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Illawarra Credit Union Online Personal Loan Package

Advertiser disclosure
Interest rate from
5.25% p.a.
Comparison rate from
5.89% p.a.based on $30,000
over 5 years
Upfront fee
$200

Mozo editorial review Illawarra Credit Union Online Personal Loan Package

Last updated: 12 November 2020.

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What's hot
  • 2021 Mozo Experts Choice Award winner
  • Variable rates from 5.25% p.a. (5.89% p.a. comparison rate*)
  • Extra repayments allowed
What's not
  • $200 upfront fee
Mozo snapshot

With interest rates starting at a competitively low level, and a number of additional features on offer, it’s no wonder this product bagged a 2021 Mozo Experts Choice Award for best Secured Personal Loan! Loans from $10,000 to $100,000 are on offer and loan terms range from one to five years.

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Key features

Interest rates for Illawarra Credit Union’s Online Personal Loan Package are variable and start as low as 5.25% p.a. (5.89% p.a. comparison rate*). Plus, as the name suggests this particular loan comes as part of a package, meaning there’s plenty of additional features to take advantage of. These include a redraw facility and a 100% offset account. You will also have to have a Visa Debit card with the credit union and be registered for online banking to be eligible.

On top of all this, there’s the option to make extra repayments and no penalty for paying off your loan early. So if you have the budget to make additional payments, you could be done with your debt sooner than anticipated. Speaking of budget, you can even choose to make repayments weekly, fortnightly or monthly. So you could work your bill payments around whatever money you have coming in.

Loans are available from as little as $10,000 to as much as $100,000 and loan terms range from one to five years. There is no exit fee and no additional fees for the offset account. Just keep in mind that there is a $200 upfront, application fee and a $5 monthly personal loan fee, which will be charged to your personal loan offset account.

It is also good to remember that this is a secured loan, so you will have to provide some form of security, like a car for example.

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Who is it good for

This loan would be suited to someone looking for a personal loan with a few extra bells and whistles attached to make the most of.

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Any catches

There is a $200 upfront application fee to pay and you will be charged $5 per month from your offset account.

Details

Rates and fees information correct as at 25 November 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
  • Variable

  • 5.25% p.a.variable

  • 5.89% p.a.based on $30,000
    over 5 years

Fees
  • $200.00

  • $5.00

  • $20.00

  • $0.00

  • $0.00

Other financial bits
  • $10,000.00

  • $100,000.00

  • 1 Year

  • 5 Years

  • Various, Vehicle

Features
  • Weekly, Fortnightly, Monthly

  • yes

  • yes

  • Must meet all requirements of the Package Agreement. This includes holding an Offset account, Visa Debit card and must be registered for online statements & Internet banking.

  • Offset transaction account with no additional fees.

WARNING: 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. 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 Illawarra Credit Union personal loans rated by the Mozo community?

Price
9.0/10
Features
9.0/10
Customer service
9.3/10
Convenience
8.4/10
Trust
9.4/10
Illawarra Credit Union

About Illawarra Credit Union

Illawarra Credit Union is a community credit union, that uses its profits to improve products and services offered to its customers, in the Illawarra region. Illawarra offers its customers with competitive products and services in home and personal loans, credit cards, car loans, savings accounts, term deposits and debit cards. Illawarra provides financial solutions complimented with customer service.

See Illawarra Credit Union personal loans

NOW Finance

NOW Finance

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6.95% p.a.to 17.95% p.a.

6.95% p.a.to 17.95% p.a.based on $30,000
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OurMoneyMarket

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6.75% p.a.to 8.48% p.a.

6.96% p.a.to 8.69% p.a.based on $30,000
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6.95% p.a.to 19.99% p.a.

6.95% p.a.to 19.99% p.a.based on $30,000
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SocietyOne

SocietyOne

Unsecured Personal Loan (Fixed)

6.99% p.a.to 9.49% p.a.

