
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$5,000.00
-
$50,000.00
-
1 Year
-
7 Years
-
Unsecured
Features
-
Weekly, Fortnightly, Monthly
-
yes
-
yes
-
$200 minimum withdrawal amount applies for redraws conducted in-branch.
-
none
Customer Reviews
How are CUA personal loans rated by the Mozo community?
Latest reviews of CUA Unsecured Personal Loan (Fixed)
-
Customer oriented with a good range of products.
Friendly and efficient with good interest rates.
Read full reviewFriendly and efficient with good interest rates.
Price8/10Features6/10Customer service8/10Convenience8/10LessTrust9/10 -
Fantastic all rounded banking experience
I have been a loyal customer of CUA and recommend this union to everybody. I have been dealing with them for over 15 years and am still very satisfied with their service.
Read full reviewI have been a loyal customer of CUA and recommend this union to everybody. I have been dealing with them for over 15 years and am still very satisfied with their service.
Price9/10Features-Customer service-Convenience-LessTrust- -
All round terrific service and products
Just awesome, every dealing with CUA has been professional, convenient and easy.
Read full reviewJust awesome, every dealing with CUA has been professional, convenient and easy.
Price10/10Features10/10Customer service10/10Convenience10/10LessTrust10/10 -
Happy customer
Been with CUA for years and have always been happy with them
Read full reviewBeen with CUA for years and have always been happy with them
Price7/10Features6/10Customer service9/10Convenience7/10LessTrust9/10 -
Disappointing
Paid off our loan early. Tried to apply for another loan for similar amount. Circumstances had improved, however declined. Were they worried they would miss out on interest again because we pay it back early? Disappointing cua.
Read full reviewPaid off our loan early. Tried to apply for another loan for similar amount. Circumstances had improved, however declined. Were they worried they would miss out on interest again because we pay it back early? Disappointing cua.
Price6/10Features5/10Customer service4/10Convenience6/10LessTrust5/10
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.
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