CUA Unsecured Personal Loan (Variable)

The details shown below are for a variable loan between $30,000 and $60,000

The details shown below are for a variable loan between $5,000 and $30,000

Choose the version of loan that suits you best

  • Loan: $30,000 $60,000

  • Loan: $5,000 $30,000

10.89% p.a.

10.89% p.a.based on $30,000
over 5 years

$0

CUA Unsecured Personal Loan (Variable)

10.89% p.a.

10.89% p.a.based on $30,000
over 5 years

$0

11.89% p.a.

12.07% p.a.based on $30,000
over 5 years

$120

CUA Unsecured Personal Loan (Variable)

11.89% p.a.

12.07% p.a.based on $30,000
over 5 years

$120

Mozo Review   CUA Unsecured Personal Loan (Variable) Review

Last updated: 20 February 2018.

What's hot:
  • No upfront or ongoing fees

  • Free extra repayments and redraw facility

  • Flexible repayment schedule

What's not:
  • $200 minimum redraw in-branch

Mozo snapshot:

Personal loans can be great for helping pay for an extension on your house, funding a holiday or allowing you to have the wedding you always wanted. When it comes to loans the CUA Unsecured Personal Loan’s variable 10.89% interest rate (10.89% comparison rate) lets you know you’re starting in a good place. The loan also allows you to choose from weekly, fortnightly and monthly repayment terms over 1 - 7 years. All of which comes with no fees. That’s right, no fees!

Key features:

First off you'll have to think about how much you want to borrow. If you're after a smaller loan from $5,000, then you can snag a CUA Unsecured Personal Loan with a rate of 11.89%. On the other hand, if you're borrowing between $30,000 and $60,000, you can score a discounted rate of 10.89%.

The best news is the CUA Personal Loan comes with no fees. There’s no application fee, no ongoing fees, no late payment fees, no exit fees, no early repayment fees. You get it, there’s no fees.

If you are interested in repaying your loan back early to save on interest, then go right ahead, because CUA allows for unlimited free extra repayments, and there’s no penalty for paying your loan off early. This loan also comes with a free redraw facility, so if you need access to the money you paid back early, you can get it back, easy as. The only caveat is that you have to redraw a minimum of $200 if you are in-branch.

Having the ability to choose how long your loan is and how often your repayments are can be really important for keeping your budget in check. That’s why CUA allows you to pick weekly, fortnightly or monthly repayments, and a loan term that can extend between 1 and 7 years.

Who it's good for:

This fee free loan is a budget-friendly option for just about any borrower, but it’s particularly well-suited to those borrowing more than $30,000, as they can score the lower rate option.

Any catches?

There aren’t really any catches as far as the CUA Unsecured Personal Loan goes. Although there's a redraw facility available, remember that if you'd like to see a friendly face while you use it, a minimum $200 limit applies for in-branch redraws.

Details

Rates and fees information correct as at 17 October 2018.

Rates
  • Variable

  • 10.89% p.a.variable

  • 10.89% 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

*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.

Details

Rates and fees information correct as at 17 October 2018.

Rates
  • Variable

  • 11.89% p.a.variable

  • 12.07% p.a.based on $30,000
    over 5 years

Fees
  • $120.00

  • $0.00

  • $0.00

  • $0.00

  • $0.00

Other financial bits
  • $5,000.00

  • $30,000.00

  • 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 review of CUA Unsecured Personal Loan (Variable)

  • Overall
    1/10
    Okay I guess

    Most stupid bank I have ever banked with, wasn't eligible for anything.

    Most stupid bank I have ever banked with, wasn't eligible for anything.

    Price
    1/10
    Features
    1/10
    Customer service
    1/10
    Convenience
    -1/10
    Trust
    1/10

    Rebecca | Victoria

    reviewed 7 months 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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