6.99% p.a.to 12.2% p.a.based on $10,000
over 3 years

Symple Loans

Symple Loans

Personal Loan

5.75% p.a.to 21.99% p.a.

6.47% p.a.to 25.11% p.a.based on $30,000
over 5 years

Liberty

Liberty

Personal Loan

6.45% p.a.to 26.99% p.a.

6.45% p.a.to 26.99% p.a.based on $30,000
over 5 years

CUA

CUA

Unsecured Personal Loan (Fixed)

9.39% p.a.

9.64% p.a.based on $30,000
over 5 years

Wisr

Wisr

Unsecured Personal Loan

7.95% p.a.to 19.45% p.a.

8.22% p.a.to 19.76% p.a.based on $30,000
over 5 years

Plenti

Plenti

New Car Loan (Fixed)

4.89% p.a.to 8.89% p.a.

5.44% p.a.to 9.46% p.a.based on $30,000
over 5 years

OurMoneyMarket

OurMoneyMarket

Car Loan

5.50% p.a.

5.85% p.a.based on $30,000
over 5 years

Wisr

Wisr

Secured Car Loan

5.19% p.a.to 18.95% p.a.

5.46% p.a.to 19.26% p.a.based on $30,000
over 5 years

Heritage Bank

Heritage Bank

Car Loan

4.89% p.a.

5.53% p.a.based on $30,000
over 5 years

loans.com.au

loans.com.au

New Car Loan (Fixed)

4.67% p.a.

5.22% p.a.based on $30,000
over 5 years

P&N Bank

P&N Bank

Secured Personal Loan

6.81% p.a.

7.80% p.a.based on $30,000
over 5 years

CUA

CUA

Secured Car Loan (Fixed)

6.79% p.a.

7.16% p.a.based on $30,000
over 5 years

loans.com.au

loans.com.au

Clean Green Car Loan

3.97% p.a.

4.51% p.a.based on $30,000
over 5 years

NOW Finance

NOW Finance

Unsecured Personal Loan

6.95% p.a.to 17.95% p.a.

6.95% p.a.to 17.95% p.a.based on $30,000
over 5 years

Plenti

Plenti

Unsecured Personal Loan (Fixed)

6.49% p.a.to 8.99% p.a.

6.84% p.a.to 9.34% p.a.based on $30,000
over 5 years

Alex

Alex

Personal Loan

6.95% p.a.to 19.99% p.a.

6.95% p.a.to 19.99% p.a.based on $30,000
over 5 years

OurMoneyMarket

OurMoneyMarket

Low Rate Personal Loan

6.75% p.a.to 8.48% p.a.

6.96% p.a.to 8.69% p.a.based on $30,000
over 5 years

SocietyOne

SocietyOne

Unsecured Personal Loan (Fixed)

6.99% p.a.to 9.49% p.a.

6.99% p.a.to 12.2% p.a.based on $10,000
over 3 years

Liberty

Liberty

Personal Loan

6.45% p.a.to 26.99% p.a.

6.45% p.a.to 26.99% p.a.based on $30,000
over 5 years

CUA

CUA

Unsecured Personal Loan (Fixed)

9.39% p.a.

9.64% p.a.based on $30,000
over 5 years

Symple Loans

Symple Loans

Personal Loan

5.75% p.a.to 21.99% p.a.

6.47% p.a.to 25.11% p.a.based on $30,000
over 5 years

Plenti

Plenti

New Car Loan (Fixed)

4.89% p.a.to 8.89% p.a.

5.44% p.a.

$0.00

Wisr

Wisr

Secured Car Loan

5.19% p.a.to 18.95% p.a.

5.46% p.a.

$0.00

Heritage Bank

Heritage Bank

Car Loan

4.89% p.a.

5.53% p.a.

$5.00

loans.com.au

loans.com.au

New Car Loan (Fixed)

4.67% p.a.

5.22% p.a.

$0.00

loans.com.au

loans.com.au

Clean Green Car Loan

3.97% p.a.

4.51% p.a.

$0.00