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Police Credit Union Fixed Rate Car Loan

Advertiser disclosure

The details shown below are for a fixed loan of at least $20,000

The details shown below are for a fixed loan between $5,000 and $19,999

Choose the version of this loan that suits you best

  • Loan: $20,000

  • Loan: $5,000 $19,999

Interest rate from
4.69% p.a.
Comparison rate from
4.96% p.a.based on $30,000
over 5 years
Upfront fee
$195
Interest rate from
6.69% p.a.
Comparison rate from
6.96% p.a.based on $10,000
over 3 years
Upfront fee
$195

Mozo editorial review Police Credit Union Fixed Rate Car Loan

Last updated: 12 November 2020.

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What's hot
  • Fixed interest rate from 4.69% (4.69% comparison rate*)
  • No ongoing fees
  • 2021 Mozo Experts Choice Award winner
What's not
  • $250 early repayment penalty if loan is repaid in the first three years
Mozo snapshot

If you’re in the market for a new set of wheels, you’re going to need a low cost car loan to help get you your dream car. The Police Credit Union Fixed Rate Car Loan features fixed rates from as low as 4.69% (4.69% comparison rate*) and no ongoing fees. This car loan was also awarded a 2021 Mozo Experts Choice Award for Best Car Loan, so you know you’re onto a winner!

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Key features

One of the great things about the Police Credit Union Fixed Rate Car Loan is that it’s available to all kinds of South Australian borrowers, not just those in the police force. With competitive fixed rates starting from 4.69% (4.69% comparison rate*) for borrowers with a great credit rating and no ongoing fees, this is a car loan that can help keep your wallet happy. 

You’ll also be able to make free extra repayments to your loan to help reduce your interest and redraw any of these additional repayments if you ever need them. Talk about flexibility!

However, there is a $150 upfront fee to consider, plus if you pay off your loan within the first three years, you will be charged a $250 early repayment penalty. It’s also worth mentioning that as this is a secured loan, you will need to use your new car as security against the loan. 

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Who is it good for

The Police Credit Union Fixed Rate Car Loan could be a great choice for borrowers with a top notch credit score looking to lock in a low fixed rate. This car loan might also be a good pick for Aussies in South Australia looking to bank with a credit union with a customer-first attitude.

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Any catches

Just keep in mind that if you are thinking about paying the loan off within the first three years, you will be slapped with a $250 early repayment penalty. You’ll also need to budget for the $195 upfront fee.

Details

Rates and fees information correct as at 24 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
  • Fixed

  • 4.69% p.a. fixed

  • 4.96% p.a.based on $30,000
    over 5 years

Fees
  • $195.00

  • $0.00

  • $15.00

  • $0.00

  • $250 if loan repaid in first 3 years

Other financial bits
  • $20,000.00

  • none

  • 1 Year

  • 5 Years

  • Vehicle

Features
  • Weekly, Fortnightly, Monthly

  • yes

  • yes

  • none

  • none

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.

Details

Rates and fees information correct as at 24 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
  • Fixed

  • 6.69% p.a. fixed

  • 6.96% p.a.based on $10,000
    over 3 years

Fees
  • $195.00

  • $0.00

  • $15.00

  • $0.00

  • $250 if loan repaid in first 3 years

Other financial bits
  • $5,000.00

  • $19,999.00

  • 1 Year

  • 5 Years

  • Vehicle

Features
  • Weekly, Fortnightly, Monthly

  • yes

  • yes

  • none

  • none

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 Police Credit Union personal loans rated by the Mozo community?

Overall
7.5/10
Price
7.1/10
Features
6.0/10
Customer service
7.0/10
Convenience
7.3/10
Trust
7.6/10
Police Credit Union

About Police Credit Union

Police Credit Union SA/NT provides its members with flexible and fair rate financial products, offering term deposits, savings accounts, home loans, personal loans, debt consolidation, and financial planning services.

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