CUA Unsecured Personal Loan (Fixed)

10.99% p.a.

10.99% p.a.based on $30,000
over 5 years

$0

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11.99% p.a.

11.99% p.a.based on $30,000
over 5 years

$0

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CUA Unsecured Personal Loan (Fixed) Review

Rates and fees information correct as at 19 September 2018.

Review published: 3 December 2012

What's hot:

  • $0 application fee

  • Flexible repayment options

  • No account keeping fees

What's not:

  • Minimum $30,000 borrowings for discounted rate

Mozo snapshot:

Life Rich Banking is CUA's slogan, and it's every bit true for this unsecured personal loan with fast 24 hour approval, $0 application fee and no ongoing fees whatsoever. 

Key features:

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.

Any catches?

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.

How are CUA personal loans rated by the Mozo community?

Product Type Overall Rating Price Features Service Convenience Trust
8.4

Based on 122
CUA personal loans reviews

7.9 7.4 8.5 8.1 8.5

Read CUA personal loan reviews by the Mozo community

Latest reviews of CUA Unsecured Personal Loan (Fixed)

CUA

CUA Discount Unsecured Personal Loan (Fixed) personal loan review

Overall rating   10 / 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.

Full review

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.

    Price   9 / 10

Less

John, Queensland, reviewed over 1 year ago

CUA

CUA Discount Unsecured Personal Loan (Fixed) personal loan review

Overall rating   10 / 10

All round terrific service and products

Just awesome, every dealing with CUA has been professional, convenient and easy.

Full review

Just awesome, every dealing with CUA has been professional, convenient and easy.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Anna, Northern Territory, reviewed over 2 years ago

CUA

CUA Discount Unsecured Personal Loan (Fixed) personal loan review

Overall rating   9 / 10

Happy customer

Been with CUA for years and have always been happy with them

Full review

Been with CUA for years and have always been happy with them

    Price   7 / 10

    Features   6 / 10

    Customer service   9 / 10

    Convenience   7 / 10

    Trust   9 / 10

Less

Steph, New South Wales, reviewed over 2 years ago

CUA

CUA Discount Unsecured Personal Loan (Fixed) personal loan review

Overall rating   4 / 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.

Full review

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.

    Price   6 / 10

    Features   5 / 10

    Customer service   4 / 10

    Convenience   6 / 10

    Trust   5 / 10

Less

Lisa, Victoria, reviewed almost 3 years ago

CUA

CUA Discount Unsecured Personal Loan (Fixed) personal loan review

Overall rating   10 / 10

A great finance provider

I've been with the CUA for a long time now & they have been great to me & my family, helping us out with loans & the customer service is outstanding.

Full review

I've been with the CUA for a long time now & they have been great to me & my family, helping us out with loans & the customer service is outstanding.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Tracy, Queensland, reviewed about 3 years ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Currently showing

Rates

  • Fixed

  • 10.99% p.a. fixed

  • 10.99% p.a.based on $30,000
    over 5 years

Fees

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • $0.00

Other financial bits

  • $30,000.00

  • $60,000.00

  • 1 Year

  • 7 Years

  • Unsecured

Features

  • Weekly, Fortnightly, Monthly

  • yes

  • yes

  • $200 minimum withdrawal amount applies for redraws conducted in-branch.

  • none

Rates

  • Fixed

  • 11.99% p.a. fixed

  • 11.99% p.a.based on $30,000
    over 5 years

Fees

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • $0.00

Other financial bits

  • $5,000.00

  • $60,000.00

  • 1 Year

  • 7 Years

  • Unsecured

Features

  • Weekly, Fortnightly, Monthly

  • yes

  • yes

  • $200 minimum withdrawal amount applies for redraws conducted in-branch.

  • none

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.

*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. WARNING: 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.

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