CUA Unsecured Personal Loan (Fixed)

9.89% p.a.

10.14% p.a.based on $30,000
over 5 years

$175

CUA Unsecured Personal Loan (Fixed)

9.89% p.a.

10.14% p.a.based on $30,000
over 5 years

$175

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 5 December 2019. 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

  • 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
  • $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

*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.

Customer Reviews

How are CUA personal loans rated by the Mozo community?

Overall customer rating
8.4/10
Price
7.9/10
Features
7.4/10
Customer service
8.5/10
Convenience
8.1/10
Trust
8.5/10

Latest reviews of CUA Unsecured Personal Loan (Fixed)

  • Overall
    8/10
    Customer oriented with a good range of products.

    Friendly and efficient with good interest rates.

    Friendly and efficient with good interest rates.

    Price
    8/10
    Features
    6/10
    Customer service
    8/10
    Convenience
    8/10
    Trust
    9/10

    Carolyn | Queensland

    reviewed about 1 hour ago

  • Overall
    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...

    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
    Features
    -
    Customer service
    -
    Convenience
    -
    Trust
    -

    John | Queensland

    reviewed almost 3 years ago

  • Overall
    10/10
    All round terrific service and products

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

    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

    Anna | Northern Territory

    reviewed over 3 years ago

  • Overall
    9/10
    Happy customer

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

    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

    Steph | New South Wales

    reviewed almost 4 years ago

  • Overall
    4/10
    Disappointing

    Paid off our loan early. Tried to apply for another loan for similar amount. Circumstances had...

    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

    Lisa | Victoria

    reviewed about 4 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.

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